Tecsys (TSE:TCS) Stock Price Expected to Rise, National Bank Financial Analyst Says

Tecsys (TSE:TCS) had its target price boosted by investment analysts at National Bank Financial from C$29.00 to C$32.00 in a research note issued on Friday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 9.93% from the company’s previous close.

Other analysts have also issued reports about the stock. Stifel Nicolaus lowered shares of Tecsys from a “buy” rating to a “hold” rating and decreased their price target for the company from C$48.00 to C$28.50 in a research 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 research 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 data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$37.50.

Tecsys Price Performance

Shares of TCS stock opened at C$29.11 on Friday. The company’s 50-day simple moving average is C$26.94 and its two-hundred day simple moving average is C$31.85. The company has a debt-to-equity ratio of 7.68, a current ratio of 1.19 and a quick ratio of 1.40. Tecsys has a one year low of C$22.51 and a one year high of C$44.86. The company has a market capitalization of C$429.31 million, a P/E ratio of 80.86 and a beta of 0.78.

Tecsys (TSE:TCS) last announced its quarterly earnings results on Wednesday, March 4th. The company reported C$0.12 EPS for the quarter. Tecsys had a return on equity of 8.57% and a net margin of 3.15%.The firm had revenue of C$48.50 million for the quarter. As a group, equities analysts anticipate that Tecsys will post 0.4600739 EPS for the current year.

Insiders Place Their Bets

In other news, Director David Brereton sold 800 shares of the company’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 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 ownership of the stock. Over the last 90 days, insiders sold 2,100 shares of company stock worth $67,521. 17.05% of the stock is currently owned by company 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.