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

Tecsys (TSE:TCS) had its target price upped by Ventum Financial from C$45.00 to C$52.00 in a research report report published on Friday morning,BayStreet.CA reports.

Separately, Cormark downgraded Tecsys from a “moderate buy” rating to a “hold” rating in a research note on Monday, September 9th.

Tecsys Stock Performance

TSE TCS opened at C$43.10 on Friday. The business’s 50-day simple moving average is C$42.13 and its 200-day simple moving average is C$39.82. The firm has a market capitalization of C$637.45 million, a P/E ratio of 431.00 and a beta of 0.65. Tecsys has a 1-year low of C$29.20 and a 1-year high of C$45.35. The company has a debt-to-equity ratio of 2.87, a current ratio of 1.38 and a quick ratio of 1.40.

Tecsys (TSE:TCS) last posted its earnings results on Thursday, September 5th. The company reported C$0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.09 by C($0.04). The company had revenue of C$42.28 million during the quarter, compared to analyst estimates of C$44.89 million. Tecsys had a net margin of 0.86% and a return on equity of 2.08%. Equities analysts predict that Tecsys will post 0.4600739 EPS for the current year.

About Tecsys

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.