ATS Corporation (NYSE:ATS – Free Report) – Research analysts at Scotiabank dropped their FY2027 earnings estimates for shares of ATS in a report issued on Wednesday, August 19th. Scotiabank analyst J. Goldman now anticipates that the company will post earnings per share of $1.00 for the year, down from their prior forecast of $1.34. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for ATS’s current full-year earnings is $1.12 per share.
Several other equities analysts have also commented on the company. TD Securities lowered ATS from a “buy” rating to a “hold” rating in a research note on Monday, August 10th. Desjardins initiated coverage on ATS in a research report on Tuesday, June 16th. They set a “buy” rating for the company. Weiss Ratings upgraded shares of ATS from a “sell (d)” rating to a “hold (c-)” rating in a report on Thursday, August 20th. Zacks Research cut shares of ATS from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 9th. Finally, Royal Bank Of Canada lowered their target price on shares of ATS from $51.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, May 29th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $42.50.
ATS Price Performance
ATS stock opened at $19.72 on Monday. ATS has a 52-week low of $19.05 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 stock has a market cap of $1.93 billion, a price-to-earnings ratio of 57.99 and a beta of 1.22. The business has a fifty day moving average of $25.41 and a two-hundred day moving average of $29.02.
ATS (NYSE:ATS – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). The business had revenue of $488.38 million during the quarter, compared to analyst estimates of $509.71 million. ATS had a net margin of 1.60% and a return on equity of 8.96%. The company’s revenue was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.41 earnings per share.
Institutional Trading of ATS
A number of large investors have recently modified their holdings of ATS. Amundi boosted its holdings in ATS by 5.4% in the first quarter. Amundi now owns 30,538 shares of the company’s stock valued at $770,000 after purchasing an additional 1,562 shares during the period. Goldman Sachs Group Inc. raised its position in ATS by 79.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 434,044 shares of the company’s stock valued at $10,821,000 after purchasing an additional 191,842 shares in the last quarter. Jane Street Group LLC raised its position in ATS by 29.7% in the 1st quarter. Jane Street Group LLC now owns 42,085 shares of the company’s stock valued at $1,049,000 after purchasing an additional 9,636 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of ATS by 2.9% in the 2nd quarter. First Trust Advisors LP now owns 120,088 shares of the company’s stock valued at $3,830,000 after buying an additional 3,382 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of ATS in the 2nd quarter valued at about $43,000. Hedge funds and other institutional investors own 75.84% of the company’s stock.
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.
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