ATS (NYSE:ATS) Price Target Cut to $31.00 by Analysts at JPMorgan Chase & Co.

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

Separately, Scotiabank upgraded ATS to a “hold” rating in a research note on Friday, May 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, ATS has a consensus rating of “Hold” and an average target price of $43.33.

ATS Trading Down 1.9 %

Shares of ATS opened at $26.77 on Tuesday. The stock’s 50-day moving average is $31.29 and its two-hundred day moving average is $34.03. The stock has a market cap of $2.62 billion, a PE ratio of 18.34 and a beta of 1.18. ATS has a 12 month low of $26.50 and a 12 month high of $45.38. 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 (NYSE:ATS) last issued its quarterly earnings data on Thursday, May 16th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.07. The company had revenue of $587.12 million for the quarter, compared to analysts’ expectations of $534.08 million. ATS had a return on equity of 15.97% and a net margin of 6.39%. Equities analysts forecast that ATS will post 1.74 earnings per share for the current fiscal year.

Institutional Trading of ATS

Several institutional investors and hedge funds have recently bought and sold shares of the company. Capital International Investors raised its position in shares of ATS by 18.9% during the 1st quarter. Capital International Investors now owns 8,336,811 shares of the company’s stock worth $280,530,000 after purchasing an additional 1,325,247 shares during the period. Capital World Investors boosted its holdings in shares of ATS by 2.4% during the first quarter. Capital World Investors now owns 4,578,084 shares of the company’s stock valued at $154,050,000 after acquiring an additional 107,351 shares during the period. EdgePoint Investment Group Inc. boosted its holdings in shares of ATS by 34.3% during the first quarter. EdgePoint Investment Group Inc. now owns 3,560,512 shares of the company’s stock valued at $119,863,000 after acquiring an additional 909,149 shares during the period. Vanguard Group Inc. boosted its holdings in shares of ATS by 1.1% during the first quarter. Vanguard Group Inc. now owns 2,916,009 shares of the company’s stock valued at $98,328,000 after acquiring an additional 32,123 shares during the period. Finally, ACK Asset Management LLC boosted its holdings in shares of ATS by 6.8% during the fourth quarter. ACK Asset Management LLC now owns 1,304,980 shares of the company’s stock valued at $56,205,000 after acquiring an additional 83,639 shares during the period. Institutional investors and hedge funds own 75.84% of the company’s stock.

ATS Company Profile

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.