Tecsys Inc. (TSE:TCS) Given Average Rating of "Buy" by Analysts

Key Points

• Tecsys has a consensus “Buy” rating from six analysts: three rate it Buy, two Strong Buy, and one Hold. The average 12-month price target is C$38.70, with recent upgrades including National Bank Financial to Outperform and Canaccord Genuity to Strong Buy.
• Company insiders sold 4,700 shares worth approximately C$161,819 over the past 90 days, though insiders still own 17.05% of Tecsys.
• Tecsys reported quarterly revenue of C$50.05 million and a loss of C$0.02 per share. The stock opened at C$32.63, compared with a 52-week range of C$22.51 to C$38.00, and trades at a P/E ratio of 120.85.

Tecsys Inc. (TSE:TCS - Get Free Report) has received a consensus rating of "Buy" from the six analysts that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is C$38.70.

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

Insider Buying and Selling at Tecsys

In related news, Director David Brereton sold 1,700 shares of the business's stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of C$33.00, for a total value of C$56,100.00. Following the completion of the sale, the director owned 714,572 shares in the company, valued at C$23,580,876. The trade was a 0.24% decrease in their position. Over the last 90 days, insiders sold 4,700 shares of company stock worth $161,819. Company insiders own 17.05% of the company's stock.

Tecsys Price Performance

TCS stock opened at C$32.63 on Thursday. 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 business has a 50-day simple moving average of C$34.19 and a two-hundred day simple moving average of C$31.45. The company has a market capitalization of C$470.43 million, a P/E ratio of 120.85 and a beta of 0.85. Tecsys has a 52-week low of C$22.51 and a 52-week high of C$38.00.

Tecsys (TSE:TCS - Get Free Report) last posted its earnings results on Monday, June 29th. The company reported C($0.02) earnings per share for the quarter. The company had revenue of C$50.05 million during the quarter. Tecsys had a net margin of 2.09% and a return on equity of 5.99%. Research analysts expect 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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