The ATS Automation Tooling Systems Inc. (ATA) Price Target Raised to C$16.50 at Scotiabank, Report finds

The ATS Automation Tooling Systems Inc. (ATA) Price Target Raised to C$16.50 at Scotiabank, Report finds

Several other equities research analysts have also commented on the stock. Royal Bank Of Canada raised their price target on shares of ATS Automation Tooling Systems from C$12.00 to C$13.00 and gave the company a “sector perform” rating in a research note on Thursday. TD Securities restated a “hold” rating and issued a C$11.50 price target on shares of ATS Automation Tooling Systems in a research note on Tuesday, December 13th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of C$13.40.

ATS Automation Tooling Systems Inc. (TSE:ATA) had its price target hoisted by stock analysts at Scotiabank from C$13.50 to C$16.50 in a note issued to investors on Thursday. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price target suggests a potential upside of 31.37% from the company’s previous close.

ATS Automation Tooling Systems (TSE:ATA) traded down 0.32% during midday trading on Thursday, reaching $12.56. The company had a trading volume of 229,639 shares. ATS Automation Tooling Systems has a 52-week low of $8.40 and a 52-week high of $13.01. The company has a market capitalization of $1.16 billion and a P/E ratio of 31.40. The company’s 50 day moving average is $12.68 and its 200-day moving average is $11.21.

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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