Brokerages Set ATS Corporation (NYSE:ATS) PT at $35.00

ATS Corporation (NYSE:ATS) has received a consensus rating of “Hold” from the five research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $35.00.

A number of equities analysts have issued reports on ATS shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of ATS in a report on Wednesday, January 21st. JPMorgan Chase & Co. lifted their price objective on shares of ATS from $33.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, January 16th. Wall Street Zen cut ATS from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 15th. Zacks Research cut ATS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Finally, TD Securities reiterated a “buy” rating on shares of ATS in a research note on Monday, January 26th.

ATS Price Performance

ATS opened at $32.70 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.65 and a quick ratio of 1.37. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 218.01 and a beta of 1.16. The firm’s fifty day moving average price is $30.57 and its two-hundred day moving average price is $28.51. ATS has a 1 year low of $23.11 and a 1 year high of $33.26.

ATS (NYSE:ATS) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The firm had revenue of $553.81 million for the quarter, compared to the consensus estimate of $722.96 million. ATS had a net margin of 0.77% and a return on equity of 9.67%. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.32 EPS. As a group, analysts anticipate that ATS will post 1.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ATS

A number of hedge funds have recently made changes to their positions in ATS. Smartleaf Asset Management LLC bought a new stake in shares of ATS during the 4th quarter worth $29,000. Quarry LP bought a new stake in shares of ATS during the 3rd quarter worth $32,000. Raymond James Financial Inc. bought a new stake in shares of ATS during the 2nd quarter worth $43,000. State of Wyoming bought a new stake in shares of ATS during the 3rd quarter worth $112,000. Finally, Barclays PLC raised its stake in shares of ATS by 16.8% during the 4th quarter. Barclays PLC now owns 5,264 shares of the company’s stock worth $145,000 after purchasing an additional 756 shares during the period. 75.84% of the stock is currently owned by institutional investors.

ATS Company Profile

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.