ATS (NYSE:ATS) Now Covered by The Goldman Sachs Group

Investment analysts at The Goldman Sachs Group started coverage on shares of ATS (NYSE:ATS) in a note issued to investors on Tuesday, MarketBeat.com reports. The brokerage set a “sell” rating and a $34.00 price target on the stock. The Goldman Sachs Group’s price target suggests a potential downside of 4.95% from the company’s current price.

Other equities research analysts have also issued research reports about the company. TheStreet raised ATS from a “c+” rating to a “b” rating in a research report on Monday, December 11th. JPMorgan Chase & Co. assumed coverage on ATS in a research report on Wednesday, December 20th. They issued a “neutral” rating and a $45.00 price target on the stock.

ATS Stock Up 1.6 %

Shares of ATS opened at $35.77 on Tuesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.41 and a current ratio of 1.70. ATS has a one year low of $33.02 and a one year high of $48.89. The stock has a market capitalization of $3.54 billion and a price-to-earnings ratio of 26.69. The stock has a 50 day moving average price of $39.36 and a 200 day moving average price of $39.81.

ATS (NYSE:ATS) last issued its earnings results on Wednesday, February 7th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.02). ATS had a net margin of 5.89% and a return on equity of 17.56%. The company had revenue of $552.45 million during the quarter, compared to analysts’ expectations of $536.95 million. Equities research analysts forecast that ATS will post 1.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its stake in ATS by 55.0% during the 4th quarter. Van ECK Associates Corp now owns 764 shares of the company’s stock worth $33,000 after buying an additional 271 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in ATS by 4,342.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 844 shares of the company’s stock worth $36,000 after acquiring an additional 825 shares during the period. Osaic Holdings Inc. acquired a new stake in ATS during the 2nd quarter worth approximately $38,000. Lazard Asset Management LLC acquired a new stake in ATS during the 3rd quarter worth approximately $55,000. Finally, Bessemer Group Inc. acquired a new stake in ATS during the 2nd quarter worth approximately $111,000. 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.