ATS (NYSE:ATS) PT Lowered to $31.00 at JPMorgan Chase & Co.

ATS (NYSE:ATS) had its price objective cut by investment analysts at JPMorgan Chase & Co. from $36.00 to $31.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 15.80% from the stock’s previous close.

Separately, Scotiabank raised shares of ATS to a “hold” rating in a research note on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $43.33.

ATS Trading Down 1.9 %

ATS opened at $26.77 on Tuesday. The company’s 50 day moving average price is $31.29 and its two-hundred day moving average price is $34.03. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.70 and a quick ratio of 1.42. ATS has a fifty-two week low of $26.50 and a fifty-two week high of $45.38. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 18.34 and a beta of 1.18.

ATS (NYSE:ATS) last posted its quarterly earnings data on Thursday, May 16th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.07. ATS had a net margin of 6.39% and a return on equity of 15.97%. The company had revenue of $587.12 million for the quarter, compared to analyst estimates of $534.08 million. As a group, research analysts predict that ATS will post 1.74 earnings per share for the current year.

Institutional Investors Weigh In On ATS

A number of institutional investors and hedge funds have recently bought and sold shares of ATS. Capital International Investors raised its stake in shares of ATS by 18.9% during the first quarter. Capital International Investors now owns 8,336,811 shares of the company’s stock worth $280,530,000 after acquiring an additional 1,325,247 shares in the last quarter. Norges Bank bought a new position in shares of ATS in the fourth quarter worth approximately $40,685,000. EdgePoint Investment Group Inc. grew its holdings in shares of ATS by 34.3% in the first quarter. EdgePoint Investment Group Inc. now owns 3,560,512 shares of the company’s stock worth $119,863,000 after purchasing an additional 909,149 shares during the last quarter. Capital World Investors grew its holdings in shares of ATS by 8.8% in the fourth quarter. Capital World Investors now owns 4,470,733 shares of the company’s stock worth $192,690,000 after purchasing an additional 360,719 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of ATS in the second quarter worth approximately $11,602,000. 75.84% of the stock is owned by hedge funds and other institutional investors.

About ATS

ATS Corporation, together with its subsidiaries, provides automation solutions worldwide. The company is also involved in planning, designing, building, commissioning, and servicing automated manufacturing and assembly systems, including automation products and test solutions. In addition, it offers pre-automation services comprising discovery and analysis, concept development, simulation, and total cost of ownership modelling; post automation services, including training, process optimization, preventative maintenance, emergency and on-call support, spare parts, retooling, retrofits, and equipment relocation; and contract manufacturing services, as well as after sales and services.