Tecsys (TSE:TCS – Get Free Report) had its price objective upped by equities research analysts at National Bank Financial from C$40.00 to C$41.00 in a report issued on Monday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 31.41% from the company’s previous close.
TCS has been the subject of several other reports. Canaccord Genuity Group raised shares of Tecsys to a “strong-buy” rating in a research note on Thursday, August 6th. TD set a C$39.00 price target on shares of Tecsys and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Finally, TD Securities raised Tecsys to a “strong-buy” rating in a report on Thursday, July 9th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$37.90.
Check Out Our Latest Research Report on TCS
Tecsys Price Performance
Tecsys (TSE:TCS – Get Free Report) last posted its quarterly earnings data on Thursday, September 10th. The company reported C$0.21 earnings per share for the quarter. The company had revenue of C$50.05 million during the quarter. Tecsys had a net margin of 3.24% and a return on equity of 9.76%. Analysts anticipate that Tecsys will post 0.4600739 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Tecsys news, Director David Brereton sold 1,700 shares of the business’s stock in a transaction dated Friday, July 17th. The stock was sold at an average price of C$33.00, for a total transaction of C$56,100.00. Following the sale, the director owned 714,572 shares in the company, valued at approximately C$23,580,876. The trade was a 0.24% decrease in their position. Over the last 90 days, insiders sold 4,200 shares of company stock valued at $133,322. Company insiders own 17.05% of the company’s stock.
Tecsys Company Profile
Tecsys is trusted by mission-critical organizations in healthcare and distribution to build resilient, efficient and secure supply chains. A global provider of cloud-based, AI-driven software with deep domain expertise, Tecsys delivers real-time operational visibility and execution across critical workflows when performance and reliability matter most. Tecsys is publicly traded on the Toronto Stock Exchange (TCS). For more information, visit www.tecsys.com.
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