Canadian Imperial Bank of Commerce Has Lowered Expectations for Enghouse Systems (TSE:ENGH) Stock Price

Enghouse Systems (TSE:ENGH) had its price target reduced by equities research analysts at Canadian Imperial Bank of Commerce from C$18.00 to C$17.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. Canadian Imperial Bank of Commerce’s target price points to a potential upside of 5.52% from the company’s previous close.

Several other equities analysts have also recently issued reports on the stock. Royal Bank Of Canada decreased their target price on shares of Enghouse Systems from C$22.00 to C$20.00 and set a “sector perform” rating for the company in a research note on Monday, March 16th. TD Securities dropped their target price on shares of Enghouse Systems from C$22.00 to C$17.00 and set a “hold” rating for the company in a report on Monday, March 16th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$17.60.

Enghouse Systems Stock Up 0.2%

Shares of TSE:ENGH traded up C$0.03 during trading hours on Thursday, hitting C$16.11. The company’s stock had a trading volume of 301,024 shares, compared to its average volume of 266,367. Enghouse Systems has a 52 week low of C$14.80 and a 52 week high of C$24.15. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.77 and a quick ratio of 1.84. The company has a market capitalization of C$877.98 million, a price-to-earnings ratio of 12.79, a P/E/G ratio of -4.19 and a beta of 0.01. The firm’s fifty day moving average price is C$17.19 and its 200 day moving average price is C$18.18.

Enghouse Systems (TSE:ENGH) last issued its quarterly earnings data on Tuesday, June 9th. The company reported C$0.30 earnings per share (EPS) for the quarter. The firm had revenue of C$114.28 million for the quarter. Enghouse Systems had a net margin of 14.88% and a return on equity of 11.97%. As a group, research analysts expect that Enghouse Systems will post 1.6991295 EPS for the current year.

About Enghouse Systems

Enghouse Systems Limited is a Canadian publicly traded company (TSX: ENGH) that provides mission-critical vertically focused enterprise software solutions. Our core technologies are used for contact centers, video communications, virtual healthcare, education, telecommunications, networks, IPTV, public safety and transit. The Company’s two-pronged strategy to grow earnings focuses on both organic growth and acquisitions, which, to date, have been funded through net cash provided by operating activities as the Company has no external debt financing.