National Bank Financial Forecasts Strong Price Appreciation for Tecsys (TSE:TCS) Stock

Tecsys (TSE:TCS) had its target price upped by National Bank Financial from C$29.00 to C$32.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 9.10% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. Stifel Nicolaus cut shares of Tecsys from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$48.00 to C$28.50 in a research report on Thursday, February 12th. Canadian Imperial Bank of Commerce decreased their target price on shares of Tecsys from C$50.00 to C$40.00 in a research note on Thursday. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$37.50.

Tecsys Price Performance

TSE:TCS traded up C$0.43 during trading hours on Friday, hitting C$29.33. The company’s stock had a trading volume of 21,263 shares, compared to its average volume of 36,185. The stock has a fifty day simple moving average of C$27.00 and a 200-day simple moving average of C$31.94. The company has a market capitalization of C$432.56 million, a P/E ratio of 81.47 and a beta of 0.78. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.25 and a quick ratio of 1.40. Tecsys has a twelve month low of C$22.51 and a twelve month high of C$44.86.

Tecsys (TSE:TCS) last issued its earnings results on Wednesday, March 4th. The company reported C$0.12 EPS for the quarter. Tecsys had a return on equity of 8.05% and a net margin of 2.91%.The firm had revenue of C$48.50 million during the quarter. On average, analysts anticipate that Tecsys will post 0.4600739 EPS for the current fiscal year.

Insider Buying and Selling at Tecsys

In related news, Director David Brereton sold 800 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of C$32.73, for a total value of C$26,184.00. Following the sale, the director owned 737,772 shares of the company’s stock, valued at C$24,147,277.56. The trade was a 0.11% decrease in their ownership of the stock. Insiders have sold a total of 2,100 shares of company stock valued at $67,521 over the last quarter. 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.