ATS Automation Tooling Systems - ATA Stock Forecast, Price & News

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. In addition, the company offers pre-automation services comprising discovery and analysis, concept development, simulation, and total cost of ownership modelling; post automation services, including training, process optimization, preventative maintenance, emergency and on-call support, spare parts, retooling, retrofits, and equipment relocation; and contract manufacturing services. Further, it provides engineering design, prototyping, process verification, specification writing, software and manufacturing process controls development, standard automation products/platforms, equipment design and build, third-party equipment qualification, procurement and integration, automation system installation, product line commissioning, validation, and documentation services. The company serves life sciences, transportation, consumer products, food and beverage, and energy markets. ATS Automation Tooling Systems Inc. was founded in 1978 and is headquartered in Cambridge, Canada.

ATS Automation Tooling Systems Stock Performance

TSE:ATA traded down C$0.02 during mid-day trading on Friday, reaching C$42.57. 116,062 shares of the stock were exchanged, compared to its average volume of 248,768. The company has a 50 day simple moving average of C$37.06 and a 200-day simple moving average of C$40.78. The stock has a market capitalization of C$3.91 billion and a P/E ratio of 31.53. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 112.13. ATS Automation Tooling Systems has a 1 year low of C$30.60 and a 1 year high of C$53.65.

ATS Automation Tooling Systems (TSE:ATA - Get Rating) last released its quarterly earnings results on Thursday, May 19th. The company reported C$0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.49 by C$0.15. The firm had revenue of C$603.20 million for the quarter, compared to analysts' expectations of C$593.15 million. Analysts anticipate that ATS Automation Tooling Systems will post 2.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ATA has been the topic of a number of analyst reports. Laurentian reduced their price target on ATS Automation Tooling Systems from C$59.00 to C$50.00 in a research report on Friday, May 20th. Scotiabank increased their price target on ATS Automation Tooling Systems from C$53.00 to C$55.00 in a research report on Tuesday, May 24th. Cormark cut their target price on ATS Automation Tooling Systems from C$68.00 to C$58.00 and set a "buy" rating on the stock in a research report on Friday, May 20th. TD Securities raised their target price on ATS Automation Tooling Systems from C$51.00 to C$52.00 and gave the stock a "buy" rating in a research report on Friday, May 20th. Finally, Laurentian Bank of Canada reissued a "buy" rating and set a C$59.00 target price on shares of ATS Automation Tooling Systems in a research report on Monday, April 11th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, ATS Automation Tooling Systems currently has an average rating of "Buy" and an average price target of C$55.71.