TD Issues Pessimistic Forecast for Enghouse Systems (TSE:ENGH) Stock Price

Enghouse Systems (TSE:ENGH) had its price target lowered by stock analysts at TD from C$17.00 to C$16.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD’s target price would indicate a potential downside of 0.68% from the stock’s previous close.

Several other analysts have also commented on ENGH. Canadian Imperial Bank of Commerce decreased their price target on Enghouse Systems from C$18.00 to C$17.00 and set a “neutral” rating on the stock in a research note on Thursday. Royal Bank Of Canada dropped their target price on Enghouse Systems from C$22.00 to C$20.00 and set a “sector perform” rating for the company in a research report on Monday, March 16th. Finally, TD Securities dropped their target price on Enghouse Systems from C$22.00 to C$17.00 and set a “hold” rating for the company in a research report on Monday, March 16th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Enghouse Systems currently has a consensus rating of “Hold” and a consensus target price of C$17.60.

Enghouse Systems Stock Up 0.2%

Shares of Enghouse Systems stock traded up C$0.03 during trading on Thursday, hitting C$16.11. 301,024 shares of the stock traded hands, compared to its average volume of 266,367. The stock has a market cap of C$877.98 million, a P/E ratio of 12.79, a PEG ratio of -4.19 and a beta of 0.01. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.84 and a current ratio of 1.77. Enghouse Systems has a twelve month low of C$14.80 and a twelve month high of C$24.15. The company has a fifty day moving average price of C$17.19 and a two-hundred day moving average price of C$18.18.

Enghouse Systems (TSE:ENGH) last announced its quarterly earnings results on Tuesday, June 9th. The company reported C$0.30 earnings per share (EPS) for the quarter. Enghouse Systems had a return on equity of 11.97% and a net margin of 14.88%.The business had revenue of C$114.28 million during the quarter. Equities research analysts predict 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.