Pason Systems (TSE:PSI) Given New C$20.00 Price Target at BMO Capital Markets

Pason Systems (TSE:PSI - Get Free Report) had its price target raised by stock analysts at BMO Capital Markets from C$18.00 to C$20.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. BMO Capital Markets' price objective would suggest a potential upside of 23.84% from the stock's previous close.

Separately, Stifel Nicolaus boosted their price objective on shares of Pason Systems from C$16.00 to C$17.00 and gave the company a "hold" rating in a research report on Wednesday, January 10th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of C$18.50.

Pason Systems Price Performance

PSI traded up C$0.07 during trading hours on Tuesday, hitting C$16.15. The company's stock had a trading volume of 138,994 shares, compared to its average volume of 145,174. The business's 50-day moving average price is C$15.01 and its 200-day moving average price is C$14.70. Pason Systems has a 12 month low of C$10.75 and a 12 month high of C$17.49. The stock has a market cap of C$1.28 billion, a price-to-earnings ratio of 13.40, a P/E/G ratio of 10.78 and a beta of 1.69. The company has a current ratio of 4.84, a quick ratio of 3.54 and a debt-to-equity ratio of 3.24.

Pason Systems (TSE:PSI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported C$0.11 earnings per share for the quarter. Pason Systems had a net margin of 26.41% and a return on equity of 24.51%. The company had revenue of C$93.30 million for the quarter, compared to analysts' expectations of C$86.65 million. Sell-side analysts expect that Pason Systems will post 1.2858226 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Russell Smith sold 7,000 shares of the company's stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of C$15.30, for a total value of C$107,100.00. 0.31% of the stock is owned by insiders.

Pason Systems Company Profile

Pason Systems Inc, together with its subsidiaries, provides instrumentation and data management systems for drilling rigs in Canada, the United States, and internationally. The company provides Electronic Drilling Recorder, which provides real-time drilling data to rig site personnel; DataHub with Pason Live, which is used as the central repository for data and reports captured at the rigs for real-time; and DataLink that provides automated in-house databases, third-party analytics platforms, remote geosteering, and other remote services.