Tecsys (TSE:TCS) Price Target Raised to C$32.00

Tecsys (TSE:TCS) had its price target increased by National Bank Financial from C$29.00 to C$32.00 in a research note released on Friday morning,BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the stock.

Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus downgraded shares of Tecsys from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$48.00 to C$28.50 in a research note on Thursday, February 12th. Canadian Imperial Bank of Commerce decreased their price objective on Tecsys from C$50.00 to C$40.00 in a research note on Thursday. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$37.50.

Tecsys Price Performance

Shares of TCS stock opened at C$29.11 on Friday. Tecsys has a twelve month low of C$22.51 and a twelve month high of C$44.86. The company has a market cap of C$429.31 million, a P/E ratio of 80.86 and a beta of 0.78. The company has a quick ratio of 1.40, a current ratio of 1.19 and a debt-to-equity ratio of 7.68. The business has a fifty day simple moving average of C$26.94 and a 200 day simple moving average of C$31.81.

Tecsys (TSE:TCS) last announced its earnings results on Wednesday, March 4th. The company reported C$0.12 earnings per share (EPS) for the quarter. Tecsys had a net margin of 3.15% and a return on equity of 8.57%. The company had revenue of C$48.50 million for the quarter. On average, sell-side analysts forecast that Tecsys will post 0.4600739 EPS for the current fiscal year.

Insider Activity at Tecsys

In related news, Director David Brereton sold 800 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of C$32.73, for a total value of C$26,184.00. Following the completion of the sale, the director owned 737,772 shares in the company, valued at C$24,147,277.56. This represents a 0.11% decrease in their position. In the last three months, insiders have sold 2,100 shares of company stock valued at $67,521. 17.05% of the stock is owned by corporate insiders.

Tecsys Company Profile

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.