TD Lowers Enghouse Systems (TSE:ENGH) Price Target to C$16.00

Enghouse Systems (TSE:ENGH) had its target price decreased by analysts at TD from C$17.00 to C$16.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD’s price objective points to a potential downside of 0.68% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the company. Canadian Imperial Bank of Commerce reduced their price objective on Enghouse Systems from C$18.00 to C$17.00 and set a “neutral” rating on the stock in a research report on Thursday. TD Securities dropped their price objective on Enghouse Systems from C$22.00 to C$17.00 and set a “hold” rating on the stock in a research note on Monday, March 16th. Finally, Royal Bank Of Canada dropped their price target on Enghouse Systems from C$22.00 to C$20.00 and set a “sector perform” rating on the stock in a research note on Monday, March 16th. Four analysts have rated the stock with a Hold rating, According to MarketBeat, Enghouse Systems currently has an average rating of “Hold” and a consensus target price of C$17.60.

Enghouse Systems Price Performance

Enghouse Systems stock traded up C$0.03 during mid-day trading on Thursday, reaching C$16.11. 301,024 shares of the company were exchanged, compared to its average volume of 266,367. The company has a fifty day simple moving average of C$17.19 and a 200-day simple moving average of C$18.18. Enghouse Systems has a 12 month low of C$14.80 and a 12 month 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 firm has a market cap of C$877.98 million, a PE ratio of 12.79, a PEG ratio of -4.19 and a beta of 0.01.

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