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An announcement from ATS Corporation ( (TSE:ATS) ) is now available.
ATS Corporation has appointed Doug Wright as its new Chief Executive Officer, effective on or before January 14, 2026. Wright, who has extensive leadership experience in the industrial solutions sector, is expected to drive growth and operational excellence at ATS. His previous roles include CEO positions at Indicor and Source Photonics, as well as leadership roles at Honeywell International and United Technologies Corporation. The appointment follows a comprehensive search by ATS’ Board of Directors, and Wright’s customer-centric approach and commitment to continuous improvement align with ATS’s long-term goals. Ryan McLeod will continue as interim CEO until Wright’s arrival, after which he will resume his role as Chief Financial Officer.
The most recent analyst rating on (TSE:ATS) stock is a Hold with a C$41.00 price target. To see the full list of analyst forecasts on ATS Corporation stock, see the TSE:ATS Stock Forecast page.
Spark’s Take on TSE:ATS Stock
According to Spark, TipRanks’ AI Analyst, TSE:ATS is a Neutral.
ATS Corporation’s overall stock score reflects strong revenue growth and cash flow generation, as highlighted in the earnings call, which are significant positives. However, profitability challenges, as indicated by the negative P/E ratio and net profit margin, weigh heavily on the score. Technical indicators suggest potential resistance, and while corporate events provide positive visibility, they are less impactful on the overall score.
To see Spark’s full report on TSE:ATS stock, click here.
More about ATS Corporation
ATS Corporation is a leading provider of automation solutions, serving multinational customers in industries such as life sciences, transportation, food & beverage, consumer products, and energy. With a strong global presence, ATS offers custom and repeat automation, automation products, and value-added services, employing approximately 7,500 people across more than 65 manufacturing facilities and over 85 offices worldwide. The company’s shares are traded on the Toronto Stock Exchange and the NYSE under the symbol ATS.
Average Trading Volume: 169,627
Technical Sentiment Signal: Hold
Current Market Cap: C$3.71B
For detailed information about ATS stock, go to TipRanks’ Stock Analysis page.