Tecsys (TSE:TCS) Price Target Raised to C$52.00

Tecsys (TSE:TCS) had its price objective increased by equities research analysts at Ventum Financial from C$45.00 to C$52.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Ventum Financial’s price objective points to a potential upside of 19.07% from the stock’s previous close.

Separately, Cormark lowered shares of Tecsys from a “moderate buy” rating to a “hold” rating in a report on Monday, September 9th.

Tecsys Stock Up 0.1 %

Shares of TSE TCS traded up C$0.03 during mid-day trading on Friday, reaching C$43.67. 7,700 shares of the company were exchanged, compared to its average volume of 8,908. The firm has a 50-day moving average of C$42.06 and a 200 day moving average of C$39.68. The company has a quick ratio of 1.40, a current ratio of 1.38 and a debt-to-equity ratio of 2.87. Tecsys has a 1 year low of C$29.20 and a 1 year high of C$45.35. The stock has a market cap of C$645.88 million, a price-to-earnings ratio of 436.70 and a beta of 0.65.

Tecsys (TSE:TCS) last released its quarterly earnings data on Thursday, September 5th. The company reported C$0.05 EPS for the quarter, missing the consensus estimate of C$0.09 by C($0.04). The company had revenue of C$42.28 million during the quarter, compared to analysts’ expectations of C$44.89 million. Tecsys had a return on equity of 2.08% and a net margin of 0.86%. On average, research analysts expect that Tecsys will post 0.4600739 earnings per share for the current year.

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.