Enghouse Systems (TSE:ENGH) Given a C$16.00 Price Target at TD

Enghouse Systems (TSE:ENGH) received a C$16.00 price target from equities research analysts at TD in a research note issued on Tuesday, BayStreet reports. The brokerage currently has a “hold” rating on the stock. TD’s price target would suggest a potential upside of 1.52% from the stock’s previous close.

A number of other research analysts have also recently commented on the stock. Canadian Imperial Bank of Commerce reduced their price target on shares of Enghouse Systems from C$18.00 to C$17.00 and set a “neutral” rating on the stock in a research report on Thursday, June 11th. Royal Bank Of Canada cut their price objective on shares of Enghouse Systems from C$20.00 to C$18.00 and set a “sector perform” rating for the company in a research note on Thursday, June 11th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Enghouse Systems currently has an average rating of “Hold” and an average price target of C$17.60.

Enghouse Systems Price Performance

Shares of Enghouse Systems stock traded down C$0.55 during trading on Tuesday, hitting C$15.76. 163,279 shares of the stock traded hands, compared to its average volume of 229,235. The company has a quick ratio of 1.84, a current ratio of 1.77 and a debt-to-equity ratio of 1.51. The stock has a market cap of C$856.89 million, a price-to-earnings ratio of 11.94, a PEG ratio of -4.19 and a beta of 0.19. The firm’s fifty day moving average is C$16.78 and its 200-day moving average is C$16.86. Enghouse Systems has a 52 week low of C$14.80 and a 52 week high of C$21.83.

Enghouse Systems (TSE:ENGH) last released its earnings results on Tuesday, June 9th. The company reported C$0.30 earnings per share for the quarter. The company had revenue of C$114.28 million during the quarter. Enghouse Systems had a return on equity of 11.97% and a net margin of 14.88%. Research analysts expect that Enghouse Systems will post 1.6991295 EPS for the current fiscal year.

About Enghouse Systems

Enghouse Systems Limited is a Canadian publicly traded company (TSX: ENGH) that provides mission-critical vertically focused enterprise software solutions. Our core technologies are used for contact centers, video communications, virtual healthcare, education, telecommunications, networks, IPTV, public safety and transit. The Company’s two-pronged strategy to grow earnings focuses on both organic growth and acquisitions, which, to date, have been funded through net cash provided by operating activities as the Company has no external debt financing.