TD Reiterates C$39.00 Price Target for Tecsys (TSE:TCS)

Tecsys (TSE:TCS) has been given a C$39.00 price target by investment analysts at TD in a research report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD’s price target indicates a potential upside of 21.99% from the stock’s previous close.

Separately, National Bank Financial upgraded Tecsys from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$40.00 to C$46.00 in a research report on Wednesday, May 27th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Tecsys has an average rating of “Moderate Buy” and an average target price of C$38.70.

Tecsys Stock Performance

TCS stock traded up C$0.07 during midday trading on Wednesday, reaching C$31.97. The stock had a trading volume of 12,740 shares, compared to its average volume of 21,655. Tecsys has a 52-week low of C$22.51 and a 52-week high of C$39.51. The firm has a fifty day simple moving average of C$35.25 and a two-hundred day simple moving average of C$30.85. The company has a debt-to-equity ratio of 8.49, a quick ratio of 1.40 and a current ratio of 1.12. The stock has a market cap of C$461.45 million, a PE ratio of 118.41 and a beta of 0.84.

Tecsys (TSE:TCS) last posted its earnings results on Monday, June 29th. The company reported C($0.02) earnings per share for the quarter. The firm had revenue of C$50.05 million for the quarter. Tecsys had a net margin of 2.09% and a return on equity of 5.99%. As a group, equities research analysts anticipate that Tecsys will post 0.4600739 EPS for the current year.

Insider Buying and Selling

In other Tecsys news, Director David Brereton sold 1,000 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of C$36.47, for a total value of C$36,470.00. Following the transaction, the director directly owned 719,272 shares in the company, valued at C$26,231,849.84. The trade was a 0.14% decrease in their position. Insiders have sold 2,800 shares of company stock worth $98,919 over the last quarter. 17.05% of the stock is owned by insiders.

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.