Tecsys Inc. (TSE:TCS) Stock Has Average Price Target of C$38.90

Key Points

• Analysts maintain a bullish view: Tecsys has an average “Buy” rating from six analysts, with an average 12-month price target of C$38.90. Recent targets include ATB Cormark’s increase to C$46.00 and National Bank Financial’s increase to C$41.00.
• Insiders have been selling shares: Director David Brereton sold 2,400 shares for C$72,000, while insiders sold 6,100 shares worth approximately C$189,822 over the past 90 days. Insiders still own 17.05% of the company.
• Tecsys reported quarterly revenue of C$50.05 million and earnings of C$0.21 per share, with a 3.24% net margin and 9.76% return on equity. The stock opened at C$38.53, near its 52-week high of C$39.71, and trades at a price-to-earnings ratio of 89.60.

Tecsys Inc. (TSE:TCS - Get Free Report) has been assigned an average rating of "Buy" from the six ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, three have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$38.90.

TCS has been the topic of a number of research reports. ATB Cormark Capital Markets raised their target price on shares of Tecsys from C$41.00 to C$46.00 and gave the stock an "outperform" rating in a research note on Monday, September 21st. 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. TD Securities raised Tecsys to a "strong-buy" rating in a research note on Thursday, July 9th. Finally, National Bank Financial boosted their price objective on Tecsys from C$40.00 to C$41.00 and gave the stock an "outperform" rating in a research note on Monday, September 14th.

Insider Activity at Tecsys

In other news, Director David Brereton sold 2,400 shares of Tecsys 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 in the company, valued at C$21,197,160. The trade was a 0.34% decrease in their position. In the last 90 days, insiders sold 6,100 shares of company stock worth $189,822. 17.05% of the stock is owned by insiders.

Tecsys Price Performance

Shares of TSE TCS opened at C$38.53 on Friday. The firm has a 50-day simple moving average of C$32.80 and a 200-day simple moving average of C$33.17. 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 stock has a market capitalization of C$555.49 million, a price-to-earnings ratio of 89.60 and a beta of 0.84. Tecsys has a 52 week low of C$22.51 and a 52 week high of C$39.71.

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

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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