Laurentian Analysts Give ATS Automation Tooling Systems (TSE:ATA) a C$59.00 Price Target

ATS Automation Tooling Systems (TSE:ATA – Get Rating) has been given a C$59.00 price objective by stock analysts at Laurentian in a research report issued to clients and investors on Monday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Laurentian’s price target would suggest a potential upside of 43.34% from the company’s current price.

ATA has been the subject of several other reports. Laurentian Bank of Canada reiterated 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 objective on shares of ATS Automation Tooling Systems to C$64.00 and gave the company an “outperform” rating in a research note on Wednesday, January 5th. TD Securities raised their price objective on shares of ATS Automation Tooling Systems from C$63.00 to C$64.00 and gave the company a “buy” rating in a research note on Thursday, February 3rd. Finally, National Bankshares raised their price objective on shares of ATS Automation Tooling Systems from C$64.00 to C$66.00 and gave the company an “outperform” rating in a research note on Thursday, February 3rd. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$62.71.

Shares of ATS Automation Tooling Systems stock traded down C$0.57 during trading on Monday, hitting C$41.16. The company’s stock had a trading volume of 57,790 shares, compared to its average volume of 269,123. The company has a debt-to-equity ratio of 118.93, a quick ratio of 1.07 and a current ratio of 1.35. The company has a fifty day simple moving average of C$45.58 and a two-hundred day simple moving average of C$46.85. The company has a market capitalization of C$3.80 billion and a PE 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.

ATS Automation Tooling Systems (TSE:ATA – Get Rating) last issued its quarterly earnings results on Wednesday, February 2nd. The company reported C$0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.45 by C$0.07. The business had revenue of C$546.80 million during the quarter, compared to the consensus estimate of C$514.00 million. As a group, analysts predict that ATS Automation Tooling Systems will post 2.2172996 EPS 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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