Ventum Financial Cuts Tecsys (TSE:TCS) Price Target to C$47.00

Tecsys (TSE:TCS - Get Free Report) had its target price dropped by research analysts at Ventum Financial from C$52.00 to C$47.00 in a report released on Monday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Ventum Financial's price objective indicates a potential upside of 21.60% from the stock's current price.

TCS has been the subject of a number of other reports. Cormark upgraded shares of Tecsys from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, March 19th. Raymond James Financial increased their price objective on Tecsys from C$45.00 to C$50.00 and gave the company an "outperform" rating in a report on Thursday, March 6th.

Tecsys Price Performance

Shares of TCS traded up C$2.25 during mid-day trading on Monday, hitting C$38.65. 9,558 shares of the company were exchanged, compared to its average volume of 10,326. The company has a 50 day moving average of C$41.58 and a 200-day moving average of C$42.70. Tecsys has a 1-year low of C$34.16 and a 1-year high of C$47.51. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.40 and a current ratio of 1.31. The stock has a market cap of C$569.86 million, a price-to-earnings ratio of 222.01 and a beta of 0.65.

Tecsys Company Profile

Tecsys Inc engages in the development, marketing, and sale of enterprise-wide supply chain management software and related services in Canada, the United States, Europe, and internationally. The company offers warehouse management, distribution and transportation management, supply management at point-of-use and order management and fulfillment, as well as financial management and analytics solutions.