National Bank Financial Issues Positive Forecast for Tecsys (TSE:TCS) Stock Price
by Jessica Moore · The Cerbat GemTecsys (TSE:TCS – Get Free Report) had its price objective upped by National Bank Financial from C$29.00 to C$32.00 in a report released on Friday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 9.10% from the company’s previous close.
Other analysts also recently issued reports about the company. Stifel Nicolaus downgraded Tecsys from a “buy” rating to a “hold” rating and reduced their price target for the company from C$48.00 to C$28.50 in a research note on Thursday, February 12th. Canadian Imperial Bank of Commerce dropped their target price on Tecsys from C$50.00 to C$40.00 in a report on Thursday. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$37.50.
Read Our Latest Stock Report on TCS
Tecsys Stock Performance
Shares of TCS stock traded up C$0.43 during midday trading on Friday, hitting C$29.33. 21,263 shares of the company were exchanged, compared to its average volume of 36,185. Tecsys has a 52 week low of C$22.51 and a 52 week high of C$44.86. The firm has a market capitalization of C$432.56 million, a P/E ratio of 81.47 and a beta of 0.78. The firm’s 50 day moving average price is C$27.00 and its two-hundred day moving average price is C$31.94. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.40 and a current ratio of 1.25.
Tecsys (TSE:TCS – Get Free Report) last issued its quarterly earnings data on Wednesday, March 4th. The company reported C$0.12 earnings per share (EPS) for the quarter. Tecsys had a net margin of 2.91% and a return on equity of 8.05%. The firm had revenue of C$48.50 million during the quarter. As a group, equities research analysts anticipate that Tecsys will post 0.4600739 earnings per share for the current year.
Insider Buying and Selling
In related news, Director David Brereton sold 800 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of C$32.73, for a total transaction of C$26,184.00. Following the completion of the sale, the director owned 737,772 shares of the company’s stock, valued at C$24,147,277.56. This represents a 0.11% decrease in their ownership of the stock. Insiders sold a total of 2,100 shares of company stock valued at $67,521 over the last three months. 17.05% of the stock is owned by insiders.
About Tecsys
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.