ATB Cormark Capital Markets Increases Tecsys (TSE:TCS) Price Target to C$46.00

Key Points

• ATB Cormark raised Tecsys’ price target from C$41.00 to C$46.00 and maintained an “outperform” rating, implying 27.78% upside from the previous close.
• Analyst sentiment is broadly positive: Tecsys has a consensus “Buy” rating and an average price target of C$38.90, with several firms recently upgrading the stock to “buy” or “strong buy.”
• Tecsys reported quarterly revenue of C$50.05 million and EPS of C$0.21; its shares closed at C$36.00, while a director recently sold 2,400 shares for C$72,000.

Tecsys (TSE:TCS - Get Free Report) had its target price hoisted by investment analysts at ATB Cormark Capital Markets from C$41.00 to C$46.00 in a research report issued 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 27.78% from the stock's previous close.

TCS has been the topic of a number of other research reports. Canaccord Genuity Group upgraded Tecsys to a "strong-buy" rating in a research note on Thursday, August 6th. TD set a C$39.00 target price on shares of Tecsys and gave the company a "buy" rating in a research note on Wednesday, July 8th. National Bank Financial upped their price target on shares of Tecsys from C$40.00 to C$41.00 and gave the stock an "outperform" rating in a report on Monday, September 14th. Finally, TD Securities raised shares of Tecsys to a "strong-buy" rating in a research note on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of C$38.90.

Tecsys Trading Up 0.2%

TSE TCS traded up C$0.07 during trading on Monday, hitting C$36.00. The stock had a trading volume of 20,130 shares, compared to its average volume of 17,679. The company has a debt-to-equity ratio of 8.33, a quick ratio of 1.40 and a current ratio of 1.12. The stock has a market capitalization of C$519.01 million, a price-to-earnings ratio of 83.72 and a beta of 0.84. Tecsys has a one year low of C$22.51 and a one year high of C$38.00. The stock has a 50 day simple moving average of C$32.07 and a 200 day simple moving average of C$32.56.

Tecsys (TSE:TCS - Get Free Report) last released its earnings results on Thursday, September 10th. The company reported C$0.21 EPS for the quarter. Tecsys had a return on equity of 9.76% and a net margin of 3.24%.The firm had revenue of C$50.05 million for the quarter. Sell-side analysts predict that Tecsys will post 0.4600739 earnings per share for the current year.

Insider Activity

In other news, Director David Brereton sold 2,400 shares of the stock in a transaction on Friday, September 11th. The stock was sold at an average price of C$30.00, for a total transaction of C$72,000.00. Following the transaction, the director owned 706,572 shares of the company's stock, valued at approximately C$21,197,160. This represents a 0.34% decrease in their position. Over the last 90 days, insiders sold 6,600 shares of company stock worth $205,322. 17.05% of the stock is currently owned by corporate 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.

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