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ATS Corp
Symbol ATS
Shares Issued 97,926,826
Close 2024-10-02 C$ 39.37
Market Cap C$ 3,855,379,140
Recent Sedar Documents

Globe says TD Cowen's Radbourne keeps ATS at "buy"

2024-10-02 07:52 ET - In the News

The Globe and Mail reports in its Wednesday, Oct. 2, edition that TD Cowen analyst Cherilyn Radbourne is maintaining a "buy" recommendation and a $63 share target on ATS. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $57.50. ATS has been added to the firm's "Canada Best Ideas" list. Ms. Radbourne says in a note: "The company leverages its extensive knowledge base/global capabilities to address the sophisticated manufacturing/service needs of multinational customers in attractive markets (life sciences, food and beverage, consumer products, energy, and EVs). We believe that the stock is one of only a few direct plays on the long-term trend toward automation. ... Medium- to long-term, we see ATS as very well positioned to benefit from supply chain derisking, labour cost/availability issues, and automation as an enabler of more sustainable manufacturing operations. We are particularly positive on the company's focus on end markets with high barriers to entry and lower cyclicality (more than 75 per cent of current backlog)." The Globe reported on April 17 and Sept. 25 that Stifel's Justin Keywood rated ATS "buy." It was then worth $41.40 and $39.89.

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