Pason Systems (TSE:PSI) Price Target Lowered to C$18.00 at TD Securities

Pason Systems (TSE:PSI) had its price target lowered by equities researchers at TD Securities from C$20.00 to C$18.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target suggests a potential upside of 25.61% from the stock’s current price.

Several other brokerages also recently commented on PSI. BMO Capital Markets lowered their target price on Pason Systems from C$21.00 to C$18.00 in a research note on Friday. Barclays lowered their price objective on Pason Systems from C$15.00 to C$13.00 in a research note on Thursday, August 15th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$17.50.

Pason Systems Price Performance

PSI stock traded down C$0.18 during midday trading on Tuesday, reaching C$14.33. The company had a trading volume of 106,003 shares, compared to its average volume of 140,925. The company has a market capitalization of C$1.14 billion, a price-to-earnings ratio of 9.88, a price-to-earnings-growth ratio of 10.78 and a beta of 1.60. The stock has a 50 day moving average price of C$14.40 and a 200-day moving average price of C$15.77. Pason Systems has a 1-year low of C$12.33 and a 1-year high of C$18.59. The company has a debt-to-equity ratio of 3.41, a current ratio of 2.62 and a quick ratio of 3.54.

Pason Systems (TSE:PSI) last posted its quarterly earnings results on Wednesday, August 7th. The company reported C$0.14 EPS for the quarter. The business had revenue of C$95.86 million during the quarter, compared to the consensus estimate of C$90.20 million. Pason Systems had a return on equity of 26.63% and a net margin of 30.14%. Equities research analysts expect that Pason Systems will post 1.227704 earnings per share for the current year.

Pason Systems Company Profile

Pason Systems Inc, together with its subsidiaries, provides instrumentation and data management systems for drilling rigs in Canada, the United States, and internationally. The company provides Electronic Drilling Recorder, which provides real-time drilling data to rig site personnel; DataHub with Pason Live, which is used as the central repository for data and reports captured at the rigs for real-time; and DataLink that provides automated in-house databases, third-party analytics platforms, remote geosteering, and other remote services.