ATS Automation Tooling Systems Inc. (ATA) Given Consensus Recommendation of “Buy” by Brokerages
Shares of ATS Automation Tooling Systems Inc. (TSE:ATA) have been given an average rating of “Buy” by the six research firms that are currently covering the company. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$12.42.
A number of equities analysts have commented on the stock. Scotiabank cut their price target on shares of ATS Automation Tooling Systems from C$13.50 to C$13.00 and set an “outperform” rating for the company in a research note on Thursday, August 18th. Paradigm Capital raised shares of ATS Automation Tooling Systems from a “sell” rating to a “hold” rating and upped their price objective for the company from C$8.00 to C$10.00 in a research note on Thursday, August 18th. Finally, TD Securities reaffirmed a “hold” rating and issued a C$11.50 price objective on shares of ATS Automation Tooling Systems in a research note on Thursday, August 18th.
ATS Automation Tooling Systems (TSE:ATA) traded down 0.35% during midday trading on Tuesday, reaching $11.51. 47,904 shares of the company’s stock were exchanged. The company has a market cap of $1.06 billion and a price-to-earnings ratio of 25.58. The firm has a 50-day moving average price of $10.99 and a 200 day moving average price of $10.55. ATS Automation Tooling Systems has a 12-month low of $8.29 and a 12-month high of $14.25.
About ATS Automation Tooling Systems
ATS Automation Tooling Systems Inc (ATS) is an automation solutions provider. The Company is engaged in planning, designing, building, commissioning and servicing automated manufacturing and assembly systems, including automation products and test solutions. The Automation Systems segment designs and builds custom-engineered automated manufacturing and test systems, and provides pre-automation and post-automation services.
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