ATS Automation Tooling Systems Inc. (ATA) Given Sector Perform Rating at Royal Bank Of Canada
Royal Bank Of Canada reiterated their sector perform rating on shares of ATS Automation Tooling Systems Inc. (TSE:ATA) in a research note issued to investors on Friday, May 19th, StockTargetPrices.com reports. Royal Bank Of Canada currently has a C$13.00 price objective on the stock.
Several other research analysts have also recently weighed in on ATA. Scotiabank lifted their price target on ATS Automation Tooling Systems from C$13.50 to C$16.50 and gave the company an outperform rating in a research report on Thursday, February 9th. TD Securities lifted their price target on ATS Automation Tooling Systems from C$11.50 to C$13.00 and gave the company a hold rating in a research report on Friday, February 10th. Finally, Paradigm Capital upgraded ATS Automation Tooling Systems from a sell rating to a hold rating and lifted their price target for the company from C$8.00 to C$13.00 in a research report on Thursday, February 9th.
ATS Automation Tooling Systems (ATA) traded up 1.93% on Friday, reaching $12.70. 341,453 shares of the company were exchanged. The company’s 50-day moving average price is $12.52 and its 200-day moving average price is $12.66. The stock has a market capitalization of $1.19 billion and a P/E ratio of 33.60. ATS Automation Tooling Systems has a 12-month low of $9.16 and a 12-month high of $13.88.
ATS Automation Tooling Systems (TSE:ATA) last announced its quarterly earnings results on Thursday, May 18th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.01. The company had revenue of $265.70 million during the quarter, compared to analysts’ expectations of $246.35 million. ATS Automation Tooling Systems had a return on equity of 4.64% and a net margin of 2.94%. Equities research analysts anticipate that ATS Automation Tooling Systems will post $0.77 earnings per share for the current fiscal year.
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In other ATS Automation Tooling Systems news, insider Andrew Hider acquired 17,400 shares of the company’s stock in a transaction on Wednesday, March 29th. The shares were bought at an average cost of C$13.40 per share, with a total value of C$233,160.00. Also, insider Thomas Wildt sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of C$12.60, for a total value of C$25,200.00. Over the last three months, insiders acquired 21,000 shares of company stock worth $281,778.
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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