ATS Automation Tooling Systems (TSE:ATA) Given New C$23.00 Price Target at TD Securities

ATS Automation Tooling Systems (TSE:ATA) had its price objective reduced by TD Securities from C$24.00 to C$23.00 in a report released on Thursday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ target price indicates a potential upside of 21.18% from the stock’s previous close.

Separately, National Bank Financial boosted their price target on shares of ATS Automation Tooling Systems from C$20.00 to C$22.00 and gave the company a “sector perform” rating in a report on Thursday, April 18th.

Shares of TSE:ATA traded down C$0.41 during trading hours on Thursday, hitting C$18.98. The company’s stock had a trading volume of 224,586 shares, compared to its average volume of 206,023. ATS Automation Tooling Systems has a 52 week low of C$13.28 and a 52 week high of C$24.67. The company has a debt-to-equity ratio of 45.01, a current ratio of 1.66 and a quick ratio of 1.44. The firm has a market capitalization of $1.75 billion and a P/E ratio of 25.31. The company’s fifty day moving average is C$21.02.

ATS Automation Tooling Systems (TSE:ATA) last posted its quarterly earnings results on Thursday, May 16th. The company reported C$0.26 EPS for the quarter, beating the consensus estimate of C$0.22 by C$0.04. The business had revenue of C$348.60 million during the quarter, compared to the consensus estimate of C$308.70 million. Equities research analysts forecast that ATS Automation Tooling Systems will post 1.2300001 EPS for the current year.

About ATS Automation Tooling Systems

ATS Automation Tooling Systems Inc provides factory automation solutions worldwide. The company is involved in the planning, designing, building, commissioning, and servicing automated manufacturing and assembly systems, including automation products and test solutions. Its products include ATS Supertrak, a modular conveyor system; ATS OmniTrak optimal solution; LogiTrack automated electrified monorail for transporting heavy workloads through assembly operations; Sortimat Clearliner, a tray handler for clean room requirement; Sortimat Workliner tray handling technology; Sortimat Birkman, a feeder technology for sorting, transporting, and separating parts; ATS Cortex system, a vision device that reduces integration time with standardized hardware and software; and ATS SmartVision software, a PC-based vision system.

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