Tecsys (TSE:TCS) Stock Price Expected to Rise, National Bank Financial Analyst Says

Tecsys (TSE:TCS) had its price target hoisted by research analysts at National Bank Financial from C$32.00 to C$40.00 in a report issued on Monday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 13.31% from the company’s current price.

TCS has been the subject of several other research reports. ATB Cormark Capital Markets upgraded shares of Tecsys from a “hold” rating to a “moderate buy” rating and set a C$40.00 price objective for the company in a research note on Friday, March 6th. Stifel Nicolaus downgraded shares of Tecsys from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$48.00 to C$28.50 in a research report on Thursday, February 12th. Finally, Canadian Imperial Bank of Commerce dropped their target price on shares of Tecsys from C$50.00 to C$40.00 in a research report on Thursday, March 5th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$39.10.

Tecsys Stock Up 0.3%

Shares of TSE TCS traded up C$0.10 during trading hours on Monday, hitting C$35.30. 1,501 shares of the stock were exchanged, compared to its average volume of 28,283. The company has a quick ratio of 1.40, a current ratio of 1.19 and a debt-to-equity ratio of 7.68. The company has a market cap of C$516.79 million, a PE ratio of 88.25 and a beta of 0.49. The firm has a fifty day moving average price of C$28.49 and a 200-day moving average price of C$30.51. Tecsys has a 12 month low of C$22.51 and a 12 month high of C$44.86.

Tecsys (TSE:TCS) last posted its quarterly earnings data on Wednesday, March 4th. The company reported C$0.12 EPS for the quarter. The firm had revenue of C$48.50 million during the quarter. Tecsys had a net margin of 3.15% and a return on equity of 8.57%. On average, sell-side analysts expect that Tecsys will post 0.4600739 EPS for the current year.

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.