Tecsys Inc. (TSE:TCS) Receives C$38.70 Consensus Target Price from Brokerages

Shares of Tecsys Inc. (TSE:TCS) have earned an average recommendation of “Buy” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$38.70.

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

Insider Activity at Tecsys

In other 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 value of C$56,100.00. Following the completion of the sale, the director directly owned 714,572 shares in the company, valued at C$23,580,876. This trade represents a 0.24% decrease in their position. In the last three months, insiders sold 4,700 shares of company stock valued at $161,819. Company insiders own 17.05% of the company’s stock.

Tecsys Stock Up 0.1%

Shares of TSE:TCS opened at C$31.07 on Thursday. The company has a market capitalization of C$447.94 million, a price-to-earnings ratio of 115.07 and a beta of 0.85. The company has a debt-to-equity ratio of 8.49, a current ratio of 1.12 and a quick ratio of 1.40. The business’s 50-day moving average is C$33.63 and its 200-day moving average is C$31.59. Tecsys has a 1 year low of C$22.51 and a 1 year high of C$38.00.

Tecsys (TSE:TCS) last released its earnings results on Monday, June 29th. The company reported C($0.02) EPS for the quarter. The business had revenue of C$50.05 million for the quarter. Tecsys had a return on equity of 5.99% and a net margin of 2.09%. Equities research analysts predict that Tecsys will post 0.4600739 earnings per share for the current 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.