Tecsys Inc. (TSE:TCS) Receives Consensus Rating of “Buy” from Analysts

Tecsys Inc. (TSE:TCS) has earned an average rating of “Buy” from the six research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$38.90.

Several brokerages have commented on TCS. Canaccord Genuity Group raised shares of Tecsys to a “strong-buy” rating in a research note on Thursday, August 6th. TD set a C$39.00 price target on shares of Tecsys and gave the stock a “buy” rating in a research report on Wednesday, July 8th. National Bank Financial boosted their price target on shares of Tecsys from C$40.00 to C$41.00 and gave the company an “outperform” rating in a report on Monday, September 14th. TD Securities upgraded shares of Tecsys to a “strong-buy” rating in a research report on Thursday, July 9th. Finally, ATB Cormark Capital Markets upped their price objective on shares of Tecsys from C$41.00 to C$46.00 and gave the company an “outperform” rating in a research report on Monday, September 21st.

Insider Transactions at Tecsys

In other Tecsys news, Director David Brereton sold 2,400 shares of the stock in a transaction dated Friday, September 11th. The stock was sold at an average price of C$30.00, for a total value of C$72,000.00. Following the completion of the sale, the director directly owned 706,572 shares in the company, valued at C$21,197,160. This represents a 0.34% decrease in their ownership of the stock. Insiders sold 6,100 shares of company stock valued at $189,822 over the last ninety days. 17.05% of the stock is currently owned by insiders.

Tecsys Price Performance

Tecsys stock opened at C$39.42 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.40 and a debt-to-equity ratio of 8.33. The firm has a market capitalization of C$568.32 million, a P/E ratio of 91.67 and a beta of 0.53. The business has a 50-day moving average of C$33.14 and a 200-day moving average of C$33.43. Tecsys has a 1 year low of C$22.51 and a 1 year high of C$39.71.

Tecsys (TSE:TCS) last announced its quarterly earnings results on Thursday, September 10th. The company reported C$0.21 earnings per share for the quarter. Tecsys had a net margin of 3.24% and a return on equity of 9.76%. The business had revenue of C$50.05 million for the quarter. On average, equities analysts anticipate that Tecsys will post 0.4600739 EPS for the current year.

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.