ATS Automation Tool Receives a Hold from RBC Capital

By Jason Carr

Wall Street analyst has provided a rating update for the Conglomerates sector company yesterday, while remaining neutral on the stock. Analyst Matt Barasch from RBC Capital reiterated a Hold rating on ATS Automation Tool (TSX: ATA), with a C$13 price target.

According to TipRanks.com, Barasch is a 3-star analyst with an average return of 6.9% and a 67.6% success rate. Barasch covers the Services sector, focusing on stocks such as Thomson Reuters Corp, Ritchie Bros, and Netflix.

ATS Automation Tool has an analyst consensus of Strong Buy, with a price target consensus of C$15.

The company has a one year high of C$13.88 and a one year low of C$9.16. Currently, ATS Automation Tool has an average volume of 95.79K.

ATS Automation Tooling Systems, Inc. provides manufacturing solutions. The company engages in developing custom engineered turnkey automated manufacturing and test systems. It provides services to the industries such as, life sciences, computers, and electronics, and energy, transportation and consumer products. The company was founded by Klaus D.

The company’s shares closed on Tuesday at $13.06.