Tecsys Inc. (TSE:TCS) Stock Has Average Target Price of C$38.90

Tecsys Inc. (TSE:TCS) has been given an average recommendation of “Buy” by the six research firms that are presently covering the firm, Marketbeat Ratings reports. One 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 brokerages that have issued a report on the stock in the last year is C$38.90.

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

Insiders Place Their Bets

In other Tecsys news, Director David Brereton sold 2,400 shares of Tecsys stock in a transaction that occurred on Friday, September 11th. The shares were 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 of the company’s stock, valued at C$21,197,160. The trade was a 0.34% decrease in their ownership of the stock. Insiders have sold 4,600 shares of company stock worth $141,722 over the last 90 days. Insiders own 17.05% of the company’s stock.

Tecsys Trading Down 0.1%

Shares of TCS opened at C$37.26 on Tuesday. 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$537.18 million, a P/E ratio of 86.65 and a beta of 0.53. The stock’s fifty day simple moving average is C$34.51 and its 200 day simple moving average is C$32.08. Tecsys has a twelve month low of C$22.51 and a twelve month high of C$39.71.

Tecsys (TSE:TCS) last issued its earnings results on Thursday, September 10th. The company reported C$0.21 earnings per share for the quarter. Tecsys had a return on equity of 9.76% and a net margin of 3.24%. The firm had revenue of C$50.05 million for the quarter. On average, equities research analysts forecast that Tecsys will post 0.46 earnings per share for the current year.

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.