Tecsys (TSE:TCS) Given New C$41.00 Price Target at ATB Cormark Capital Markets

Tecsys (TSE:TCS) had its price objective lifted by stock analysts at ATB Cormark Capital Markets from C$40.00 to C$41.00 in a research note issued to investors on Monday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price target would suggest a potential upside of 31.41% from the stock’s previous close.

TCS has been the subject of several other reports. TD set a C$39.00 target price on Tecsys and gave the company a “buy” rating in a research report on Wednesday, July 8th. TD Securities raised shares of Tecsys to a “strong-buy” rating in a report on Thursday, July 9th. Canaccord Genuity Group upgraded shares of Tecsys to a “strong-buy” rating in a research report on Thursday, August 6th. Finally, National Bank Financial raised their price objective on shares of Tecsys from C$40.00 to C$41.00 and gave the stock an “outperform” rating in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$37.90.

Tecsys Stock Performance

Shares of TSE TCS traded up C$0.78 during midday trading on Monday, reaching C$31.20. The company’s stock had a trading volume of 6,546 shares, compared to its average volume of 17,916. Tecsys has a 12-month low of C$22.51 and a 12-month high of C$38.00. The firm has a 50 day moving average price of C$32.00 and a 200-day moving average price of C$32.25. The stock has a market capitalization of C$449.81 million, a P/E ratio of 115.56 and a beta of 0.84. The company has a debt-to-equity ratio of 8.33, a current ratio of 1.12 and a quick ratio of 1.40.

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

Insiders Place Their Bets

In related news, Director David Brereton sold 1,700 shares of Tecsys stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of C$33.00, for a total value of C$56,100.00. Following the completion of the transaction, the director directly owned 714,572 shares in the company, valued at approximately C$23,580,876. The trade was a 0.24% decrease in their position. In the last ninety days, insiders have sold 4,200 shares of company stock valued at $133,322. 17.05% of the stock is currently owned by insiders.

About Tecsys

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.