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

Shares of TSE:ATA opened at C$42.63 on Wednesday. The stock has a market cap of C$3.92 billion and a price-to-earnings ratio of 32.54. The company has a current ratio of 1.36, a quick ratio of 1.04 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. The stock's 50-day moving average is C$37.28 and its 200 day moving average is C$40.66.

ATS Automation Tooling Systems (TSE:ATA - Get Rating) last posted its earnings results on Thursday, May 19th. The company reported C$0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.49 by C$0.15. The business had revenue of C$603.20 million during the quarter, compared to the consensus estimate of C$593.15 million. On average, sell-side analysts anticipate that ATS Automation Tooling Systems will post 2.5999997 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ATA shares. National Bankshares lowered their price target on ATS Automation Tooling Systems from C$66.00 to C$52.00 and set an "outperform" rating for the company in a report on Friday, May 20th. 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 lifted their target price on ATS Automation Tooling Systems from C$53.00 to C$55.00 in a research report on Tuesday, May 24th. Cormark dropped their price target on shares of 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. Finally, TD Securities increased their price objective on shares of 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. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of C$55.71.