Tecsys (TSE:TCS) Lowered to Hold Rating by Stifel Nicolaus

Stifel Nicolaus cut shares of Tecsys (TSE:TCS) from a buy rating to a hold rating in a report published on Thursday morning,BayStreet.CA reports. The firm currently has C$28.50 price target on the stock, down from their previous price target of C$48.00.

Separately, National Bank Financial increased their price objective on shares of Tecsys from C$28.00 to C$29.00 and gave the company a “sector perform” rating in a research report on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Tecsys has a consensus rating of “Moderate Buy” and a consensus target price of C$38.63.

Tecsys Stock Down 3.3%

TCS stock opened at C$23.22 on Thursday. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.31 and a quick ratio of 1.40. The stock has a market capitalization of C$342.45 million, a P/E ratio of 64.50 and a beta of 0.80. Tecsys has a fifty-two week low of C$22.96 and a fifty-two week high of C$47.48. The business has a 50-day moving average of C$29.29 and a 200-day moving average of C$33.29.

Tecsys (TSE:TCS) last posted its quarterly earnings data on Wednesday, December 3rd. The company reported C$0.12 EPS for the quarter. Tecsys had a net margin of 1.49% and a return on equity of 3.78%. The company had revenue of C$48.64 million during the quarter. On average, sell-side analysts anticipate that Tecsys will post 0.4600739 earnings per share for the current fiscal year.

Insider Activity

In other Tecsys news, Director David Brereton sold 800 shares of the business’s stock in a transaction on 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 sale, the director owned 737,772 shares of the company’s stock, valued at approximately C$24,147,277.56. The trade was a 0.11% decrease in their ownership of the stock. Over the last 90 days, insiders have sold 2,100 shares of company stock worth $67,521. Insiders own 17.05% of the company’s stock.

Tecsys Company Profile

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.