Scotiabank Raises ATS Automation Tooling Systems (ATA) Price Target to C$19.00

ATS Automation Tooling Systems (TSE:ATA) had its price target increased by analysts at Scotiabank from C$16.50 to C$19.00 in a report issued on Friday. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price target suggests a potential upside of 17.21% from the company’s previous close.

Separately, TD Securities raised their price target on ATS Automation Tooling Systems from C$15.00 to C$17.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th.

ATS Automation Tooling Systems (TSE:ATA) traded up C$0.29 during mid-day trading on Friday, hitting C$16.21. The stock had a trading volume of 365,117 shares, compared to its average volume of 165,271. The stock has a market cap of $1,500.00, a P/E ratio of 37.70 and a beta of 0.93. ATS Automation Tooling Systems has a 52-week low of C$11.23 and a 52-week high of C$16.30.

In related news, insider Stewart Mccuaig sold 15,000 shares of ATS Automation Tooling Systems stock in a transaction on Friday, December 1st. The stock was sold at an average price of C$15.90, for a total transaction of C$238,500.00. Also, insider Chuck Gyles sold 3,200 shares of ATS Automation Tooling Systems stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of C$14.90, for a total value of C$47,680.00. Insiders have sold 23,716 shares of company stock worth $367,546 over the last quarter.

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About ATS Automation Tooling Systems

ATS Automation Tooling Systems Inc provides factory automation solutions worldwide. It is involved in the planning, designing, building, commissioning, and servicing automated manufacturing and assembly systems, including automation products and test solutions. The company?s products include ATS Supertrak, a modular conveyor system; ATS850 clean room conveyor for applications requiring reliability, cleanliness, and non-contact queuing; ATS OmniTrak optimal solution; and LogiTrack automated electrified monorail for transporting heavy workloads through assembly operations.

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