Tecsys (TSE:TCS) Rating Increased to Moderate Buy at ATB Cormark Capital Markets

ATB Cormark Capital Markets upgraded shares of Tecsys (TSE:TCS) from a hold rating to a moderate buy rating in a research note released on Friday, MarketBeat Ratings reports. ATB Cormark Capital Markets currently has C$40.00 price objective on the stock.

Other equities analysts also recently issued reports about the stock. Canadian Imperial Bank of Commerce decreased their price target on shares of Tecsys from C$50.00 to C$40.00 in a research note on Thursday. National Bank Financial boosted their price objective on shares of Tecsys from C$29.00 to C$32.00 and gave the company a “sector perform” rating in a report on Friday. Finally, Stifel Nicolaus lowered shares of Tecsys from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$48.00 to C$28.50 in a research report on Thursday, February 12th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$37.50.

Tecsys Stock Performance

TCS traded up C$0.21 during trading on Friday, hitting C$29.11. The stock had a trading volume of 32,879 shares, compared to its average volume of 36,487. The company has a debt-to-equity ratio of 7.68, a current ratio of 1.19 and a quick ratio of 1.40. The company has a 50 day moving average price of C$26.94 and a 200-day moving average price of C$31.88. Tecsys has a one year low of C$22.51 and a one year high of C$44.86. The firm has a market cap of C$429.31 million, a price-to-earnings ratio of 80.86 and a beta of 0.78.

Tecsys (TSE:TCS) last posted its quarterly earnings data on Wednesday, March 4th. The company reported C$0.12 earnings per share for the quarter. Tecsys had a return on equity of 8.57% and a net margin of 3.15%.The firm had revenue of C$48.50 million for the quarter. As a group, research analysts predict that Tecsys will post 0.4600739 EPS for the current year.

Insider Buying and Selling

In related news, Director David Brereton sold 800 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of C$32.73, for a total transaction of C$26,184.00. Following the completion of the sale, the director owned 737,772 shares of the company’s stock, valued at C$24,147,277.56. This represents a 0.11% decrease in their ownership of the stock. Insiders sold a total of 2,100 shares of company stock valued at $67,521 over the last three months. 17.05% of the stock is owned by insiders.

About Tecsys

Tecsys Inc is engaged in the development and sale of enterprise supply chain management software for distribution, warehousing, transportation logistics, point-of-use and order management. It also provides related consulting, education and support services. The company serves healthcare systems, services parts, third-party logistics, retail and general wholesale distribution industries. Geographically, it derives a majority of revenue from the United States and also has a presence in Canada and Other Countries.