ATS Corporation (NYSE:ATS - Get Free Report) saw strong trading volume on Friday . 97,699 shares were traded during mid-day trading, a decline of 44% from the previous session's volume of 173,671 shares.The stock last traded at $30.95 and had previously closed at $30.68.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the company. Weiss Ratings restated a "sell (d)" rating on shares of ATS in a research note on Wednesday, January 21st. JPMorgan Chase & Co. raised their target price on ATS from $33.00 to $35.00 and gave the stock a "neutral" rating in a research note on Friday, January 16th. TD Securities restated a "buy" rating on shares of ATS in a research note on Monday, January 26th. Wall Street Zen lowered ATS from a "strong-buy" rating to a "buy" rating in a research note on Sunday, February 15th. Finally, Zacks Research lowered ATS from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 10th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $35.00.
Check Out Our Latest Stock Report on ATS
ATS Price Performance
The stock has a 50 day simple moving average of $30.28 and a two-hundred day simple moving average of $28.31. The firm has a market cap of $3.01 billion, a PE ratio of 204.37 and a beta of 1.16. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.37 and a current ratio of 1.65.
ATS (NYSE:ATS - Get Free Report) last released its quarterly earnings data on Wednesday, February 4th. The company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.04. The business had revenue of $553.81 million during the quarter, compared to analyst estimates of $722.96 million. ATS had a return on equity of 9.67% and a net margin of 0.77%.The company's revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the business posted $0.32 EPS. Sell-side analysts expect that ATS Corporation will post 1.02 earnings per share for the current year.
Hedge Funds Weigh In On ATS
A number of institutional investors have recently modified their holdings of ATS. Bank of Montreal Can raised its stake in shares of ATS by 187.1% during the 4th quarter. Bank of Montreal Can now owns 3,022,693 shares of the company's stock valued at $83,269,000 after buying an additional 1,970,040 shares during the last quarter. EdgePoint Investment Group Inc. raised its stake in shares of ATS by 28.2% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 6,434,005 shares of the company's stock valued at $205,330,000 after buying an additional 1,416,009 shares during the last quarter. Norges Bank purchased a new position in shares of ATS during the 4th quarter valued at about $29,727,000. Alberta Investment Management Corp raised its stake in shares of ATS by 217.5% during the 4th quarter. Alberta Investment Management Corp now owns 1,340,265 shares of the company's stock valued at $36,918,000 after buying an additional 918,100 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in shares of ATS by 8.9% during the 4th quarter. Royal Bank of Canada now owns 7,644,547 shares of the company's stock valued at $210,529,000 after buying an additional 623,369 shares during the last quarter. Hedge funds and other institutional investors own 75.84% of the company's stock.
About ATS
(
Get Free Report)
ATS Corporation NYSE: ATS is a Canada-based global provider of automation and energy solutions. Headquartered in Cambridge, Ontario, the company specializes in the design, engineering and manufacturing of custom automation and test systems, as well as fluid handling and control products. Since its founding in 1978, ATS has focused on delivering integrated hardware and software solutions that help original equipment manufacturers (OEMs) improve efficiency, quality and throughput across a range of industries.
Through its Automation segment, ATS develops bespoke assembly and testing platforms for sectors such as life sciences, consumer electronics, automotive and industrial equipment.
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