Analysts Set ATS Corporation (NYSE:ATS) PT at $42.50

Shares of ATS Corporation (NYSE:ATS) have received an average recommendation of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $42.50.

Several analysts have issued reports on the company. Desjardins began coverage on ATS in a report on Tuesday, June 16th. They set a “buy” rating for the company. Scotiabank reaffirmed an “outperform” rating on shares of ATS in a research report on Tuesday, April 28th. Zacks Research lowered shares of ATS from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 9th. Wall Street Zen cut shares of ATS from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, Weiss Ratings raised shares of ATS from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, May 27th.

ATS Stock Down 0.2%

ATS stock opened at $26.44 on Monday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.36 and a current ratio of 1.64. The stock has a market cap of $2.59 billion, a PE ratio of 50.85 and a beta of 1.21. The stock has a fifty day moving average of $28.74 and a 200 day moving average of $30.04. ATS has a one year low of $23.84 and a one year high of $35.82.

ATS (NYSE:ATS) last announced its earnings results on Thursday, May 28th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). The business had revenue of $535.09 million for the quarter, compared to analysts’ expectations of $529.43 million. ATS had a net margin of 2.40% and a return on equity of 9.40%. As a group, sell-side analysts predict that ATS will post 1.36 EPS for the current year.

Institutional Investors Weigh In On ATS

A number of institutional investors have recently bought and sold shares of ATS. Royal Bank of Canada grew its holdings in ATS by 1.5% during the 1st quarter. Royal Bank of Canada now owns 7,761,838 shares of the company’s stock valued at $218,884,000 after buying an additional 117,291 shares in the last quarter. EdgePoint Investment Group Inc. boosted its holdings in shares of ATS by 4.1% during the 1st quarter. EdgePoint Investment Group Inc. now owns 7,168,112 shares of the company’s stock valued at $202,081,000 after purchasing an additional 279,327 shares during the last quarter. Vanguard Group Inc. grew its position in shares of ATS by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 3,397,166 shares of the company’s stock valued at $93,582,000 after purchasing an additional 55,731 shares in the last quarter. Bank of Montreal Can grew its position in shares of ATS by 187.1% during the fourth quarter. Bank of Montreal Can now owns 3,022,693 shares of the company’s stock valued at $83,269,000 after purchasing an additional 1,970,040 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of ATS by 166.5% in the first quarter. Janus Henderson Group PLC now owns 2,297,214 shares of the company’s stock worth $64,544,000 after purchasing an additional 1,435,375 shares during the last quarter. Hedge funds and other institutional investors own 75.84% of the company’s stock.

About ATS

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.