Brokers Issue Forecasts for ATS's FY2027 Earnings (TSE:ATS)

Key Points

• Scotiabank lowered ATS’s FY2027 EPS forecast to C$1.38 from C$1.89, while maintaining a “Sector Outperform” rating and a C$51 price target.
• Analyst sentiment remains positive but has weakened: ATS has a consensus “Moderate Buy” rating from six Buy and two Hold ratings, with an average price target of C$42.25 after several target cuts and TD downgrades.
• ATS reported quarterly EPS of C$0.35 on C$698.3 million in revenue. Its shares opened at C$27.20, near the 52-week low of C$26.54, while insiders have been net buyers over the past 90 days.

ATS Co. (TSE:ATS - Free Report) - Analysts at Scotiabank cut their FY2027 earnings estimates for shares of ATS in a research report issued on Wednesday, August 19th. Scotiabank analyst J. Goldman now expects that the company will earn $1.38 per share for the year, down from their previous estimate of $1.89. Scotiabank has a "Sector Outperform" rating and a $51.00 price target on the stock.

ATS (TSE:ATS - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported C$0.35 earnings per share (EPS) for the quarter. The business had revenue of C$698.30 million during the quarter. ATS had a net margin of 1.61% and a return on equity of 2.66%.

A number of other equities analysts have also weighed in on ATS. Raymond James Financial decreased their price objective on shares of ATS from C$46.00 to C$33.00 and set an "outperform" rating for the company in a report on Friday, August 7th. TD Securities cut ATS from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 10th. Stifel Nicolaus dropped their price objective on ATS from C$52.00 to C$44.00 and set a "buy" rating on the stock in a research report on Friday, August 7th. TD downgraded ATS from a "buy" rating to a "hold" rating and reduced their price objective for the stock from C$49.00 to C$33.00 in a report on Monday, August 10th. Finally, Royal Bank Of Canada decreased their target price on ATS from C$50.00 to C$41.00 in a research report 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 company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$42.25.

ATS Price Performance

TSE:ATS opened at C$27.20 on Monday. The stock has a market cap of C$2.67 billion, a price-to-earnings ratio of 56.67 and a beta of 1.20. The company's 50 day moving average price is C$36.26 and its 200-day moving average price is C$40.36. ATS has a 52 week low of C$26.54 and a 52 week high of C$49.48.

Insider Transactions at ATS

In related news, insider Giuseppe (Joe) Tassone sold 4,842 shares of the business's 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 transaction of C$201,185.10. Following the completion of the sale, the insider directly owned 7,026 shares in the company, valued at approximately C$291,930.30. The trade was a 40.80% decrease in their ownership of the stock. Also, insider Jeff Adamson bought 953 shares of ATS stock in a transaction on Tuesday, July 7th. The shares were acquired at an average cost of C$39.12 per share, with a total value of C$37,281.36. Following the completion of the acquisition, the insider owned 6,199 shares of the company's stock, valued at C$242,504.88. The trade was a 18.17% increase in their position. Over the last ninety days, insiders have purchased 7,311 shares of company stock worth $358,222. 0.97% of the stock is currently owned by corporate insiders.

About ATS

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.

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