Tecsys Inc. (TSE:TCS) Receives C$38.70 Consensus PT from Brokerages

Shares of Tecsys Inc. (TSE:TCS) have received a consensus rating of “Buy” from the six ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$38.70.

TCS has been the subject of several analyst reports. TD Securities upgraded Tecsys to a “strong-buy” rating in a report on Thursday, July 9th. TD set a C$39.00 price target on shares of Tecsys and gave the stock a “buy” rating in a research note on Wednesday, July 8th. National Bank Financial raised shares of Tecsys from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$40.00 to C$46.00 in a research report on Wednesday, May 27th. Finally, Canaccord Genuity Group upgraded shares of Tecsys to a “strong-buy” rating in a research note on Thursday, August 6th.

Insider Activity at Tecsys

In other news, Director David Brereton sold 1,700 shares of the stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of C$33.00, for a total transaction of C$56,100.00. Following the sale, the director owned 714,572 shares in the company, valued at C$23,580,876. This represents a 0.24% decrease in their ownership of the stock. Insiders have sold a total of 4,200 shares of company stock worth $133,322 in the last 90 days. Corporate insiders own 17.05% of the company’s stock.

Tecsys Stock Performance

Tecsys stock opened at C$30.42 on Monday. 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 market capitalization of C$438.57 million, a P/E ratio of 112.67 and a beta of 0.84. The stock’s 50 day moving average is C$32.00 and its 200 day moving average is C$32.25. Tecsys has a twelve month low of C$22.51 and a twelve month high of C$38.00.

Tecsys (TSE:TCS) last announced its quarterly earnings data on Thursday, September 10th. The company reported C$0.21 earnings per share (EPS) for the quarter. Tecsys had a return on equity of 9.76% and a net margin of 3.24%.The business had revenue of C$50.05 million during the quarter. On average, equities research analysts predict that Tecsys will post 0.4600739 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.