Tecsys (TSE:TCS) Rating Increased to Strong-Buy at TD Securities

TD Securities upgraded shares of Tecsys (TSE:TCS) to a strong-buy rating in a report released on Thursday morning,Zacks.com reports.

Several other brokerages have also issued reports on TCS. TD set a C$39.00 price target on Tecsys and gave the stock a “buy” rating in a research note on Wednesday. National Bank Financial raised Tecsys from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$40.00 to C$46.00 in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Tecsys has an average rating of “Buy” and a consensus target price of C$38.70.

Tecsys Stock Performance

TSE TCS opened at C$34.35 on Thursday. Tecsys has a 52-week low of C$22.51 and a 52-week high of C$39.51. The company has a debt-to-equity ratio of 8.49, a quick ratio of 1.40 and a current ratio of 1.12. The company has a market capitalization of C$495.81 million, a P/E ratio of 127.22 and a beta of 0.84. The company has a fifty day moving average of C$35.17 and a 200-day moving average of C$30.87.

Tecsys (TSE:TCS) last announced its earnings results on Monday, June 29th. The company reported C($0.02) earnings per share (EPS) for the quarter. The company had revenue of C$50.05 million during the quarter. Tecsys had a return on equity of 5.99% and a net margin of 2.09%. As a group, equities research analysts predict that Tecsys will post 0.4600739 EPS for the current fiscal year.

Insider Buying and Selling at Tecsys

In related news, Director David Brereton sold 1,000 shares of Tecsys stock in a transaction on Friday, June 12th. The shares were sold at an average price of C$36.47, for a total value of C$36,470.00. Following the sale, the director owned 719,272 shares in the company, valued at C$26,231,849.84. The trade was a 0.14% decrease in their ownership of the stock. In the last 90 days, insiders sold 2,800 shares of company stock valued at $98,919. 17.05% of the stock is currently owned by company insiders.

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.