Tecsys (TSE:TCS – Get Free Report) was upgraded by TD Securities to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.
A number of other brokerages also recently weighed in on TCS. TD set a C$39.00 target price on Tecsys and gave the company a “buy” rating in a report on Wednesday. National Bank Financial upgraded shares of Tecsys from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$40.00 to C$46.00 in a report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$38.70.
Get Our Latest Report on Tecsys
Tecsys Stock Performance
Tecsys (TSE:TCS – Get Free Report) last posted its quarterly earnings results on Monday, June 29th. The company reported C($0.02) earnings per share for the quarter. The business had revenue of C$50.05 million for the quarter. Tecsys had a net margin of 2.09% and a return on equity of 5.99%. On average, sell-side analysts anticipate that Tecsys will post 0.4600739 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, Director David Brereton sold 1,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of C$36.47, for a total transaction of C$36,470.00. Following the completion of the sale, the director directly owned 719,272 shares of the company’s stock, valued at C$26,231,849.84. This trade represents a 0.14% decrease in their position. Over the last quarter, insiders sold 2,800 shares of company stock valued at $98,919. Corporate insiders own 17.05% of the company’s stock.
About Tecsys
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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