Tecsys (TSE:TCS) Given New C$32.00 Price Target at National Bank Financial

Tecsys (TSE:TCS) had its price objective increased by National Bank Financial from C$29.00 to C$32.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

A number of other equities research analysts also recently weighed in on TCS. Stifel Nicolaus downgraded shares of Tecsys from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$48.00 to C$28.50 in a research note on Thursday, February 12th. Canadian Imperial Bank of Commerce lowered their target price on shares of Tecsys from C$50.00 to C$40.00 in a report on Thursday. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$37.50.

Tecsys Trading Up 0.7%

TCS stock traded up C$0.21 during midday trading on Friday, reaching C$29.11. The stock had a trading volume of 32,879 shares, compared to its average volume of 36,487. The business has a fifty day simple moving average of C$26.94 and a two-hundred day simple moving average of C$31.88. 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 firm has a market cap of C$429.31 million, a price-to-earnings ratio of 80.86 and a beta of 0.78. Tecsys has a twelve month low of C$22.51 and a twelve month high of C$44.86.

Tecsys (TSE:TCS) last announced its quarterly earnings data on Wednesday, March 4th. The company reported C$0.12 earnings per share for the quarter. The firm had revenue of C$48.50 million during the quarter. Tecsys had a return on equity of 8.57% and a net margin of 3.15%. As a group, research analysts expect that Tecsys will post 0.4600739 EPS for the current fiscal year.

Insider Activity at Tecsys

In other news, Director David Brereton sold 800 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of C$32.73, for a total value of C$26,184.00. Following the completion of the sale, the director directly owned 737,772 shares of the company’s stock, valued at C$24,147,277.56. This represents a 0.11% decrease in their position. Over the last three months, insiders sold 2,100 shares of company stock valued at $67,521. Corporate insiders own 17.05% of the company’s stock.

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.