Tecsys Inc. (TSE:TCS) Receives Average Recommendation of “Buy” from Analysts

Tecsys Inc. (TSE:TCS) has been given an average rating of “Buy” by the six brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$38.90.

Several research firms have recently weighed in on TCS. Canaccord Genuity Group raised shares of Tecsys to a “strong-buy” rating in a research note on Thursday, August 6th. 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 Tecsys and gave the stock a “buy” rating in a research report on Wednesday, July 8th. National Bank Financial boosted their price target on shares of Tecsys from C$40.00 to C$41.00 and gave the company an “outperform” rating in a report on Monday, September 14th. Finally, ATB Cormark Capital Markets increased their price objective on shares of Tecsys from C$41.00 to C$46.00 and gave the company an “outperform” rating in a research note on Monday, September 21st.

Insider Buying and Selling at Tecsys

In related news, Director David Brereton sold 2,400 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at C$21,197,160. This trade represents a 0.34% decrease in their ownership of the stock. In the last three months, insiders sold 5,900 shares of company stock worth $183,022. Corporate insiders own 17.05% of the company’s stock.

Tecsys Stock Down 3.0%

TSE:TCS opened at C$37.46 on Friday. The company has a market cap of C$540.06 million, a price-to-earnings ratio of 87.12 and a beta of 0.53. Tecsys has a twelve month low of C$22.51 and a twelve month high of C$39.71. The company has a current ratio of 1.12, a quick ratio of 1.40 and a debt-to-equity ratio of 8.33. The stock has a fifty day simple moving average of C$33.31 and a 200-day simple moving average of C$33.59.

Tecsys (TSE:TCS) last posted its quarterly earnings results on Thursday, September 10th. The company reported C$0.21 EPS for the quarter. The firm had revenue of C$50.05 million for the quarter. Tecsys had a net margin of 3.24% and a return on equity of 9.76%. Analysts anticipate that Tecsys will post 0.4600739 EPS for the current 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.