National Bank Financial Increases Tecsys (TSE:TCS) Price Target to C$41.00

Key Points

• National Bank Financial raised Tecsys’s price target from C$40 to C$41 and maintained an “outperform” rating, implying 31.41% upside from the prior close.
• Analyst sentiment remains positive: Tecsys has an average “Buy” rating and a consensus price target of C$37.90, with ratings including two Strong Buys, three Buys, and one Hold.
• Tecsys reported quarterly EPS of C$0.21 on C$50.05 million in revenue, while its shares traded at C$31.20; insiders own 17.05% of the company and have recently been net sellers.

Tecsys (TSE:TCS - Get Free Report) had its price objective lifted by equities research analysts at National Bank Financial from C$40.00 to C$41.00 in a research report issued on Monday, BayStreet reports. The brokerage currently has an "outperform" rating on the stock. National Bank Financial's price target would suggest a potential upside of 31.41% from the stock's previous close.

A number of other equities research analysts have also recently weighed in on TCS. TD set a C$39.00 price target on Tecsys and gave the company a "buy" rating in a report on Wednesday, July 8th. Canaccord Genuity Group upgraded Tecsys to a "strong-buy" rating in a research report on Thursday, August 6th. Finally, TD Securities raised Tecsys to a "strong-buy" rating in a research note on Thursday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Tecsys currently has an average rating of "Buy" and an average price target of C$37.90.

Tecsys Stock Performance

TSE TCS traded up C$0.78 during trading hours on Monday, hitting C$31.20. The company had a trading volume of 6,546 shares, compared to its average volume of 17,916. Tecsys has a fifty-two week low of C$22.51 and a fifty-two week high of C$38.00. The company has a quick ratio of 1.40, a current ratio of 1.12 and a debt-to-equity ratio of 8.33. The business has a fifty day simple moving average of C$32.00 and a 200-day simple moving average of C$32.25. The firm has a market cap of C$449.81 million, a P/E ratio of 115.56 and a beta of 0.84.

Tecsys (TSE:TCS - Get Free Report) last released its quarterly earnings results on Thursday, September 10th. The company reported C$0.21 EPS 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. Equities analysts predict that Tecsys will post 0.4600739 EPS for the current year.

Insider Buying and Selling at Tecsys

In other news, Director David Brereton sold 1,700 shares of the 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 C$23,580,876. This trade represents a 0.24% decrease in their ownership of the stock. Over the last ninety days, insiders have sold 4,200 shares of company stock valued at $133,322. Corporate insiders own 17.05% of the company's stock.

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.

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