Tecsys (TSE:TCS) Price Target Raised to C$46.00

Tecsys (TSE:TCS) had its target price increased by ATB Cormark Capital Markets from C$41.00 to C$46.00 in a research report report published on Monday morning,BayStreet reports. The firm currently has an outperform rating on the stock.

Other research analysts have also recently issued reports about the company. National Bank Financial raised their target price on Tecsys from C$40.00 to C$41.00 and gave the stock an “outperform” rating in a research report on Monday, September 14th. Canaccord Genuity Group upgraded shares of Tecsys to a “strong-buy” rating in a research note on Thursday, August 6th. TD set a C$39.00 target price on shares of Tecsys and gave the company a “buy” rating in a research report on Wednesday, July 8th. Finally, TD Securities raised shares of Tecsys to a “strong-buy” rating in a report on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$38.90.

Tecsys Stock Performance

Shares of TCS opened at C$36.60 on Monday. The business’s fifty day simple moving average is C$32.23 and its two-hundred day simple moving average is C$32.77. The company has a current ratio of 1.12, a quick ratio of 1.40 and a debt-to-equity ratio of 8.33. Tecsys has a 12 month low of C$22.51 and a 12 month high of C$38.00. The company has a market cap of C$527.66 million, a price-to-earnings ratio of 85.12 and a beta of 0.84.

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

Insider Activity at Tecsys

In related news, Director David Brereton sold 2,400 shares of the firm’s stock in a transaction on Friday, September 11th. The shares were 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 of the company’s stock, valued at approximately C$21,197,160. This trade represents a 0.34% decrease in their ownership of the stock. In the last ninety days, insiders sold 6,600 shares of company stock worth $205,322. 17.05% of the stock is currently owned by corporate insiders.

About Tecsys

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.