Tecsys Inc. (TSE:TCS) Given Average Recommendation of "Buy" by Brokerages

Key Points

• Analysts maintain a bullish view: Tecsys has a consensus “Buy” rating from six brokerages, with an average 12-month price target of C$38.70.
• Recent upgrades include Canaccord Genuity and TD Securities to “strong buy,” while National Bank Financial raised its rating to “outperform” and lifted its target to C$46.00.
• Insiders have been net sellers: insiders sold 5,900 shares worth approximately C$195,328 over the past three months, though insiders still own 17.05% of the company.

Shares of Tecsys Inc. (TSE:TCS - Get Free Report) have been given a consensus recommendation of "Buy" by the six research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$38.70.

A number of analysts have recently weighed in on TCS shares. Canaccord Genuity Group raised Tecsys to a "strong-buy" rating in a research report on Thursday, August 6th. TD set a C$39.00 target price on Tecsys and gave the company a "buy" rating in a report on Wednesday, July 8th. TD Securities raised Tecsys to a "strong-buy" rating in a research note on Thursday, July 9th. Finally, National Bank Financial upgraded Tecsys from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from C$40.00 to C$46.00 in a report on Wednesday, May 27th.

Insider Activity

In other news, Director David Brereton sold 1,700 shares of the business's stock in a transaction dated Friday, July 17th. The stock was sold at an average price of C$33.00, for a total transaction of C$56,100.00. Following the completion of the transaction, the director directly owned 714,572 shares of the company's stock, valued at approximately C$23,580,876. The trade was a 0.24% decrease in their ownership of the stock. In the last three months, insiders sold 5,900 shares of company stock valued at $195,328. Company insiders own 17.05% of the company's stock.

Tecsys Stock Performance

TSE TCS opened at C$29.20 on Monday. The company has a debt-to-equity ratio of 8.49, a quick ratio of 1.40 and a current ratio of 1.12. The firm has a market cap of C$420.98 million, a price-to-earnings ratio of 108.15 and a beta of 0.84. The firm has a 50 day simple moving average of C$32.30 and a 200-day simple moving average of C$32.07. Tecsys has a one year low of C$22.51 and a one year high of C$38.00.

Tecsys (TSE:TCS - Get Free Report) last announced its earnings results on Monday, June 29th. The company reported C($0.02) earnings per share for the quarter. Tecsys had a return on equity of 5.99% and a net margin of 2.09%.The business had revenue of C$50.05 million for the quarter. Equities research analysts anticipate that Tecsys will post 0.4600739 EPS for the current fiscal year.

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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