Tecsys Inc. (TSE:TCS) Stock Has Average Price Target of C$38.90 According to Analysts

Tecsys Inc. (TSE:TCS) has been assigned an average rating of “Buy” from the six ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$38.90.

Several equities analysts recently weighed in on TCS shares. ATB Cormark Capital Markets increased their price target on shares of Tecsys from C$41.00 to C$46.00 and gave the stock an “outperform” rating in a report on Monday, September 21st. TD set a C$39.00 price objective on shares of Tecsys and gave the company a “buy” rating in a research note on Wednesday, July 8th. National Bank Financial raised their target price on shares of Tecsys from C$40.00 to C$41.00 and gave the stock an “outperform” rating in a report on Monday, September 14th. TD Securities upgraded shares of Tecsys to a “strong-buy” rating in a research report on Thursday, July 9th. Finally, Canaccord Genuity Group raised shares of Tecsys to a “strong-buy” rating in a report on Thursday, August 6th.

Tecsys Stock Down 0.1%

Shares of TCS stock opened at C$38.10 on Tuesday. The stock’s 50-day simple moving average is C$35.26 and its 200-day simple moving average is C$32.29. The company has a debt-to-equity ratio of 8.33, a quick ratio of 1.40 and a current ratio of 1.12. The firm has a market capitalization of C$549.29 million, a PE ratio of 88.60 and a beta of 0.53. Tecsys has a fifty-two week low of C$22.51 and a fifty-two week high of C$39.71.

Tecsys (TSE:TCS) last released its earnings results on Thursday, September 10th. The company reported C$0.21 EPS for the quarter. The firm had revenue of C$50.05 million during the quarter. Tecsys had a return on equity of 9.76% and a net margin of 3.24%. Equities analysts expect that Tecsys will post 0.46 earnings per share for the current year.

Insider Activity

In other news, Director David Brereton sold 2,400 shares of the business’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of C$30.00, for a total value of C$72,000.00. Following the completion of the transaction, the director owned 706,572 shares of the company’s stock, valued at C$21,197,160. The trade was a 0.34% decrease in their position. Over the last ninety days, insiders sold 4,600 shares of company stock valued at $141,722. Insiders own 17.05% of the company’s stock.

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.