Canadian Imperial Bank of Commerce Cuts Tecsys (TSE:TCS) Price Target to C$40.00

Tecsys (TSE:TCS) had its target price cut by Canadian Imperial Bank of Commerce from C$50.00 to C$40.00 in a research note published on Thursday,BayStreet.CA reports.

TCS has been the subject of a number of other research reports. Stifel Nicolaus cut Tecsys from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$48.00 to C$28.50 in a research report on Thursday, February 12th. National Bank Financial lifted their target price on shares of Tecsys from C$28.00 to C$29.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Tecsys presently has an average rating of “Moderate Buy” and an average price target of C$37.50.

Tecsys Trading Up 0.7%

TSE:TCS opened at C$29.11 on Thursday. The stock has a market capitalization of C$429.31 million, a price-to-earnings ratio of 80.86 and a beta of 0.78. Tecsys has a 52 week low of C$22.51 and a 52 week high of C$44.86. 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 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 released its quarterly earnings results on Wednesday, March 4th. The company reported C$0.12 earnings per share (EPS) 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%. As a group, sell-side analysts anticipate that Tecsys will post 0.4600739 earnings per share for the current fiscal year.

Insider Transactions at Tecsys

In related news, Director David Brereton sold 800 shares of the firm’s stock in a transaction on 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 completion of the transaction, the director owned 737,772 shares in the company, valued at C$24,147,277.56. This trade represents a 0.11% decrease in their position. In the last ninety days, insiders sold 2,100 shares of company stock valued at $67,521. Company insiders own 17.05% of the company’s stock.

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.