ATS Automation Tooling Systems Inc. (ATA) Price Target Cut to C$12.50
ATS Automation Tooling Systems Inc. (TSE:ATA) had its target price cut by equities researchers at Scotiabank from C$13.00 to C$12.50 in a report issued on Thursday. The firm currently has an “outperform” rating on the stock. Scotiabank’s price target would suggest a potential upside of 27.42% from the company’s previous close.
Several other equities analysts have also commented on ATA. TD Securities reissued a “hold” rating and issued a C$11.50 target price on shares of ATS Automation Tooling Systems in a report on Thursday, August 18th. Paradigm Capital raised ATS Automation Tooling Systems from a “sell” rating to a “hold” rating and increased their target price for the company from C$8.00 to C$10.00 in a report on Thursday, August 18th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of C$12.33.
ATS Automation Tooling Systems (TSE:ATA) opened at 9.81 on Thursday. ATS Automation Tooling Systems has a 1-year low of $8.29 and a 1-year high of $13.11. The firm’s 50 day moving average price is $11.18 and its 200-day moving average price is $10.60. The stock has a market cap of $921.16 million and a price-to-earnings ratio of 24.53.
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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