Enghouse Systems (TSE:ENGH) Given a C$16.00 Price Target at TD

Key Points

• TD assigned Enghouse Systems a C$16.00 price target and “hold” rating, implying just 1.52% upside from the prior close.
• Analyst sentiment remains cautious: CIBC and RBC recently cut their targets, while four analysts rate the stock “Hold”; the consensus target is C$17.60.
• Enghouse reported quarterly EPS of C$0.30 on revenue of C$114.28 million, with a 14.88% net margin and 11.97% return on equity.

Enghouse Systems (TSE:ENGH - Get Free Report) received a C$16.00 price objective from stock analysts at TD in a research report issued to clients and investors on Tuesday, BayStreet reports. The brokerage currently has a "hold" rating on the stock. TD's price objective indicates a potential upside of 1.52% from the stock's previous close.

Other equities research analysts have also recently issued research reports about the stock. Canadian Imperial Bank of Commerce dropped their price objective on shares of Enghouse Systems from C$18.00 to C$17.00 and set a "neutral" rating on the stock in a research note on Thursday, June 11th. Royal Bank Of Canada lowered their price target on shares of Enghouse Systems from C$20.00 to C$18.00 and set a "sector perform" rating on the stock in a report on Thursday, June 11th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, Enghouse Systems has an average rating of "Hold" and a consensus target price of C$17.60.

Enghouse Systems Stock Performance

Shares of Enghouse Systems stock traded down C$0.55 on Tuesday, reaching C$15.76. 163,279 shares of the company traded hands, compared to its average volume of 229,235. The company has a 50 day moving average of C$16.78 and a 200 day moving average of C$16.86. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.77 and a quick ratio of 1.84. Enghouse Systems has a 52 week low of C$14.80 and a 52 week high of C$21.83. The firm has a market capitalization of C$856.89 million, a PE ratio of 11.94, a PEG ratio of -4.19 and a beta of 0.19.

Enghouse Systems (TSE:ENGH - Get Free Report) last posted its quarterly earnings results on Tuesday, June 9th. The company reported C$0.30 EPS for the quarter. Enghouse Systems had a net margin of 14.88% and a return on equity of 11.97%. The company had revenue of C$114.28 million for the quarter. Equities analysts forecast that Enghouse Systems will post 1.6991295 earnings per share for the current year.

About Enghouse Systems

Enghouse Systems Limited is a Canadian publicly traded company TSX: ENGH that provides mission-critical vertically focused enterprise software solutions. Our core technologies are used for contact centers, video communications, virtual healthcare, education, telecommunications, networks, IPTV, public safety and transit. The Company's two-pronged strategy to grow earnings focuses on both organic growth and acquisitions, which, to date, have been funded through net cash provided by operating activities as the Company has no external debt financing.

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