Tecsys (TSE:TCS) Stock Rating Lowered by Stifel Nicolaus

Tecsys (TSE:TCS) was downgraded by stock analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued on Thursday, Marketbeat Ratings reports. They currently have a C$28.50 target price on the stock, down from their prior target price of C$48.00. Stifel Nicolaus’ target price suggests a potential upside of 22.27% from the company’s current price.

Separately, National Bank Financial boosted their price objective on Tecsys from C$28.00 to C$29.00 and gave the company a “sector perform” rating in a report on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Tecsys presently has an average rating of “Moderate Buy” and a consensus target price of C$38.63.

Tecsys Stock Up 0.4%

TSE:TCS opened at C$23.31 on Thursday. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.31 and a quick ratio of 1.40. The company’s fifty day moving average price is C$29.09 and its 200-day moving average price is C$33.19. Tecsys has a 1-year low of C$22.85 and a 1-year high of C$47.48. The firm has a market capitalization of C$343.78 million, a P/E ratio of 64.75 and a beta of 0.80.

Tecsys (TSE:TCS) last posted its earnings results on Wednesday, December 3rd. The company reported C$0.12 earnings per share (EPS) for the quarter. Tecsys had a net margin of 1.49% and a return on equity of 3.78%. The company had revenue of C$48.64 million during the quarter. As a group, equities research analysts anticipate that Tecsys will post 0.4600739 EPS for the current year.

Insider Buying and Selling at Tecsys

In other news, Director David Brereton sold 800 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of C$32.73, for a total transaction of C$26,184.00. Following the transaction, the director owned 737,772 shares in the company, valued at C$24,147,277.56. This trade represents a 0.11% decrease in their position. Over the last three months, insiders sold 2,100 shares of company stock worth $67,521. Corporate insiders own 17.05% of the company’s stock.

About Tecsys

Tecsys Inc is engaged in the development and sale of enterprise supply chain management software for distribution, warehousing, transportation logistics, point-of-use and order management. It also provides related consulting, education and support services. The company serves healthcare systems, services parts, third-party logistics, retail and general wholesale distribution industries. Geographically, it derives a majority of revenue from the United States and also has a presence in Canada and Other Countries.