Scotiabank Comments on ATS’s FY2027 Earnings (TSE:ATS)

ATS Co. (TSE:ATS) – Analysts at Scotiabank decreased their FY2027 EPS estimates for shares of ATS in a research note issued to investors on Wednesday, August 19th. Scotiabank analyst J. Goldman now anticipates that the company will post earnings per share of $1.38 for the year, down from their prior forecast of $1.89. Scotiabank has a “Sector Outperform” rating and a $51.00 price target on the stock.

ATS (TSE:ATS) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$0.35 EPS for the quarter. The business had revenue of C$698.30 million for the quarter. ATS had a net margin of 1.61% and a return on equity of 2.66%.

A number of other analysts have also recently commented on the company. TD cut ATS from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$49.00 to C$33.00 in a research report on Monday, August 10th. Royal Bank Of Canada lowered their price objective on ATS from C$50.00 to C$41.00 in a research note on Monday, August 10th. Stifel Nicolaus lowered their price objective on ATS from C$52.00 to C$44.00 and set a “buy” rating for the company in a research note on Friday, August 7th. National Bank Financial dropped their target price on ATS from C$57.00 to C$42.00 and set an “outperform” rating on the stock in a report on Friday, August 7th. Finally, TD Securities cut ATS from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$42.25.

ATS Stock Performance

Shares of TSE ATS opened at C$27.25 on Monday. The company has a 50 day simple moving average of C$35.76 and a two-hundred day simple moving average of C$40.17. ATS has a fifty-two week low of C$26.39 and a fifty-two week high of C$49.48. The company has a market capitalization of C$2.67 billion, a price-to-earnings ratio of 56.77 and a beta of 1.20.

Insider Activity

In other ATS news, insider Giuseppe (Joe) Tassone sold 4,842 shares of ATS stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of C$41.55, for a total value of C$201,185.10. Following the completion of the sale, the insider owned 7,026 shares of the company’s stock, valued at approximately C$291,930.30. The trade was a 40.80% decrease in their position. Also, insider Miroslav Kafedzhiev bought 4,737 shares of the firm’s stock in a transaction on Tuesday, July 7th. The shares were bought at an average price of C$39.12 per share, with a total value of C$185,311.44. Following the completion of the purchase, the insider owned 4,737 shares in the company, valued at approximately C$185,311.44. The trade was a ∞ increase in their position. Over the last 90 days, insiders have bought 7,311 shares of company stock worth $358,222. 0.97% of the stock is owned by corporate insiders.

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.