Scotiabank cuts ATS stock target to CAD 29.00

Published on 10/17/2026 at 19:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ATS revenue fell 5.20 percent to CAD 698.0 million in fiscal 2027. ATS stock closed at CAD 25.78 on October 16, 2026, up 0.39 percent on TSX.

Analyst target and results

Scotiabank lowered its ATS target to CAD 29.00 from CAD 31.00 on October 15, 2026.
ATS adjusted revenue fell 5.20 percent to CAD 698.0 million in the first quarter of fiscal 2027.
ATS stock closed at CAD 25.78 on October 16, 2026, up 0.39 percent on the TSX versus the prior close.
ATS is scheduled to report its next results on November 4, 2026.

ATS, CA00217Y1043, Illustration mit AI erstellt.

Scotiabank lowered its ATS price target to CAD 29.00 from CAD 31.00 on October 15, 2026, according to The Globe and Mail. The new target stands 12.49 percent above ATS stock's CAD 25.78 closing price on October 16, 2026. The stock rose 0.39 percent on the TSX versus the prior close.

Revenue fell in fiscal 2027

ATS reported adjusted revenue of CAD 698.0 million for the first quarter of fiscal 2027, down 5.20 percent from the prior-year period, according to Benzinga. Adjusted earnings from operations fell 13.40 percent to CAD 68.1 million, while order bookings declined 5.30 percent to CAD 656.0 million. The company also reported an order backlog of CAD 1.9 billion.

Price position and range

ATS closed at CAD 25.78 on October 16, 2026. Its 52-week range was CAD 24.40 to CAD 49.48, putting the close 47.91 percent below the high and 5.66 percent above the low. Trading volume was 388,717 shares against an average of 436,577 shares.

The valuation remains a central market reference. ATS had a market capitalization of CAD 2.5 billion and a price-to-earnings ratio of 54.06 as of October 16, 2026. Its trailing valuation was higher than the 20.00 median cited for a peer group in the same market review.

Valuation and next results

ATS is scheduled to report its next results on November 4, 2026, according to MetaCap. The market is therefore balancing a lower latest revenue base against the company's stated cost-transformation plans and the analyst target reset. ATS operates in industrial automation and is listed on the TSX and NYSE.

Comparison with peers

ATS: plus 0.39 percent, P/E 54.06, market capitalization CAD 2.5 billion
Rockwell Automation (NYSE, USD): plus 1.00 percent, P/E 40.06, market capitalization USD 47.4 billion
Cognex (Nasdaq, USD): minus 3.02 percent, P/E 52.42, market capitalization USD 9.1 billion

What comes next

The November 4 reporting date is the next defined checkpoint for ATS. The latest quarterly figures give investors a concrete test for whether revenue and operating earnings can recover from the first-quarter declines.

ATS stock last stood at CAD 25.78 on the TSX on October 16, 2026, up 0.39 percent from the prior close of October 15, 2026.