ATS Automation Tooling Systems (ATA) Price Target Lowered to C$23.00 at National Bank Financial

ATS Automation Tooling Systems (TSE:ATA) had its target price decreased by National Bank Financial from C$26.00 to C$23.00 in a research report released on Thursday. National Bank Financial currently has an outperform rating on the stock. National Bank Financial also issued estimates for ATS Automation Tooling Systems’ Q3 2019 earnings at $0.23 EPS, Q4 2019 earnings at $0.22 EPS, FY2019 earnings at $0.84 EPS and FY2020 earnings at $0.94 EPS.

ATA has been the subject of several other research reports. TD Securities raised their price target on ATS Automation Tooling Systems from C$24.00 to C$28.00 and gave the stock a buy rating in a research report on Wednesday, September 19th. Royal Bank of Canada raised their price target on ATS Automation Tooling Systems from C$20.00 to C$22.00 and gave the stock a sector perform rating in a research report on Friday, August 17th.

TSE ATA traded down C$0.05 during mid-day trading on Thursday, hitting C$17.84. The stock had a trading volume of 430,947 shares, compared to its average volume of 229,996. ATS Automation Tooling Systems has a 52-week low of C$14.62 and a 52-week high of C$24.67. The company has a quick ratio of 2.04, a current ratio of 2.26 and a debt-to-equity ratio of 45.20.

ATS Automation Tooling Systems (TSE:ATA) last released its quarterly earnings data on Wednesday, August 15th. The company reported C$0.22 earnings per share for the quarter, beating the consensus estimate of C$0.21 by C$0.01. The firm had revenue of C$299.98 million during the quarter, compared to analysts’ expectations of C$298.75 million. On average, analysts predict that ATS Automation Tooling Systems will post 1.05058428963966 EPS for the current year.

ATS Automation Tooling Systems Company Profile

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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