Analysts Set Tecsys Inc. (TSE:TCS) Price Target at C$38.70

Tecsys Inc. (TSE:TCS) has earned an average recommendation of “Buy” from the six research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$38.70.

A number of equities analysts recently commented on TCS shares. TD set a C$39.00 price target on Tecsys and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Canaccord Genuity Group raised shares of Tecsys to a “strong-buy” rating in a report on Thursday, August 6th. National Bank Financial upgraded Tecsys from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$40.00 to C$46.00 in a research note on Wednesday, May 27th. Finally, TD Securities raised Tecsys to a “strong-buy” rating in a report on Thursday, July 9th.

Insider Buying and Selling

In related news, Director David Brereton sold 1,700 shares of the firm’s stock in a transaction dated Friday, July 17th. The stock was sold at an average price of C$33.00, for a total transaction of C$56,100.00. Following the completion of the transaction, the director owned 714,572 shares of the company’s stock, valued at C$23,580,876. This trade represents a 0.24% decrease in their ownership of the stock. Over the last 90 days, insiders have sold 4,200 shares of company stock worth $133,322. 17.05% of the stock is currently owned by company insiders.

Tecsys Stock Up 6.5%

Shares of TSE:TCS opened at C$30.42 on Monday. The company has a quick ratio of 1.40, a current ratio of 1.12 and a debt-to-equity ratio of 8.33. Tecsys has a 52-week low of C$22.51 and a 52-week high of C$38.00. The company has a 50 day moving average of C$32.00 and a two-hundred day moving average of C$32.19. The company has a market capitalization of C$438.57 million, a price-to-earnings ratio of 112.67 and a beta of 0.84.

Tecsys (TSE:TCS) last announced its earnings results on Thursday, September 10th. The company reported C$0.21 earnings per share for the quarter. Tecsys had a net margin of 3.24% and a return on equity of 9.76%. The business had revenue of C$50.05 million during the quarter. As a group, analysts forecast that Tecsys will post 0.4600739 earnings per share for the current fiscal year.

Tecsys Company Profile

Tecsys is trusted by mission-critical organizations in healthcare and distribution to build resilient, efficient and secure supply chains. A global provider of cloud-based, AI-driven software with deep domain expertise, Tecsys delivers real-time operational visibility and execution across critical workflows when performance and reliability matter most. Tecsys is publicly traded on the Toronto Stock Exchange (TCS). For more information, visit www.tecsys.com.