Tecsys Inc. (TSE:TCS) Given Average Recommendation of “Buy” by Analysts

Shares of Tecsys Inc. (TSE:TCS) have been given a consensus rating of “Buy” by the six research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$38.70.

TCS has been the subject of several recent research reports. TD set a C$39.00 price objective on Tecsys and gave the company a “buy” rating in a research report on Wednesday, July 8th. Canaccord Genuity Group raised shares of Tecsys to a “strong-buy” rating in a research note on Thursday, August 6th. TD Securities upgraded shares of Tecsys to a “strong-buy” rating in a report on Thursday, July 9th. Finally, National Bank Financial raised shares of Tecsys from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$40.00 to C$46.00 in a research report on Wednesday, May 27th.

Tecsys Trading Down 1.0%

TSE TCS opened at C$32.63 on Thursday. Tecsys has a 1-year low of C$22.51 and a 1-year high of C$38.00. The company has a current ratio of 1.12, a quick ratio of 1.40 and a debt-to-equity ratio of 8.49. The stock has a 50-day moving average of C$34.19 and a 200-day moving average of C$31.45. The firm has a market cap of C$470.43 million, a PE ratio of 120.85 and a beta of 0.85.

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

Insider Activity at Tecsys

In other news, Director David Brereton sold 1,700 shares of the company’s stock in a transaction dated Friday, July 17th. The shares were sold at an average price of C$33.00, for a total transaction of C$56,100.00. Following the completion of the transaction, the director directly owned 714,572 shares of the company’s stock, valued at approximately C$23,580,876. This represents a 0.24% decrease in their ownership of the stock. Insiders have sold 4,700 shares of company stock worth $161,819 over the last ninety days. Corporate insiders own 17.05% of the company’s stock.

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.