ATS (NYSE:ATS) Stock Rating Upgraded by Zacks Research

Key Points

• ATS has been upgraded by Zacks Research from a "strong sell" rating to a "hold" rating, reflecting a more optimistic stance from analysts.
• Despite the upgrade from Zacks, Weiss Ratings maintained a "sell (d)" rating on ATS, indicating mixed sentiments among different brokerages regarding the stock's performance.
• ATS reported a quarterly EPS of $0.30, exceeding analysts' estimates, but revenue fell short of expectations, highlighting ongoing challenges for the company.

ATS (NYSE:ATS - Get Free Report) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other brokerages have also commented on ATS. Weiss Ratings reissued a "sell (d)" rating on shares of ATS in a research report on Wednesday, October 8th. Wall Street Zen raised ATS from a "sell" rating to a "hold" rating in a research report on Saturday, July 5th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Reduce".

ATS Stock Performance

Shares of ATS stock opened at $26.34 on Tuesday. The stock has a fifty day moving average of $27.24 and a 200 day moving average of $27.88. ATS has a 52 week low of $20.90 and a 52 week high of $33.13. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of -97.54 and a beta of 1.24. The company has a quick ratio of 1.32, a current ratio of 1.62 and a debt-to-equity ratio of 0.87.

ATS (NYSE:ATS - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.03. ATS had a positive return on equity of 7.79% and a negative net margin of 1.44%.The company had revenue of $541.11 million during the quarter, compared to analyst estimates of $712.16 million. During the same quarter last year, the firm posted $0.50 earnings per share. The firm's revenue was up 6.1% on a year-over-year basis. ATS has set its Q2 2026 guidance at EPS. As a group, research analysts expect that ATS will post 1.02 earnings per share for the current year.

Hedge Funds Weigh In On ATS

Several large investors have recently modified their holdings of the stock. SkyView Investment Advisors LLC purchased a new position in shares of ATS in the 2nd quarter worth about $237,000. Ewing Morris & Co. Investment Partners Ltd. raised its position in shares of ATS by 11.7% in the 2nd quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 31,600 shares of the company's stock worth $1,006,000 after purchasing an additional 3,320 shares during the last quarter. EdgePoint Investment Group Inc. raised its position in shares of ATS by 28.2% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 6,434,005 shares of the company's stock worth $205,330,000 after purchasing an additional 1,416,009 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of ATS by 7.8% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 50,516 shares of the company's stock worth $1,612,000 after purchasing an additional 3,645 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of ATS in the 2nd quarter worth about $43,000. Hedge funds and other institutional investors own 75.84% of the company's stock.

ATS Company Profile

ATS Corporation, together with its subsidiaries, provides automation solutions worldwide. The company is also involved in planning, designing, building, commissioning, and servicing automated manufacturing and assembly systems, including automation products and test solutions. In addition, it offers pre-automation services comprising discovery and analysis, concept development, simulation, and total cost of ownership modelling; post automation services, including training, process optimization, preventative maintenance, emergency and on-call support, spare parts, retooling, retrofits, and equipment relocation; and contract manufacturing services, as well as after sales and services.

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