BMO Capital Markets Boosts Pason Systems (TSE:PSI) Price Target to C$20.00

Pason Systems (TSE:PSI) had its price target increased by BMO Capital Markets from C$18.00 to C$20.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 23.38% from the stock’s current price.

Separately, Stifel Nicolaus raised their price target on shares of Pason Systems from C$16.00 to C$17.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$18.50.

Pason Systems Price Performance

Shares of TSE PSI traded up C$0.13 during trading on Tuesday, hitting C$16.21. 79,288 shares of the company were exchanged, compared to its average volume of 144,374. The company has a market cap of C$1.29 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 10.78 and a beta of 1.69. The company has a debt-to-equity ratio of 3.24, a current ratio of 4.84 and a quick ratio of 3.54. Pason Systems has a 1 year low of C$10.75 and a 1 year high of C$17.49. The firm’s fifty day moving average price is C$15.01 and its 200 day moving average price is C$14.70.

Pason Systems (TSE:PSI) last announced its earnings results on Wednesday, February 28th. The company reported C$0.11 earnings per share for the quarter. Pason Systems had a net margin of 26.41% and a return on equity of 24.51%. The firm had revenue of C$93.30 million during the quarter, compared to the consensus estimate of C$86.65 million. On average, sell-side analysts expect that Pason Systems will post 1.2858226 earnings per share for the current fiscal year.

Insider Activity

In other news, Senior Officer Russell Smith sold 7,000 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of C$15.30, for a total value of C$107,100.00. 0.31% of the stock is owned by company insiders.

Pason Systems Company Profile

Pason Systems Inc, together with its subsidiaries, provides instrumentation and data management systems for drilling rigs in Canada, the United States, and internationally. The company provides Electronic Drilling Recorder, which provides real-time drilling data to rig site personnel; DataHub with Pason Live, which is used as the central repository for data and reports captured at the rigs for real-time; and DataLink that provides automated in-house databases, third-party analytics platforms, remote geosteering, and other remote services.