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ATS Corp
Symbol ATS
Shares Issued 97,928,315
Close 2025-01-27 C$ 39.99
Market Cap C$ 3,916,153,317
Recent Sedar Documents

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

2025-01-28 09:11 ET - In the News

The Globe and Mail reports in its Tuesday, Jan. 28, edition that TD Cowen analyst Cherilyn Radbourne has reaffirmed his "buy" recommendation for ATS. The Globe's David Leeder writes that Ms. Radbourne cut his share target by a loonie to $56. Analysts on average target the shares at $49. Ms. Radbourne says in a note: "Investors we speak with largely agree with our positive long-term view of ATS's secular growth prospects, but lean cautiously in the short term. We/the Street expect Q3/F25 EBITDA to be up 10 per cent quarter-over-quarter, which should establish Q2/F25 as a bottom. Bookings could also surprise to the upside for the 4th quarter in a row. That said, we do not expect progress on collecting the $325-million owing from the large EV customer (about $3 per share)." The Globe reported on Sept. 6 that National Bank Financial analyst Maxim Sytchev had reaffirmed his "outperform" call for ATS when it was worth $34.47. The Globe reported on Oct. 2 that Ms. Radbourne was maintaining a "buy" recommendation for ATS. The shares could then be had for $39.37. The Globe reported on Oct. 9 that RBC Capital analyst Sabahat Khan had reaffirmed his "outperform" recommendation for ATS. The shares could then be had for $40.74.

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