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Scotiabank Remains a Buy on ATS Automation Tool (ATA)


ATS Automation Tool (ATA), the Conglomerates sector company was revisited on November 7, and remains undervalued for at least one analyst on the street. On November 7, analyst Mark Neville gave a Buy rating to ATA and set a C$25 price target.

According to TipRanks.com, Neville is a 4-star analyst with an average return of 9.1% and a 61.0% success rate. Neville covers the Basic Materials sector, focusing on stocks such as SNC-Lavalin Group Inc, Stella-Jones Inc, and Stantec Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for ATS Automation Tool with a C$25 average price target, a 39.7% upside from current levels. In a report released yesterday, TD Securities also reiterated a Buy rating on the stock with a C$25 price target.

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ATS Automation Tool’s market cap is currently C$1.68B and has a P/E ratio of 32. The company has a Price to Book ratio of 2.17.

ATS Automation Tooling Systems, Inc. engages in the provision of automation solutions. It operates through the following segments: Canada, Unite States, Germany, China, Malaysia, Other Europe, and Other.

The company’s shares closed on Thursday at C$17.89.