Tecsys (TSE:TCS) Price Target Raised to C$41.00

Tecsys (TSE:TCS) had its target price boosted by National Bank Financial from C$40.00 to C$41.00 in a research report report published on Monday morning,BayStreet reports. They currently have an outperform rating on the stock.

Other equities analysts have also recently issued reports about the stock. TD set a C$39.00 price target on shares of Tecsys and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Canaccord Genuity Group raised shares of Tecsys to a “strong-buy” rating in a research report on Thursday, August 6th. Finally, TD Securities raised shares of Tecsys to a “strong-buy” rating in a research note on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$37.90.

Tecsys Stock Down 0.9%

Shares of TCS opened at C$32.78 on Monday. The company has a market cap of C$472.59 million, a PE ratio of 76.23 and a beta of 0.84. The business has a fifty day moving average of C$32.05 and a 200 day moving average of C$32.43. Tecsys has a 52-week low of C$22.51 and a 52-week high of C$38.00. The company has a quick ratio of 1.40, a current ratio of 1.12 and a debt-to-equity ratio of 8.33.

Tecsys (TSE:TCS) last posted its quarterly earnings data on Thursday, September 10th. The company reported C$0.21 earnings per share for the quarter. Tecsys had a net margin of 3.24% and a return on equity of 9.76%. The business had revenue of C$50.05 million for the quarter. On average, sell-side analysts expect that Tecsys will post 0.4600739 EPS for the current year.

Insider Buying and Selling at Tecsys

In other 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 sale, the director directly owned 706,572 shares in the company, valued at approximately C$21,197,160. This trade represents a 0.34% decrease in their ownership of the stock. Insiders sold 6,600 shares of company stock worth $205,322 in the last ninety days. 17.05% of the stock is currently owned by company insiders.

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.