ATS Automation Tooling Systems Inc. (TSE:ATA) Given Average Rating of “Buy” by Analysts

ATS Automation Tooling Systems Inc. (TSE:ATAGet Rating) has earned an average rating of “Buy” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$62.71.

Several equities analysts have recently weighed in on ATA shares. Laurentian Bank of Canada reissued a “buy” rating and issued a C$59.00 price target on shares of ATS Automation Tooling Systems in a research note on Monday. National Bank Financial raised their price target on shares of ATS Automation Tooling Systems to C$64.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 5th. National Bankshares raised their price target on shares of ATS Automation Tooling Systems from C$64.00 to C$66.00 and gave the stock an “outperform” rating in a research note on Thursday, February 3rd. TD Securities raised their price target on shares of ATS Automation Tooling Systems from C$63.00 to C$64.00 and gave the stock a “buy” rating in a research note on Thursday, February 3rd. Finally, Laurentian set a C$59.00 price target on shares of ATS Automation Tooling Systems and gave the stock a “buy” rating in a research note on Monday.

ATA traded down C$0.42 during midday trading on Monday, hitting C$41.31. 63,131 shares of the company traded hands, compared to its average volume of 269,222. The company has a current ratio of 1.35, a quick ratio of 1.07 and a debt-to-equity ratio of 118.93. The company has a market capitalization of C$3.81 billion and a price-to-earnings ratio of 36.47. ATS Automation Tooling Systems has a 52-week low of C$26.33 and a 52-week high of C$53.65. The business has a 50 day simple moving average of C$45.58 and a two-hundred day simple moving average of C$46.85.

ATS Automation Tooling Systems (TSE:ATAGet Rating) last posted its quarterly earnings data on Wednesday, February 2nd. The company reported C$0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.45 by C$0.07. The company had revenue of C$546.80 million for the quarter, compared to analysts’ expectations of C$514.00 million. Equities research analysts anticipate that ATS Automation Tooling Systems will post 2.2172996 earnings per share for the current year.

About ATS Automation Tooling Systems (Get Rating)

ATS Automation Tooling Systems Inc, together with its subsidiaries, provides automation solutions worldwide. The company is also involved in the planning, designing, building, commissioning, and servicing automated manufacturing and assembly systems, including automation products and test solutions. It offers enterprise solutions in the areas of project management; partners/suppliers/vendors team selection and coordination; facility layouts and operational design; business case development and project justification; post project service, spare parts, and support; and system design, built, integration, commissioning, validation, training and start up.

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Analyst Recommendations for ATS Automation Tooling Systems (TSE:ATA)

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