ATS Automation Tooling Systems (TSE:ATA) had its price objective boosted by stock analysts at Royal Bank of Canada from C$14.00 to C$15.00 in a research report issued to clients and investors on Thursday. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential downside of 8.59% from the stock’s current price.
A number of other brokerages have also commented on ATA. TD Securities boosted their price target on shares of ATS Automation Tooling Systems from C$15.00 to C$17.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. Scotiabank boosted their price target on shares of ATS Automation Tooling Systems from C$16.50 to C$19.00 and gave the company an “outperform” rating in a research note on Friday, January 5th.
Shares of ATS Automation Tooling Systems (TSE ATA) traded down C$0.23 during mid-day trading on Thursday, reaching C$16.41. 137,334 shares of the company’s stock were exchanged, compared to its average volume of 220,607. The company has a market cap of $1,540.00, a price-to-earnings ratio of 38.16 and a beta of 0.93. ATS Automation Tooling Systems has a fifty-two week low of C$11.23 and a fifty-two week high of C$17.43.
In other news, insider Stewart Mccuaig sold 15,000 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of C$15.90, for a total value of C$238,500.00. Also, insider Chuck Gyles sold 3,200 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of C$14.90, for a total transaction of C$47,680.00. Insiders have sold a total of 23,716 shares of company stock valued at $367,546 in the last 90 days.
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ATS Automation Tooling Systems Company Profile
ATS Automation Tooling Systems Inc (ATS) is an automation solutions provider. The Company is engaged in planning, designing, building, commissioning and servicing automated manufacturing and assembly systems, including automation products and test solutions. The Automation Systems segment designs and builds custom-engineered automated manufacturing and test systems, and provides pre-automation and post-automation services.
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