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

ATS Automation Tooling Systems (TSE:ATA) had its price target trimmed by National Bank Financial from C$26.00 to C$23.00 in a report published on Thursday. The brokerage 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.

A number of other brokerages also recently weighed in on ATA. TD Securities upped their price target on shares of ATS Automation Tooling Systems from C$22.00 to C$24.00 and gave the company a buy rating in a report on Thursday, August 16th. Royal Bank of Canada upped their price objective 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 research note on Friday, August 17th.

Shares of TSE ATA opened at C$17.84 on Thursday. ATS Automation Tooling Systems has a twelve month low of C$14.62 and a twelve month 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 issued its quarterly earnings results on Wednesday, August 15th. The company reported C$0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$0.21 by C$0.01. The business had revenue of C$299.98 million during the quarter, compared to analyst estimates of C$298.75 million. Analysts anticipate that ATS Automation Tooling Systems will post 1.05058428963966 EPS for the current fiscal 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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