ATS Co. (NYSE:ATS - Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $30.99, but opened at $32.18. ATS shares last traded at $32.38, with a volume of 14,757 shares trading hands.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on ATS. JPMorgan Chase & Co. cut their price target on shares of ATS from $36.00 to $31.00 and set a "neutral" rating for the company in a report on Tuesday, August 13th. The Goldman Sachs Group cut their price target on shares of ATS from $34.00 to $30.00 and set a "sell" rating for the company in a report on Tuesday, August 13th.
Check Out Our Latest Stock Analysis on ATS
ATS Price Performance
The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.71 and a current ratio of 2.08. The company's fifty day simple moving average is $29.99 and its two-hundred day simple moving average is $30.04. The stock has a market capitalization of $3.20 billion, a PE ratio of 34.05 and a beta of 1.05.
Hedge Funds Weigh In On ATS
Hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp increased its holdings in ATS by 91.5% during the 2nd quarter. Van ECK Associates Corp now owns 3,294 shares of the company's stock valued at $106,000 after acquiring an additional 1,574 shares in the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of ATS during the second quarter worth about $286,000. Franklin Resources Inc. grew its holdings in shares of ATS by 125.0% during the third quarter. Franklin Resources Inc. now owns 14,132 shares of the company's stock worth $431,000 after buying an additional 7,850 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of ATS by 4.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,457 shares of the company's stock worth $565,000 after buying an additional 804 shares in the last quarter. Finally, Barclays PLC purchased a new stake in shares of ATS during the third quarter worth about $510,000. 75.84% of the stock is currently owned by hedge funds and other institutional investors.
About ATS
(
Get Free Report)
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.
Further Reading
Before you consider ATS, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ATS wasn't on the list.
While ATS currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
