Tecsys (TSE:TCS) Price Target Raised to C$40.00 at National Bank Financial

Tecsys (TSE:TCS) had its price objective raised by National Bank Financial from C$32.00 to C$40.00 in a research report report published on Monday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Other equities research analysts also recently issued reports about the company. Canadian Imperial Bank of Commerce reduced their price objective on Tecsys from C$50.00 to C$40.00 in a research note on Thursday, March 5th. Stifel Nicolaus downgraded Tecsys from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$48.00 to C$28.50 in a research note on Thursday, February 12th. Finally, ATB Cormark Capital Markets raised Tecsys from a “hold” rating to a “moderate buy” rating and set a C$40.00 price objective for the company in a research note on Friday, March 6th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$39.10.

Tecsys Trading Up 0.9%

Shares of TSE TCS opened at C$35.50 on Monday. Tecsys has a 12 month low of C$22.51 and a 12 month high of C$44.86. The company has a market cap of C$519.72 million, a price-to-earnings ratio of 88.75 and a beta of 0.49. The company has a quick ratio of 1.40, a current ratio of 1.19 and a debt-to-equity ratio of 7.68. The business has a fifty day simple moving average of C$28.73 and a 200-day simple moving average of C$30.51.

Tecsys (TSE:TCS) last announced its 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 business had revenue of C$48.50 million during the quarter. Sell-side analysts predict that Tecsys will post 0.4600739 EPS for the current year.

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.