Scotiabank Analysts Decrease Earnings Estimates for ATS

ATS Co. (TSE:ATS) – Research analysts at Scotiabank cut their FY2027 earnings per share estimates for ATS in a research report issued to clients and investors on Wednesday, February 11th. Scotiabank analyst J. Goldman now expects that the company will earn $2.06 per share for the year, down from their prior forecast of $2.27. Scotiabank currently has a “Outperform” rating and a $48.00 target price on the stock.

A number of other equities analysts also recently issued reports on ATS. National Bank Financial lifted their price target on ATS from C$54.00 to C$57.00 and gave the company an “outperform” rating in a research note on Monday, December 15th. TD Securities lifted their target price on ATS from C$46.00 to C$48.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, ATS currently has a consensus rating of “Buy” and a consensus target price of C$49.60.

ATS Price Performance

Shares of TSE ATS opened at C$41.71 on Thursday. ATS has a 1 year low of C$29.81 and a 1 year high of C$44.46. The stock has a market capitalization of C$4.04 billion, a P/E ratio of 219.53 and a beta of 0.67. The company has a 50-day moving average price of C$39.35 and a 200-day moving average price of C$38.35.

ATS (TSE:ATS) last announced its quarterly earnings results on Wednesday, February 4th. The company reported C$0.48 EPS for the quarter. ATS had a net margin of 3.24% and a return on equity of 5.25%. The business had revenue of C$760.65 million during the quarter.

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.