Tecsys Inc. (TSE:TCS) Stock Has Consensus Price Target of C$38.90

Shares of Tecsys Inc. (TSE:TCS) have received a consensus recommendation of “Buy” from the six analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$38.90.

A number of brokerages have issued reports on TCS. ATB Cormark Capital Markets increased their price target on Tecsys from C$41.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Monday, September 21st. Canaccord Genuity Group raised Tecsys to a “strong-buy” rating in a report on Thursday, August 6th. TD set a C$39.00 price objective on Tecsys and gave the company a “buy” rating in a research report on Wednesday, July 8th. TD Securities raised Tecsys to a “strong-buy” rating in a research note on Thursday, July 9th. Finally, National Bank Financial increased their target price on Tecsys from C$40.00 to C$41.00 and gave the company an “outperform” rating in a research report on Monday, September 14th.

Tecsys Trading Up 2.3%

Shares of Tecsys stock opened at C$39.40 on Friday. The firm has a 50-day simple moving average of C$32.93 and a two-hundred day simple moving average of C$33.26. The company has a market cap of C$568.03 million, a P/E ratio of 91.63 and a beta of 0.84. Tecsys has a fifty-two week low of C$22.51 and a fifty-two week high of C$39.71. The company has a debt-to-equity ratio of 8.33, a quick ratio of 1.40 and a current ratio of 1.12.

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

Insiders Place Their Bets

In other Tecsys news, Director David Brereton sold 2,400 shares of the company’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of C$30.00, for a total transaction of C$72,000.00. Following the completion of the transaction, the director directly 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 have sold 6,100 shares of company stock worth $189,822 in the last ninety days. Corporate insiders own 17.05% of the company’s stock.

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.