Scotiabank Reiterates “Outperform” Rating for ATS Automation Tooling Systems Inc. (ATA)
ATS Automation Tooling Systems Inc. (TSE:ATA)‘s stock had its “outperform” rating reaffirmed by investment analysts at Scotiabank in a report issued on Friday. They currently have a C$12.50 target price on the stock. Scotiabank’s price objective would suggest a potential upside of 28.34% from the stock’s current price.
Several other equities analysts have also recently issued reports on the stock. 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, November 10th. Paradigm Capital upgraded shares of ATS Automation Tooling Systems from a “sell” rating to a “hold” rating and raised their target price for the stock from C$8.00 to C$10.00 in a report on Thursday, August 18th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of C$12.33.
Shares of ATS Automation Tooling Systems (TSE:ATA) opened at 9.74 on Friday. ATS Automation Tooling Systems has a 52-week low of $8.29 and a 52-week high of $13.08. The firm has a market cap of $901.58 million and a price-to-earnings ratio of 24.35. The stock has a 50 day moving average of $10.99 and a 200 day moving average of $10.52.
ATS Automation Tooling Systems Company Profile
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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