Tecsys (TSE:TCS) Price Target Raised to C$41.00

Tecsys (TSE:TCS) had its price target lifted by ATB Cormark Capital Markets from C$40.00 to C$41.00 in a research report report published on Monday,BayStreet reports. The brokerage currently has an outperform rating on the stock.

A number of other analysts have also recently commented on the stock. Canaccord Genuity Group upgraded shares of Tecsys to a “strong-buy” rating in a research note on Thursday, August 6th. TD Securities upgraded shares of Tecsys to a “strong-buy” rating in a research note on Thursday, July 9th. National Bank Financial upped their price target on shares of Tecsys from C$40.00 to C$41.00 and gave the company an “outperform” rating in a research note on Monday. Finally, TD set a C$39.00 price target on shares of Tecsys and gave the stock a “buy” rating in a report on Wednesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Tecsys currently has a consensus rating of “Buy” and an average target price of C$37.90.

Tecsys Trading Down 0.9%

Tecsys stock opened at C$32.78 on Monday. The company has a debt-to-equity ratio of 8.33, a quick ratio of 1.40 and a current ratio of 1.12. The stock has a market cap of C$472.59 million, a PE ratio of 76.23 and a beta of 0.84. The stock has a 50-day moving average of C$32.05 and a two-hundred day moving average of C$32.43. Tecsys has a one year low of C$22.51 and a one year high of C$38.00.

Tecsys (TSE:TCS) last issued its quarterly earnings results on Thursday, September 10th. The company reported C$0.21 earnings per share for the quarter. Tecsys had a return on equity of 9.76% and a net margin of 3.24%.The business had revenue of C$50.05 million for the quarter. On average, research analysts anticipate that Tecsys will post 0.4600739 EPS for the current fiscal year.

Insider Buying and Selling at Tecsys

In other news, Director David Brereton sold 2,400 shares of the firm’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of C$30.00, for a total value of C$72,000.00. Following the completion of the transaction, the director directly owned 706,572 shares in the company, valued at C$21,197,160. This trade represents a 0.34% decrease in their ownership of the stock. Insiders sold 6,600 shares of company stock valued at $205,322 over the last quarter. 17.05% of the stock is currently owned by corporate insiders.

Tecsys Company Profile

Tecsys is trusted by mission-critical organizations in healthcare and distribution to build resilient, efficient and secure supply chains. A global provider of cloud-based, AI-driven software with deep domain expertise, Tecsys delivers real-time operational visibility and execution across critical workflows when performance and reliability matter most. Tecsys is publicly traded on the Toronto Stock Exchange (TCS). For more information, visit www.tecsys.com.