Canadian Imperial Bank of Commerce Has Lowered Expectations for Tecsys (TSE:TCS) Stock Price

Tecsys (TSE:TCS) had its price objective reduced by investment analysts at Canadian Imperial Bank of Commerce from C$50.00 to C$40.00 in a research note issued on Thursday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price objective suggests a potential upside of 39.47% from the stock’s previous close.

Several other equities analysts have also recently issued reports on TCS. National Bank Financial boosted their price target on shares of Tecsys from C$28.00 to C$29.00 and gave the company a “sector perform” rating in a research report on Thursday, January 22nd. Stifel Nicolaus cut Tecsys from a “buy” rating to a “hold” rating and cut their price objective for the company from C$48.00 to C$28.50 in a research report on Thursday, February 12th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Tecsys currently has an average rating of “Moderate Buy” and a consensus target price of C$38.90.

Tecsys Trading Up 10.3%

Shares of Tecsys stock traded up C$2.67 during midday trading on Thursday, reaching C$28.68. 71,265 shares of the company’s stock traded hands, compared to its average volume of 36,396. The stock has a 50 day moving average of C$27.06 and a 200-day moving average of C$31.96. Tecsys has a 12 month low of C$22.51 and a 12 month high of C$44.97. The company has a market cap of C$422.97 million, a PE ratio of 79.67 and a beta of 0.80. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.40 and a current ratio of 1.25.

Tecsys (TSE:TCS) last issued its quarterly earnings data on Wednesday, March 4th. The company reported C$0.12 earnings per share (EPS) for the quarter. Tecsys had a net margin of 2.91% and a return on equity of 8.05%. The business had revenue of C$48.50 million for the quarter. As a group, equities analysts expect that Tecsys will post 0.4600739 EPS for the current fiscal year.

Insider Activity

In related news, Director David Brereton sold 800 shares of Tecsys stock in a transaction dated Friday, December 12th. The shares were sold at an average price of C$32.73, for a total transaction of C$26,184.00. Following the completion of the transaction, the director directly owned 737,772 shares of the company’s stock, valued at C$24,147,277.56. This trade represents a 0.11% decrease in their position. In the last three months, insiders have sold 2,100 shares of company stock valued at $67,521. 17.05% of the stock is owned by company insiders.

About Tecsys

Tecsys Inc is engaged in the development and sale of enterprise supply chain management software for distribution, warehousing, transportation logistics, point-of-use and order management. It also provides related consulting, education and support services. The company serves healthcare systems, services parts, third-party logistics, retail and general wholesale distribution industries. Geographically, it derives a majority of revenue from the United States and also has a presence in Canada and Other Countries.