Ventum Financial Forecasts Strong Price Appreciation for Tecsys (TSE:TCS) Stock

Tecsys (TSE:TCS) had its target price boosted by analysts at Ventum Financial from C$45.00 to C$52.00 in a report released on Friday,BayStreet.CA reports. Ventum Financial’s price target would indicate a potential upside of 20.65% from the company’s previous close.

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

Tecsys Stock Down 1.2 %

Tecsys stock opened at C$43.10 on Friday. Tecsys has a fifty-two week low of C$29.20 and a fifty-two week high of C$45.35. The company has a debt-to-equity ratio of 2.87, a quick ratio of 1.40 and a current ratio of 1.38. The company has a market capitalization of C$637.45 million, a P/E ratio of 431.00 and a beta of 0.65. The stock has a 50-day simple moving average of C$42.13 and a 200-day simple moving average of C$39.78.

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