Pason Systems (TSE:PSI) Stock Rating Upgraded by TD Securities

Pason Systems (TSE:PSI) was upgraded by stock analysts at TD Securities from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other research firms have also commented on PSI. TD raised shares of Pason Systems from a “hold” rating to a “buy” rating and increased their target price for the company from C$13.00 to C$18.00 in a research note on Tuesday. National Bank Financial cut their target price on shares of Pason Systems from C$17.00 to C$15.50 and set a “sector perform” rating for the company in a research note on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Pason Systems has an average rating of “Buy” and an average price target of C$15.13.

Pason Systems Stock Up 12.4%

PSI stock opened at C$15.40 on Tuesday. Pason Systems has a 12 month low of C$10.95 and a 12 month high of C$15.47. The firm has a market cap of C$1.20 billion, a PE ratio of 22.65, a P/E/G ratio of 10.78 and a beta of 0.41. The firm has a 50 day simple moving average of C$13.07 and a 200 day simple moving average of C$12.47. The company has a debt-to-equity ratio of 10.90, a current ratio of 1.98 and a quick ratio of 3.54.

Pason Systems (TSE:PSI) last released its earnings results on Thursday, February 26th. The company reported C$0.10 EPS for the quarter. Pason Systems had a net margin of 12.68% and a return on equity of 10.80%. The business had revenue of C$108.71 million during the quarter. Equities research analysts forecast that Pason Systems will post 1.229765 earnings per share for the current fiscal year.

Pason Systems Company Profile

Pason Systems Inc is an oilfield specialist with fully integrated drilling data solutions. A host of products allow customers to collect, manage, report, and analyze drilling data for performance optimization and cost control. The electronic drilling recorder is the company’s primary product, and provides a complete system of drilling data acquisition, data networking, drilling management tools, and reports at both the wellsite and customer office. Other product offerings include wellbore detection solutions, wellsite communications and bandwidth, wellbore gas analyzers, and software for data management.