National Bank Financial Upgrades Tecsys (TSE:TCS) to Outperform

Tecsys (TSE:TCS) was upgraded by equities researchers at National Bank Financial from a “sector perform” rating to an “outperform” rating in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a C$46.00 price target on the stock, up from their prior price target of C$40.00. National Bank Financial’s price objective points to a potential upside of 23.23% from the stock’s previous close.

Several other research firms have also commented on TCS. ATB Cormark Capital Markets upgraded Tecsys from a “hold” rating to a “moderate buy” rating and set a C$40.00 price objective for the company in a research note on Friday, March 6th. Stifel Nicolaus downgraded Tecsys from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$48.00 to C$28.50 in a research note on Thursday, February 12th. Finally, Canadian Imperial Bank of Commerce decreased their price objective on Tecsys from C$50.00 to C$40.00 in a research note on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$40.30.

Tecsys Stock Performance

TCS traded down C$0.25 during mid-day trading on Wednesday, reaching C$37.33. 15,225 shares of the company traded hands, compared to its average volume of 25,175. The stock has a market capitalization of C$546.51 million, a P/E ratio of 93.33 and a beta of 0.64. The company has a quick ratio of 1.40, a current ratio of 1.19 and a debt-to-equity ratio of 7.68. The company’s fifty day moving average price is C$32.09 and its 200-day moving average price is C$30.56. Tecsys has a 52-week low of C$22.51 and a 52-week high of C$43.96.

Tecsys (TSE:TCS) last announced its earnings results on Wednesday, March 4th. The company reported C$0.12 earnings per share for the quarter. The business had revenue of C$48.50 million during the quarter. Tecsys had a net margin of 3.15% and a return on equity of 8.57%. On average, sell-side analysts expect that Tecsys will post 0.4600739 EPS for the current year.

Tecsys Company Profile

Tecsys Inc is engaged in the development and sale of enterprise supply chain management software for distribution, warehousing, transportation logistics, point-of-use and order management. It also provides related consulting, education and support services. The company serves healthcare systems, services parts, third-party logistics, retail and general wholesale distribution industries. Geographically, it derives a majority of revenue from the United States and also has a presence in Canada and Other Countries.