Tecsys (TSE:TCS) Sets New 52-Week High - Should You Buy?

Key Points

• Tecsys shares reached a new 52-week high, trading around C$39.65 and valuing the company at approximately C$571 million.
• Analyst sentiment is broadly positive: the stock has a consensus “Buy” rating, including two Strong Buy ratings, although the average price target of C$38.90 is below the recent trading price.
• Tecsys reported quarterly revenue of C$50.05 million and earnings of C$0.21 per share. However, its valuation is elevated at a P/E ratio of 92.16, while insiders sold 6,100 shares over the past three months.

Shares of Tecsys Inc. (TSE:TCS - Get Free Report) hit a new 52-week high during mid-day trading on Monday. The company traded as high as C$39.51 and last traded at C$39.65, with a volume of 8130 shares. The stock had previously closed at C$39.40.

Analyst Upgrades and Downgrades

Several research firms recently commented on TCS. ATB Cormark Capital Markets upped their target price on shares of Tecsys from C$41.00 to C$46.00 and gave the company an "outperform" rating in a research note on Monday, September 21st. TD Securities upgraded shares of Tecsys to a "strong-buy" rating in a research report on Thursday, July 9th. Canaccord Genuity Group upgraded shares of Tecsys to a "strong-buy" rating in a report on Thursday, August 6th. TD set a C$39.00 price objective on shares of Tecsys and gave the company a "buy" rating in a research report on Wednesday, July 8th. Finally, National Bank Financial increased their target price on shares of Tecsys from C$40.00 to C$41.00 and gave the company an "outperform" rating in a research note on Monday, September 14th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of C$38.90.

Tecsys Stock Performance

The company has a debt-to-equity ratio of 8.33, a current ratio of 1.12 and a quick ratio of 1.40. The firm has a market cap of C$571.35 million, a P/E ratio of 92.16 and a beta of 0.84. The stock's 50 day moving average is C$32.93 and its two-hundred day moving average is C$33.26.

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

Insider Transactions at Tecsys

In other Tecsys 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 completion of the transaction, the director directly owned 706,572 shares of the company's stock, valued at approximately C$21,197,160. This trade represents a 0.34% decrease in their ownership of the stock. Insiders sold 6,100 shares of company stock worth $189,822 in the last three months. 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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