TD Upgrades Pason Systems (TSE:PSI) to Buy

Pason Systems (TSE:PSI) was upgraded by stock analysts at TD from a “hold” rating to a “buy” rating in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has a C$18.00 price target on the stock, up from their prior price target of C$13.00. TD’s price objective suggests a potential upside of 17.19% from the company’s current price.

Separately, National Bank Financial cut their price objective on Pason Systems from C$17.00 to C$15.50 and set a “sector perform” rating for the company in a report on Friday, January 9th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$15.13.

Pason Systems Stock Performance

Shares of PSI traded up C$1.66 during trading hours on Tuesday, hitting C$15.36. The stock had a trading volume of 467,658 shares, compared to its average volume of 200,046. The company has a debt-to-equity ratio of 10.90, a current ratio of 1.98 and a quick ratio of 3.54. Pason Systems has a 12 month low of C$10.95 and a 12 month high of C$15.37. The firm has a market capitalization of C$1.19 billion, a PE ratio of 22.59, a PEG ratio of 10.78 and a beta of 0.41. The stock has a fifty day moving average price of C$13.02 and a 200 day moving average price of C$12.44.

Pason Systems (TSE:PSI) last issued its quarterly earnings data on Thursday, February 26th. The company reported C$0.10 EPS for the quarter. Pason Systems had a return on equity of 10.80% and a net margin of 12.68%.The company had revenue of C$108.71 million during the quarter. Analysts anticipate that Pason Systems will post 1.229765 EPS for the current year.

About Pason Systems

Pason Systems Inc is an oilfield specialist with fully integrated drilling data solutions. A host of products allow customers to collect, manage, report, and analyze drilling data for performance optimization and cost control. The electronic drilling recorder is the company’s primary product, and provides a complete system of drilling data acquisition, data networking, drilling management tools, and reports at both the wellsite and customer office. Other product offerings include wellbore detection solutions, wellsite communications and bandwidth, wellbore gas analyzers, and software for data management.