Tecsys Inc. (TSE:TCS) Stock Has Average Target Price of C$38.90 According to Analysts

Tecsys Inc. (TSE:TCS) has been assigned an average rating of “Buy” from the six research firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$38.90.

Several research firms have recently weighed in on TCS. ATB Cormark Capital Markets raised their price objective on shares of Tecsys from C$41.00 to C$46.00 and gave the stock an “outperform” rating in a report on Monday, September 21st. TD set a C$39.00 target price on Tecsys and gave the stock a “buy” rating in a report on Wednesday, July 8th. National Bank Financial increased their price target 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. TD Securities upgraded Tecsys to a “strong-buy” rating in a research report on Thursday, July 9th. Finally, Canaccord Genuity Group raised Tecsys to a “strong-buy” rating in a report on Thursday, August 6th.

Insider Buying and Selling

In other news, Director David Brereton sold 2,400 shares of the stock in a transaction on Friday, September 11th. The stock was sold at an average price of C$30.00, for a total transaction of C$72,000.00. Following the sale, the director owned 706,572 shares in the company, valued at approximately C$21,197,160. This represents a 0.34% decrease in their ownership of the stock. Insiders sold a total of 4,600 shares of company stock valued at $141,722 over the last quarter. 17.05% of the stock is currently owned by insiders.

Tecsys Trading Down 1.3%

Shares of Tecsys stock opened at C$38.15 on Tuesday. The stock has a market capitalization of C$550.01 million, a P/E ratio of 88.72 and a beta of 0.53. The company has a quick ratio of 1.40, a current ratio of 1.12 and a debt-to-equity ratio of 8.33. The company has a 50-day simple moving average of C$35.11 and a 200 day simple moving average of C$32.25. Tecsys has a 12-month low of C$22.51 and a 12-month high of C$39.71.

Tecsys (TSE:TCS) last announced its quarterly earnings results on Thursday, September 10th. The company reported C$0.21 earnings per share (EPS) for the quarter. The firm had revenue of C$50.05 million during the quarter. Tecsys had a net margin of 3.24% and a return on equity of 9.76%. Research analysts expect that Tecsys will post 0.46 earnings per share for the current fiscal year.

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.