ATS Automation Tooling Systems (TSE:ATA) PT Raised to C$35.50 at Scotiabank


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ATS Automation Tooling Systems (TSE:ATA) had its price target raised by investment analysts at Scotiabank from C$35.00 to C$35.50 in a research note issued on Thursday, BayStreet.CA reports. Scotiabank’s price target indicates a potential upside of 23.09% from the stock’s current price.

ATA has been the topic of a number of other research reports. TD Securities lifted their price objective on shares of ATS Automation Tooling Systems from C$31.00 to C$33.00 and gave the company a “buy” rating in a research note on Thursday, February 4th. Royal Bank of Canada lifted their price objective on shares of ATS Automation Tooling Systems from C$25.00 to C$28.00 and gave the company a “sector perform” rating in a research note on Thursday, February 4th. Finally, National Bank Financial lifted their price objective on shares of ATS Automation Tooling Systems from C$28.00 to C$30.00 and gave the company an “outperform” rating in a research note on Thursday, February 4th.

TSE ATA opened at C$28.84 on Thursday. ATS Automation Tooling Systems has a one year low of C$16.28 and a one year high of C$29.89. The company’s 50 day moving average price is C$27.43 and its 200 day moving average price is C$23.17. The company has a debt-to-equity ratio of 43.02, a quick ratio of 1.45 and a current ratio of 1.64. The firm has a market capitalization of C$2.65 billion and a price-to-earnings ratio of 49.81.

ATS Automation Tooling Systems (TSE:ATA) last posted its quarterly earnings results on Wednesday, February 3rd. The company reported C$0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.23 by C$0.07. The business had revenue of C$369.70 million during the quarter, compared to analysts’ expectations of C$356.50 million. Sell-side analysts forecast that ATS Automation Tooling Systems will post 1.4616529 EPS for the current fiscal year.

In related news, Senior Officer Stewart Mccuaig sold 26,250 shares of ATS Automation Tooling Systems stock in a transaction on Friday, February 19th. The shares were sold at an average price of C$29.09, for a total value of C$763,567.88.

ATS Automation Tooling Systems Company Profile

ATS Automation Tooling Systems Inc provides factory automation solutions worldwide. The company is also involved in the planning, designing, building, commissioning, and servicing automated manufacturing and assembly systems, including automation products and test solutions. Its products include ATS SUPERTRAK, a modular conveyor solution; ATS SUPERTRAK micro transport platform; ATS OmniTrak optimal solution; LogiTrack automated electrified monorail for transporting heavy workloads through assembly operations; sortimat Clearliner, a tray handler for clean room requirement; sortimat Workliner tray handling technology solution; ATS Cortex system, a vision device that reduces integration time with standardized hardware and software; ATS SmartVision software, a PC-based vision system; and Illuminate, a factory floor management system.

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