TD Forecasts Strong Price Appreciation for Enghouse Systems (TSE:ENGH) Stock

Key Points

• TD raised Enghouse Systems’ price target to C$17.00 from C$16.00 but maintained a “hold” rating, implying 1.39% downside from the prior close.
• Analyst sentiment remains cautious: RBC and CIBC lowered their targets, while the consensus rating is “Hold” with an average price target of C$17.80.
• Enghouse shares rose 4.1% to C$17.24 in Monday trading. The company recently reported quarterly EPS of C$0.28 and revenue of C$117.58 million.

Enghouse Systems (TSE:ENGH - Get Free Report) had its price objective boosted by TD from C$16.00 to C$17.00 in a note issued to investors on Monday, BayStreet reports. The firm presently has a "hold" rating on the stock. TD's target price suggests a potential downside of 1.39% from the company's previous close.

A number of other equities research analysts have also weighed in on ENGH. Royal Bank Of Canada decreased their target price on Enghouse Systems from C$20.00 to C$18.00 and set a "sector perform" rating for the company in a research report on Thursday, June 11th. Canadian Imperial Bank of Commerce dropped their price target on Enghouse Systems from C$18.00 to C$17.00 and set a "neutral" rating on the stock in a research report on Thursday, June 11th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of C$17.80.

Enghouse Systems Trading Up 4.1%

Enghouse Systems stock traded up C$0.68 during trading hours on Monday, hitting C$17.24. The company had a trading volume of 650,377 shares, compared to its average volume of 235,472. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.84 and a current ratio of 1.77. The firm has a market cap of C$937.36 million, a P/E ratio of 13.06, a P/E/G ratio of -4.19 and a beta of 0.19. The company has a 50-day moving average price of C$16.75 and a two-hundred day moving average price of C$16.83. Enghouse Systems has a 1 year low of C$14.80 and a 1 year high of C$21.83.

Enghouse Systems (TSE:ENGH - Get Free Report) last posted its quarterly earnings results on Thursday, September 10th. The company reported C$0.28 earnings per share for the quarter. The firm had revenue of C$117.58 million during the quarter. Enghouse Systems had a net margin of 14.75% and a return on equity of 11.70%. On average, sell-side analysts anticipate 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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