National Bank Financial Reaffirms “Outperform” Rating for ATS Automation Tooling Systems (ATA)

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ATS Automation Tooling Systems (TSE:ATA)‘s stock had its “outperform” rating reiterated by investment analysts at National Bank Financial in a research note issued to investors on Thursday. They currently have a C$26.00 target price on the stock. National Bank Financial’s price target would suggest a potential upside of 17.33% from the stock’s current price.

ATA has been the subject of several other reports. Scotiabank increased their price objective on ATS Automation Tooling Systems from C$20.00 to C$23.00 and gave the stock an “outperform” rating in a research note on Friday, May 18th. TD Securities increased their price objective on ATS Automation Tooling Systems from C$18.00 to C$22.00 and gave the stock a “buy” rating in a research note on Friday, May 18th. Finally, Royal Bank of Canada increased their price objective on ATS Automation Tooling Systems from C$16.00 to C$20.00 and gave the stock a “sector perform” rating in a research note on Friday, May 18th.

Shares of TSE ATA traded down C$0.05 during trading hours on Thursday, reaching C$22.16. The stock had a trading volume of 205,100 shares, compared to its average volume of 201,458. ATS Automation Tooling Systems has a twelve month low of C$11.99 and a twelve month high of C$22.41.

ATS Automation Tooling Systems (TSE:ATA) last issued its earnings results on Wednesday, August 15th. The company reported C$0.22 EPS for the quarter, beating analysts’ consensus estimates of C$0.21 by C$0.01. ATS Automation Tooling Systems had a return on equity of 3.82% and a net margin of 2.49%. The business had revenue of C$299.98 million during the quarter, compared to analyst estimates of C$298.75 million.

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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