It Seems ATS Automation Tooling Systems Inc. Will Go Down. Have Another Big Decline

 It Seems ATS Automation Tooling Systems Inc. Will Go Down. Have Another Big Decline

The stock of ATS Automation Tooling Systems Inc. (TSE:ATA) is a huge mover today! About 30,689 shares traded hands. ATS Automation Tooling Systems Inc. (TSE:ATA) has risen 9.27% since March 11, 2016 and is uptrending. It has outperformed by 3.79% the S&P500.
The move comes after 6 months negative chart setup for the $1.07B company. It was reported on Oct, 18 by Barchart.com. We have $10.56 PT which if reached, will make TSE:ATA worth $85.60M less.

ATS Automation Tooling Systems Inc. (TSE:ATA) Ratings Coverage

Out of 6 analysts covering ATS Automation Tooling Systems Inc. (TSE:ATA), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. $18 is the highest target while $8 is the lowest. The $12.42 average target is 8.19% above today’s ($11.48) stock price. ATS Automation Tooling Systems Inc. has been the topic of 15 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The rating was maintained by Scotia Capital on Thursday, August 13 with “Focus Stock”. Paradigm Research downgraded ATS Automation Tooling Systems Inc. (TSE:ATA) on Thursday, February 4 to “Sell” rating. The firm has “Hold” rating given on Thursday, August 18 by TD Securities. The firm has “Hold” rating by TD Securities given on Wednesday, December 30. Paradigm Research upgraded it to “Hold” rating and $10 target price in Thursday, August 18 report. RBC Capital Markets maintained ATS Automation Tooling Systems Inc. (TSE:ATA) rating on Friday, May 20. RBC Capital Markets has “Sector Perform” rating and $12 price target.

More important recent ATS Automation Tooling Systems Inc. (TSE:ATA) news were published by: Moodys.com which released: “Moody’s assigns Ba3 CFR to ATS Automation Tooling” on June 09, 2015, also Forbes.com published article titled: “ATS Automation Tooling Systems Getting Very Oversold (ATA)”, Business.Financialpost.com published: “ATS Automation Tooling Systems downgraded to hold” on December 30, 2015. More interesting news about ATS Automation Tooling Systems Inc. (TSE:ATA) was released by: Plasticsnews.com and their article: “ATS goes global with acquisition of M+W Process Automation” with publication date: September 10, 2014.

ATS Automation Tooling Systems Inc. is an automation solutions provider. The company has a market cap of $1.07 billion. The Firm is engaged in planning, designing, building, commissioning and servicing automated manufacturing and assembly systems, including automation products and test solutions. It has a 25.5 P/E ratio. The Automation Systems segment creates and manufactures custom-engineered automated manufacturing and test systems, and provides pre-automation and post-automation services.

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