Tecsys (TSE:TCS) Given New C$46.00 Price Target at ATB Cormark Capital Markets

Tecsys (TSE:TCS) had its price objective lifted by equities researchers at ATB Cormark Capital Markets from C$41.00 to C$46.00 in a research report issued on Monday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price target would indicate a potential upside of 27.78% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on TCS. TD Securities upgraded Tecsys to a “strong-buy” rating in a research note on Thursday, July 9th. Canaccord Genuity Group upgraded Tecsys to a “strong-buy” rating in a research note on Thursday, August 6th. TD set a C$39.00 target price on shares of Tecsys and gave the stock a “buy” rating in a report on Wednesday, July 8th. Finally, National Bank Financial increased their price target on shares of Tecsys from C$40.00 to C$41.00 and gave the company an “outperform” rating in a research report on Monday, September 14th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$38.90.

Tecsys Stock Up 0.2%

TCS stock traded up C$0.07 during trading on Monday, hitting C$36.00. 20,130 shares of the company’s stock traded hands, compared to its average volume of 17,679. The firm has a market capitalization of C$519.01 million, a P/E ratio of 83.72 and a beta of 0.84. The business has a fifty day simple moving average of C$32.07 and a two-hundred day simple moving average of C$32.56. The company has a quick ratio of 1.40, a current ratio of 1.12 and a debt-to-equity ratio of 8.33. Tecsys has a 1 year low of C$22.51 and a 1 year high of C$38.00.

Tecsys (TSE:TCS) last posted its earnings results on Thursday, September 10th. The company reported C$0.21 earnings per share for the quarter. The company 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%. Sell-side analysts anticipate that Tecsys will post 0.4600739 EPS for the current year.

Insiders Place Their Bets

In related news, Director David Brereton sold 2,400 shares of the business’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of C$30.00, for a total transaction of C$72,000.00. Following the transaction, the director directly owned 706,572 shares in the company, valued at C$21,197,160. The trade was a 0.34% decrease in their position. In the last quarter, insiders sold 6,600 shares of company stock worth $205,322. 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.