Scotiabank Has Pessimistic View of ATS FY2027 Earnings

ATS Co. (TSE:ATS) – Investment analysts at Scotiabank cut their FY2027 earnings per share (EPS) estimates for shares of ATS in a research note issued on Friday, May 29th. Scotiabank analyst J. Goldman now forecasts that the company will earn $1.97 per share for the year, down from their prior forecast of $1.99. Scotiabank has a “Sector Outperform” rating and a $51.00 price objective on the stock.

ATS (TSE:ATS) last posted its quarterly earnings results on Thursday, May 28th. The company reported C$0.36 earnings per share for the quarter. The company had revenue of C$744.30 million during the quarter. ATS had a return on equity of 4.08% and a net margin of 2.41%.

Several other research analysts also recently commented on the company. Royal Bank Of Canada cut their target price on ATS from C$51.00 to C$50.00 and set an “outperform” rating for the company in a research note on Friday. TD raised their price target on ATS from C$48.00 to C$49.00 and gave the company a “buy” rating in a report on Friday. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, ATS has a consensus rating of “Buy” and an average price target of C$50.17.

ATS Price Performance

Shares of TSE ATS opened at C$42.63 on Monday. ATS has a 52 week low of C$33.72 and a 52 week high of C$49.48. The business has a 50-day simple moving average of C$43.60 and a two-hundred day simple moving average of C$40.98. The company has a market cap of C$4.14 billion, a P/E ratio of 58.40 and a beta of 0.97.

Insider Buying and Selling at ATS

In other news, insider Doug Wright acquired 8,600 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were bought at an average cost of C$40.20 per share, with a total value of C$345,720.00. Following the acquisition, the insider owned 8,600 shares in the company, valued at approximately C$345,720. This represents a ∞ increase in their position. Corporate insiders own 0.97% of the company’s stock.

ATS Company Profile

ATS Corp formerly, ATS Automation Tooling Systems Inc is a Canada-based company that provides automation systems. The company designs and builds customized automated manufacturing and testing systems for customers, and provides pre- and post-automation services. The company’s products comprise conveyor systems, automated electrified monorails, tray handlers, laser systems, and other hardware and software products. The company also provides pre-automation solutions, including strategic direction and planning services, as well as aftermarket support.