Scotiabank Has Bearish Estimate for ATS FY2027 Earnings

ATS Co. (TSE:ATS) – Investment analysts at Scotiabank reduced their FY2027 earnings estimates for ATS in a note issued to investors on Wednesday, February 11th. Scotiabank analyst J. Goldman now forecasts that the company will post earnings of $2.06 per share for the year, down from their prior forecast of $2.27. Scotiabank has a “Outperform” rating and a $48.00 price objective on the stock.

ATS has been the topic of several other research reports. National Bank Financial increased their target price on ATS from C$54.00 to C$57.00 and gave the stock an “outperform” rating in a report on Monday, December 15th. TD Securities upped their price target on shares of ATS from C$46.00 to C$48.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, ATS presently has an average rating of “Buy” and a consensus price target of C$49.60.

ATS Price Performance

TSE ATS opened at C$41.94 on Thursday. The stock’s 50 day simple moving average is C$39.45 and its 200 day simple moving average is C$38.38. ATS has a one year low of C$29.81 and a one year high of C$44.46. The firm has a market cap of C$4.07 billion, a PE ratio of 220.74 and a beta of 0.67.

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

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.