ATS Corporation (NYSE:ATS) Given Consensus Recommendation of “Hold” by Brokerages

Shares of ATS Corporation (NYSE:ATS – Get Free Report) have received a consensus recommendation of “Hold” from the seven research firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $42.50.

A number of equities analysts have recently issued reports on the stock. Desjardins began coverage on shares of ATS in a research note on Tuesday, June 16th. They issued a “buy” rating for the company. Zacks Research lowered shares of ATS from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 9th. Weiss Ratings raised shares of ATS from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, May 27th. Royal Bank Of Canada dropped their price target on shares of ATS from $51.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, May 29th. Finally, Scotiabank restated an “outperform” rating on shares of ATS in a research note on Tuesday, April 28th.

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Hedge Funds Weigh In On ATS

A number of hedge funds have recently modified their holdings of ATS. Bank of Montreal Can lifted its holdings in ATS by 187.1% during the 4th 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 during the last quarter. Janus Henderson Group PLC boosted its position in ATS by 166.5% in the first quarter. Janus Henderson Group PLC now owns 2,297,214 shares of the company’s stock valued at $64,544,000 after buying an additional 1,435,375 shares in the last quarter. Norges Bank bought a new stake in ATS during the fourth quarter worth about $29,727,000. Alberta Investment Management Corp grew its stake in ATS by 217.5% during the fourth quarter. Alberta Investment Management Corp now owns 1,340,265 shares of the company’s stock worth $36,918,000 after buying an additional 918,100 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of ATS by 8.9% during the fourth quarter. Royal Bank of Canada now owns 7,644,547 shares of the company’s stock worth $210,529,000 after buying an additional 623,369 shares in the last quarter. 75.84% of the stock is owned by institutional investors and hedge funds.

ATS Stock Performance

ATS opened at $26.44 on Monday. The stock’s 50 day simple moving average is $28.74 and its 200-day simple moving average is $30.05. The company has a current ratio of 1.64, a quick ratio of 1.36 and a debt-to-equity ratio of 0.78. The stock has a market cap of $2.59 billion, a PE ratio of 50.85 and a beta of 1.21. ATS has a 1 year low of $23.84 and a 1 year high of $35.82.

ATS (NYSE:ATS – Get Free Report) last issued its earnings results on Thursday, May 28th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.06). ATS had a return on equity of 9.40% and a net margin of 2.40%.The firm had revenue of $535.09 million during the quarter, compared to the consensus estimate of $529.43 million. Sell-side analysts forecast that ATS will post 1.36 EPS for the current year.

About ATS

(Get Free Report)

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.

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