Tecsys (TSE:TCS – Get Rating)‘s stock had its “buy” rating reissued by investment analysts at Echelon Wealth Partners in a research report issued on Friday. They presently have a C$45.00 price target on the stock. Echelon Wealth Partners’ price target would indicate a potential upside of 32.35% from the company’s previous close.
Several other research analysts have also commented on TCS. Cormark cut their price target on shares of Tecsys from C$50.00 to C$47.50 and set an “outperform” rating on the stock in a report on Monday, July 4th. National Bankshares cut their price target on shares of Tecsys from C$55.00 to C$50.00 and set an “outperform” rating on the stock in a report on Monday, July 4th. BMO Capital Markets cut their price target on shares of Tecsys from C$54.00 to C$47.00 in a report on Monday, July 4th. Raymond James cut their price target on shares of Tecsys from C$60.00 to C$50.00 and set an “outperform” rating on the stock in a report on Thursday, June 30th. Finally, Stifel Nicolaus dropped their price objective on shares of Tecsys from C$52.00 to C$48.00 in a research note on Monday, July 4th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$47.92.
Tecsys Price Performance
TSE:TCS traded down C$0.25 during mid-day trading on Friday, hitting C$34.00. 5,291 shares of the company’s stock traded hands, compared to its average volume of 24,140. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.55 and a current ratio of 1.71. The firm’s 50 day simple moving average is C$34.76 and its 200 day simple moving average is C$32.21. Tecsys has a 1 year low of C$24.92 and a 1 year high of C$61.06. The company has a market cap of C$495.14 million and a PE ratio of 113.33.
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Tecsys (TSE:TCS – Get Rating) last released its quarterly earnings results on Wednesday, June 29th. The company reported C$0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.07 by C$0.02. The firm had revenue of C$34.29 million for the quarter, compared to analyst estimates of C$35.95 million. Sell-side analysts expect that Tecsys will post 0.67 EPS for the current year.
Insiders Place Their Bets
In other Tecsys news, Director Kathleen M. Miller bought 1,500 shares of the stock in a transaction on Wednesday, June 15th. The shares were bought at an average price of C$32.48 per share, with a total value of C$48,715.68. Following the purchase, the director now directly owns 2,500 shares in the company, valued at approximately C$81,192.80.
Tecsys Company Profile
Tecsys Inc engages in the development, marketing, and sale of enterprise-wide supply chain management software and related services in Canada, the United States, Europe, and internationally. The company offers warehouse management, distribution and transportation management, supply management at point-of-use and order management and fulfillment, as well as financial management and analytics solutions.
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