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

ATS Corporation (NYSE:ATS) has earned an average rating of “Hold” from the seven analysts that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $42.50.

Several research firms recently commented on ATS. Wall Street Zen cut shares of ATS from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Desjardins started coverage on shares of ATS in a report on Tuesday, June 16th. They set a “buy” rating on the stock. TD Securities lowered shares of ATS from a “buy” rating to a “hold” rating in a research report on Monday, August 10th. Weiss Ratings cut shares of ATS from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, September 25th. Finally, Zacks Research downgraded shares of ATS from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 9th.

ATS Stock Performance

ATS opened at $18.53 on Friday. 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’s 50 day moving average price is $20.47 and its two-hundred day moving average price is $26.58. The firm has a market capitalization of $1.80 billion, a P/E ratio of 54.50 and a beta of 1.18. ATS has a 12-month low of $17.77 and a 12-month high of $35.82.

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

Institutional Investors Weigh In On ATS

A number of hedge funds have recently made changes to their positions in the company. Royal Bank of Canada increased its holdings in shares of ATS by 1.5% during the first quarter. Royal Bank of Canada now owns 7,761,838 shares of the company’s stock worth $218,884,000 after buying an additional 117,291 shares in the last quarter. EdgePoint Investment Group Inc. raised its stake in shares of ATS by 4.1% in the first quarter. EdgePoint Investment Group Inc. now owns 7,168,112 shares of the company’s stock worth $202,081,000 after acquiring an additional 279,327 shares during the last quarter. Jupiter Topco LLC bought a new position in shares of ATS in the second quarter worth about $66,908,000. Janus Henderson Group PLC lifted its position in shares of ATS by 166.5% during the first quarter. Janus Henderson Group PLC now owns 2,297,214 shares of the company’s stock worth $64,544,000 after purchasing an additional 1,435,375 shares in the last quarter. Finally, Hill City Capital LP acquired a new position in shares of ATS during the second quarter worth approximately $47,483,000. Institutional investors and hedge funds own 75.84% of the company’s stock.

ATS Company Profile

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.