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

Tecsys (TSE:TCS) was upgraded by analysts at ATB Cormark Capital Markets from a “hold” rating to a “moderate buy” rating in a note issued to investors on Friday, MarketBeat Ratings reports. The brokerage currently has a C$40.00 target price on the stock. ATB Cormark Capital Markets’ price target would suggest a potential upside of 37.41% from the stock’s previous close.

TCS has been the topic of several other reports. Stifel Nicolaus downgraded Tecsys from a “buy” rating to a “hold” rating and lowered their target price for the company from C$48.00 to C$28.50 in a research report on Thursday, February 12th. National Bank Financial raised their price objective on Tecsys from C$29.00 to C$32.00 and gave the stock a “sector perform” rating in a research note on Friday. Finally, Canadian Imperial Bank of Commerce reduced their target price on shares of Tecsys from C$50.00 to C$40.00 in a report on Thursday. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$37.50.

Tecsys Stock Performance

Shares of TSE TCS opened at C$29.11 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.40 and a debt-to-equity ratio of 7.68. Tecsys has a 12-month low of C$22.51 and a 12-month high of C$44.86. The firm has a market capitalization of C$429.31 million, a price-to-earnings ratio of 80.86 and a beta of 0.78. The firm has a 50 day moving average of C$26.94 and a 200 day moving average of C$31.85.

Tecsys (TSE:TCS) last issued its quarterly earnings results on Wednesday, March 4th. The company reported C$0.12 earnings per share for the quarter. The business had revenue of C$48.50 million for the quarter. Tecsys had a net margin of 3.15% and a return on equity of 8.57%. On average, research analysts anticipate that Tecsys will post 0.4600739 earnings per share for the current year.

Insider Activity at Tecsys

In other news, Director David Brereton sold 800 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of C$32.73, for a total value of C$26,184.00. Following the transaction, the director directly owned 737,772 shares in the company, valued at C$24,147,277.56. The trade was a 0.11% decrease in their ownership of the stock. Insiders sold 2,100 shares of company stock valued at $67,521 in the last quarter. 17.05% of the stock is owned by insiders.

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.