Brokerages Set ATS Corporation (NYSE:ATS) Target Price at $42.50

Shares of ATS Corporation (NYSE:ATS – Get Free Report) have received an average rating of “Hold” from the seven research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $42.50.

Several analysts have recently issued reports on ATS shares. Wall Street Zen cut shares of ATS from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Royal Bank Of Canada dropped their price objective on shares of ATS from $51.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, May 29th. Weiss Ratings raised shares of ATS from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, August 20th. Zacks Research lowered shares of ATS from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 9th. Finally, Desjardins initiated coverage on shares of ATS in a research report on Tuesday, June 16th. They issued a “buy” rating for the company.

Get ATS alerts:

Read Our Latest Analysis on ATS

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Amundi increased its holdings in ATS by 5.4% during the 1st quarter. Amundi now owns 30,538 shares of the company’s stock worth $770,000 after purchasing an additional 1,562 shares during the period. Goldman Sachs Group Inc. raised its holdings in ATS by 79.2% in the first quarter. Goldman Sachs Group Inc. now owns 434,044 shares of the company’s stock valued at $10,821,000 after acquiring an additional 191,842 shares in the last quarter. Jane Street Group LLC lifted its stake in ATS by 29.7% in the first quarter. Jane Street Group LLC now owns 42,085 shares of the company’s stock worth $1,049,000 after acquiring an additional 9,636 shares during the last quarter. First Trust Advisors LP lifted its stake in ATS by 2.9% in the second quarter. First Trust Advisors LP now owns 120,088 shares of the company’s stock worth $3,830,000 after acquiring an additional 3,382 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in ATS during the 2nd quarter worth approximately $43,000. 75.84% of the stock is currently owned by hedge funds and other institutional investors.

ATS Trading Up 0.6%

ATS opened at $19.14 on Tuesday. ATS has a 52 week low of $18.41 and a 52 week high of $35.82. The company has a quick ratio of 1.33, a current ratio of 1.63 and a debt-to-equity ratio of 0.75. The business has a fifty day simple moving average of $23.15 and a 200-day simple moving average of $27.96. The firm has a market cap of $1.88 billion, a P/E ratio of 56.29 and a beta of 1.17.

ATS (NYSE:ATS – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.03). ATS had a net margin of 1.60% and a return on equity of 8.96%. The firm had revenue of $488.38 million during the quarter, compared to analysts’ expectations of $509.71 million. During the same quarter in the prior year, the firm posted $0.41 EPS. ATS’s quarterly revenue was down 5.8% compared to the same quarter last year. On average, equities analysts expect that ATS will post 1.12 earnings per share for the current year.

About ATS

(Get Free Report)

ATS Corporation (NYSE: ATS) is a Canadian automation and technology company that designs, builds and services customized manufacturing systems. The company helps manufacturers automate production, assembly, testing, inspection, packaging and material-handling processes, with solutions tailored to complex and high-volume applications.

ATS serves a range of industries, including life sciences, pharmaceuticals, medical devices, transportation, electric vehicles, energy, consumer products and industrial manufacturing.

Further Reading

• Five stocks we like better than ATS
• Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy?
• Optical Cable Corporation Is Starting to Get the Market’s Attention
• Oil Above $100 Is Creating a New Opportunity Beyond the Major Producers
• Is Nike’s Index Demotion a Warning or a Buying Opportunity?

Receive News & Ratings for ATS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ATS and related companies with MarketBeat.com's FREE daily email newsletter.