ATS Corporation (NYSE:ATS) Stock Has Consensus Target Price of $42.50

ATS Corporation (NYSE:ATS) has received a consensus recommendation of “Hold” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $42.50.

A number of equities analysts recently commented on ATS shares. Wall Street Zen cut ATS from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Desjardins began coverage on ATS in a report on Tuesday, June 16th. They set a “buy” rating for the company. TD Securities cut ATS from a “buy” rating to a “hold” rating in a research report on Monday, August 10th. Finally, Weiss Ratings downgraded ATS from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, September 25th.

Hedge Funds Weigh In On ATS

Several large investors have recently made changes to their positions in ATS. Apella Capital LLC purchased a new position in ATS in the 3rd quarter worth approximately $325,000. Engineers Gate Manager LP grew its stake in ATS by 140.3% during the second quarter. Engineers Gate Manager LP now owns 31,363 shares of the company’s stock valued at $903,000 after acquiring an additional 18,311 shares in the last quarter. Squarepoint Ops LLC bought a new stake in ATS in the 2nd quarter valued at $713,000. TD Waterhouse Canada Inc. increased its holdings in ATS by 3.0% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,683,683 shares of the company’s stock valued at $47,431,000 after acquiring an additional 49,234 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in ATS in the 2nd quarter worth $1,001,000. 75.84% of the stock is currently owned by hedge funds and other institutional investors.

ATS Price Performance

Shares of NYSE:ATS opened at $17.68 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.33 and a current ratio of 1.63. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 51.99 and a beta of 1.18. The business has a 50-day simple moving average of $19.75 and a two-hundred day simple moving average of $26.25. ATS has a fifty-two week low of $17.32 and a fifty-two week high of $35.82.

ATS (NYSE:ATS) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). ATS had a net margin of 1.60% and a return on equity of 8.96%. The company had revenue of $488.38 million for the quarter, compared to analysts’ expectations of $509.71 million. During the same period in the previous year, the business earned $0.41 EPS. The business’s revenue was down 5.8% compared to the same quarter last year. On average, analysts expect that ATS will post 1.12 earnings per share for the current year.

About ATS

ATS Corporation, also known as ATS Automation Tooling Systems, is an industrial automation company that designs, builds and services automated manufacturing and assembly systems. Its solutions combine robotics, precision machinery, controls, software, machine vision and other technologies to help manufacturers improve production efficiency, quality and repeatability.

The company provides custom automation equipment, standardized automation products, production systems, packaging and material-handling solutions, and related aftermarket services.