Tecsys (TSE:TCS) Raised to “Outperform” at ATB Cormark Capital Markets

Tecsys (TSE:TCS) was upgraded by ATB Cormark Capital Markets from a “sector perform” rating to an “outperform” rating in a research report issued on Friday,BayStreet.CA reports. The firm currently has a C$40.00 price target on the stock. ATB Cormark Capital Markets’ price objective would indicate a potential upside of 36.38% from the stock’s previous close.

A number of other equities analysts also recently issued reports on TCS. Stifel Nicolaus downgraded Tecsys from a “buy” rating to a “hold” rating and lowered their price target for the company from C$48.00 to C$28.50 in a report on Thursday, February 12th. Canadian Imperial Bank of Commerce cut their price objective on shares of Tecsys from C$50.00 to C$40.00 in a report on Thursday. Finally, National Bank Financial upped their target price 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. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Tecsys presently has an average rating of “Moderate Buy” and a consensus price target of C$37.50.

Tecsys Stock Up 1.5%

Shares of Tecsys stock traded up C$0.43 during trading on Friday, hitting C$29.33. 21,263 shares of the stock were exchanged, compared to its average volume of 36,185. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.25 and a quick ratio of 1.40. The firm’s 50-day moving average price is C$27.00 and its 200 day moving average price is C$31.94. The stock has a market cap of C$432.56 million, a price-to-earnings ratio of 81.47 and a beta of 0.78. Tecsys has a 12-month low of C$22.51 and a 12-month high of C$44.86.

Tecsys (TSE:TCS) last posted its quarterly earnings results on Wednesday, March 4th. The company reported C$0.12 earnings per share for the quarter. The company had revenue of C$48.50 million for the quarter. Tecsys had a return on equity of 8.05% and a net margin of 2.91%. As a group, analysts forecast 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 800 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of C$32.73, for a total value of C$26,184.00. Following the completion of the sale, the director owned 737,772 shares in the company, valued at C$24,147,277.56. This represents a 0.11% decrease in their position. Over the last 90 days, insiders have sold 2,100 shares of company stock valued at $67,521. Insiders own 17.05% of the company’s stock.

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.