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

Key Points

• Tecsys has a consensus “Buy” rating from six analysts, including three buys and two strong buys, with an average 12-month price target of C$38.90.
• Analysts have recently raised their outlook, including ATB Cormark increasing its price target to C$46.00 and National Bank Financial lifting its target to C$41.00.
• Tecsys reported quarterly EPS of C$0.21 on revenue of C$50.05 million. The stock opened at C$37.26, with a market capitalization of about C$537 million and a P/E ratio of 86.65.

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

TCS has been the subject of several research reports. Canaccord Genuity Group raised Tecsys to a "strong-buy" rating in a research note on Thursday, August 6th. ATB Cormark Capital Markets boosted their price objective on shares of Tecsys from C$41.00 to C$46.00 and gave the stock an "outperform" rating in a research report on Monday, September 21st. TD set a C$39.00 price objective on shares of Tecsys and gave the company a "buy" rating in a research note on Wednesday, July 8th. TD Securities upgraded shares of Tecsys to a "strong-buy" rating in a report on Thursday, July 9th. Finally, National Bank Financial lifted their target price on shares of Tecsys from C$40.00 to C$41.00 and gave the stock an "outperform" rating in a research report on Monday, September 14th.

Tecsys Stock Performance

TCS opened at C$37.26 on Tuesday. Tecsys has a 1-year low of C$22.51 and a 1-year high of C$39.71. The stock has a market cap of C$537.18 million, a P/E ratio of 86.65 and a beta of 0.53. The stock's 50 day simple moving average is C$34.51 and its 200 day simple moving average is C$32.08. The company has a debt-to-equity ratio of 8.33, a current ratio of 1.12 and a quick ratio of 1.40.

Tecsys (TSE:TCS - Get Free Report) last posted its earnings results on Thursday, September 10th. The company reported C$0.21 EPS for the quarter. The company had revenue of C$50.05 million for the quarter. Tecsys had a return on equity of 9.76% and a net margin of 3.24%. As a group, equities analysts anticipate that Tecsys will post 0.46 EPS for the current fiscal year.

Insider Activity

In other Tecsys news, Director David Brereton sold 2,400 shares of the 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 of the company's stock, valued at C$21,197,160. This represents a 0.34% decrease in their position. Insiders have sold a total of 4,600 shares of company stock worth $141,722 over the last quarter. Corporate insiders own 17.05% of the company's stock.

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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