Canadian Imperial Bank of Commerce Has Lowered Expectations for Enghouse Systems (TSE:ENGH) Stock Price

Enghouse Systems (TSE:ENGH) had its price objective reduced by equities researchers at Canadian Imperial Bank of Commerce from C$18.00 to C$17.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. Canadian Imperial Bank of Commerce’s price objective indicates a potential upside of 5.52% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. TD Securities lowered their price target on Enghouse Systems from C$22.00 to C$17.00 and set a “hold” rating on the stock in a research report on Monday, March 16th. Royal Bank Of Canada lowered their target price on Enghouse Systems from C$22.00 to C$20.00 and set a “sector perform” rating for the company in a research report on Monday, March 16th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$17.60.

Enghouse Systems Stock Up 0.2%

ENGH stock traded up C$0.03 during mid-day trading on Thursday, hitting C$16.11. The stock had a trading volume of 301,024 shares, compared to its average volume of 266,367. The stock has a market capitalization of C$877.98 million, a price-to-earnings ratio of 12.79, a PEG ratio of -4.19 and a beta of 0.01. The company has a fifty day moving average of C$17.19 and a 200 day moving average of C$18.18. Enghouse Systems has a 1-year low of C$14.80 and a 1-year high of C$24.15. The company has a current ratio of 1.77, a quick ratio of 1.84 and a debt-to-equity ratio of 1.51.

Enghouse Systems (TSE:ENGH) last announced its earnings results on Tuesday, June 9th. The company reported C$0.30 earnings per share for the quarter. Enghouse Systems had a return on equity of 11.97% and a net margin of 14.88%.The firm had revenue of C$114.28 million during the quarter. On average, equities analysts expect that Enghouse Systems will post 1.6991295 EPS for the current fiscal year.

Enghouse Systems Company Profile

Enghouse Systems Limited is a Canadian publicly traded company (TSX: ENGH) that provides mission-critical vertically focused enterprise software solutions. Our core technologies are used for contact centers, video communications, virtual healthcare, education, telecommunications, networks, IPTV, public safety and transit. The Company’s two-pronged strategy to grow earnings focuses on both organic growth and acquisitions, which, to date, have been funded through net cash provided by operating activities as the Company has no external debt financing.