ATS (ATS) Stock Price, News & Analysis

Company Overview

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, the company provides engineering design, prototyping, process verification, specification writing, software and manufacturing process controls development, standard automation products/platforms, equipment design and build, third-party equipment qualification, procurement and integration, automation system installation, product line commissioning, validation, and documentation services. Additionally, it offers value engineering, supply chain management, and integration and manufacturing capabilities, as well as other automation products and solutions; and software and digital solutions comprising connected factory floor management systems to capture, analyze, and use real time machine performance data to troubleshoot, deliver process and product solutions, prevent equipment downtime, drive operational efficiency, and unlock performance for sustainable production improvements. ATS Corporation serves life sciences, transportation and mobility, consumer products, food and beverage, electronics, nuclear, packaging, warehousing and distribution, and energy markets. The company was formerly known as ATS Automation Tooling Systems Inc. and changed its name to ATS Corporation in November 2022. ATS Corporation was founded in 1978 and is headquartered in Cambridge, Canada.

Key Stats

• Today's Range: $29.12 to $29.73
• 50-Day Range: $25.71 to $31.93
• 52-Week Range: $24.82 to $44.70
• Volume: 61,191 shs
• Average Volume: 111,807 shs
• Market Capitalization: $2.90 billion
• P/E Ratio: 30.83
• Dividend Yield: N/A
• Price Target: $30.50
• Consensus Rating: Reduce

ATS Stock Analysis - MarketRank™

ATS scored higher than 19% of companies evaluated by MarketBeat, and ranked 164th out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 0.8 / 5
• Analyst Rating: Reduce

Consensus Rating

ATS has received a consensus rating of Reduce. The company's average rating score is 1.67, and is based on no buy ratings, 2 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

ATS has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 26.06%

Earnings Growth

Earnings for ATS are expected to grow by 26.06% in the coming year, from $1.42 to $1.79 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of ATS is 30.83, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.48.

Price to Earnings Ratio vs. Sector

The P/E ratio of ATS is 30.83, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 22.31.

Price to Book Value per Share Ratio

ATS has a P/B Ratio of 2.35. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

3.22% of the float of ATS has been sold short.

Short Interest Ratio / Days to Cover

ATS has a short interest ratio ("days to cover") of 21.8, which indicates bearish sentiment.

Change versus previous month

Short interest in ATS has recently increased by 9.82%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

ATS does not currently pay a dividend.

Dividend Growth

ATS does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.22% of the float of ATS has been sold short.

Short Interest Ratio / Days to Cover

ATS has a short interest ratio ("days to cover") of 21.8, which indicates bearish sentiment.

Change versus previous month

Short interest in ATS has recently increased by 9.82%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.61

News Sentiment

ATS has a news sentiment score of 0.61. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.76 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for ATS this week, compared to 8 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, ATS insiders have not sold or bought any company stock.

Percentage Held by Institutions

75.84% of the stock of ATS is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ATS Stock Analysis - Frequently Asked Questions

How have ATS shares performed this year?

ATS's stock was trading at $43.07 at the start of the year. Since then, ATS stock has decreased by 31.3% and is now trading at $29.60.
View the best growth stocks for 2024 here.

How were ATS's earnings last quarter?

ATS Co. (NYSE:ATS) issued its quarterly earnings results on Wednesday, February, 7th. The company reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by $0.02. The firm had revenue of $552.45 million for the quarter, compared to analysts' expectations of $536.95 million. ATS had a net margin of 4.56% and a trailing twelve-month return on equity of 12.10%.

When did ATS IPO?

ATS (ATS) raised $246 million in an initial public offering (IPO) on Thursday, May 25th 2023. The company issued 6,000,000 shares at $41.00 per share. Goldman Sachs, J.P.Morgan and TD Securities served as the underwriters for the IPO.

Who are ATS's major shareholders?

Top institutional investors of ATS include The Manufacturers Life Insurance Company (2.86%), Janus Henderson Group PLC (2.12%), FMR LLC (1.67%) and Principal Financial Group Inc. (0.68%).

How do I buy shares of ATS?

Shares of ATS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of ATS own?

Based on aggregate information from My MarketBeat watchlists, some other companies that ATS investors own include Broadcom (AVGO), NVIDIA (NVDA), Arista Networks (ANET), Adobe (ADBE), ServiceNow (NOW), Jabil (JBL) and e.l.f. Beauty (ELF).

Company Calendar

• Last Earnings: 2/07/2024
• Today: 11/21/2024
• Next Earnings (Estimated): 2/05/2025
• Fiscal Year End: 3/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Industrial Products
• Industry: General industrial machinery,
• Sub-Industry: Machinery
• Current Symbol: NYSE:ATS
• CUSIP: N/A
• CIK: 1394832
• Web: atsautomation.com
• Phone: (519) 653-6500
• Fax: N/A
• Employees: 7,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $30.50
• High Stock Price Target: $31.00
• Low Stock Price Target: $30.00
• Potential Upside/Downside: +3.0%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.67
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.96
• Trailing P/E Ratio: 30.83
• Forward P/E Ratio: 20.85
• P/E Growth: N/A
• Net Income: $143.62 million
• Net Margins: 4.56%
• Pretax Margin: 5.75%
• Return on Equity: 12.10%
• Return on Assets: 4.77%

Debt

• Debt-to-Equity Ratio: 1.00
• Current Ratio: 2.08
• Quick Ratio: 1.71

Sales & Book Value

• Annual Sales: $2.85 billion
• Price / Sales: 1.02
• Cash Flow: $2.89 per share
• Price / Cash Flow: 10.25
• Book Value: $12.62 per share
• Price / Book: 2.35

Miscellaneous

• Outstanding Shares: 97,931,000
• Free Float: N/A
• Market Cap: $2.90 billion
• Optionable: Not Optionable
• Beta: 1.05