Brokerages Set Tecsys Inc. (TSE:TCS) Target Price at C$38.70

Shares of Tecsys Inc. (TSE:TCS) have earned a consensus recommendation of “Buy” from the six ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$38.70.

A number of equities research analysts have commented on the stock. National Bank Financial raised shares of Tecsys from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from C$40.00 to C$46.00 in a report on Wednesday, May 27th. TD set a C$39.00 target price on shares of Tecsys and gave the stock a “buy” rating in a research note on Wednesday, July 8th. TD Securities upgraded shares of Tecsys to a “strong-buy” rating in a research report on Thursday, July 9th. Finally, Canaccord Genuity Group raised shares of Tecsys to a “strong-buy” rating in a research note on Thursday, August 6th.

Tecsys Stock Down 0.7%

Shares of TCS stock opened at C$28.25 on Monday. The company has a debt-to-equity ratio of 8.49, a current ratio of 1.12 and a quick ratio of 1.40. The stock has a fifty day moving average price of C$32.05 and a 200 day moving average price of C$32.18. The stock has a market cap of C$407.28 million, a P/E ratio of 104.63 and a beta of 0.84. Tecsys has a one year low of C$22.51 and a one year high of C$38.00.

Tecsys (TSE:TCS) last posted its earnings results on Monday, June 29th. The company reported C($0.02) earnings per share for the quarter. The firm had revenue of C$50.05 million during the quarter. Tecsys had a return on equity of 5.99% and a net margin of 2.09%. Analysts predict that Tecsys will post 0.4600739 earnings per share for the current year.

Insider Buying and Selling

In other Tecsys news, Director David Brereton sold 1,700 shares of the stock in a transaction on Friday, July 17th. The stock was sold at an average price of C$33.00, for a total value of C$56,100.00. Following the transaction, the director directly owned 714,572 shares in the company, valued at approximately C$23,580,876. This trade represents a 0.24% decrease in their position. In the last 90 days, insiders sold 5,900 shares of company stock valued at $195,328. 17.05% of the stock is currently owned by company insiders.

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.