TD Securities Bullish on ATS Corp. (ATSAF) After Mixed Q4 Results

On May 29, 2026, TD Securities raised its price target for OTC:ATSAF to C$49 while keeping a Buy rating. ATS Corporation provides automation solutions to businesses in various sectors. At the time of the rating, the stock was priced at $44.25. The company has a market capitalization of approximately $4.06 billion.The analyst's positive view is supported by the company's recent performance. For the full fiscal year 2026, ATSAF reported that both revenue and adjusted earnings from operations increased by about 11%. This reflects what management calls “solid execution.” Fourth-quarter revenues also grew to $747.1 million, a notable increase from $574.2 million in the prior year.However, not all metrics were positive. As highlighted by Zacks, ATSAF's fourth-quarter earnings of $0.26 per share missed the consensus estimate of $0.32. The company also saw an 18% decline in order bookings for the quarter. Management explained this was due to the presence of several large orders in the same period last year.Looking ahead, ATSAF is implementing restructuring actions for fiscal 2027. The new CEO is focused on improving margins, free cash flow generation, and better use of assets. Free cash flow is the cash a company produces after accounting for the money used to maintain or expand its asset base.The company’s Order Backlog, which represents confirmed future revenue, now stands at $1.96 billion. While this is down from $2.14 billion a year ago, the company’s net loss showed significant improvement. The net loss for the quarter was $16.2 million, much smaller than the $68.9 million loss from the previous year.

TD Securities Bullish on ATS Corp. (ATSAF) After Mixed Q4 Results

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