Enghouse Systems (TSE:ENGH) Price Target Raised to C$17.00 at TD

Enghouse Systems (TSE:ENGH) had its price objective increased by analysts at TD from C$16.00 to C$17.00 in a research report issued to clients and investors on Monday, BayStreet reports. The brokerage currently has a “hold” rating on the stock. TD’s price target suggests a potential downside of 1.39% from the company’s current price.

A number of other research firms have also recently weighed in on ENGH. Canadian Imperial Bank of Commerce lowered their price objective on Enghouse Systems from C$18.00 to C$17.00 and set a “neutral” rating for the company in a research report on Thursday, June 11th. Royal Bank Of Canada decreased their price target on Enghouse Systems from C$20.00 to C$18.00 and set a “sector perform” rating for the company in a research note on Thursday, June 11th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$17.80.

Enghouse Systems Stock Up 4.1%

TSE:ENGH traded up C$0.68 during midday trading on Monday, reaching C$17.24. 650,377 shares of the stock traded hands, compared to its average volume of 235,472. Enghouse Systems has a 12-month low of C$14.80 and a 12-month high of C$21.83. The business has a 50-day moving average of C$16.75 and a two-hundred day moving average of C$16.83. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.84 and a current ratio of 1.77. The stock has a market capitalization of C$937.36 million, a PE ratio of 13.06, a price-to-earnings-growth ratio of -4.19 and a beta of 0.19.

Enghouse Systems (TSE:ENGH) last released its quarterly earnings results on Thursday, September 10th. The company reported C$0.28 earnings per share (EPS) for the quarter. The business had revenue of C$117.58 million for the quarter. Enghouse Systems had a net margin of 14.75% and a return on equity of 11.70%. On average, equities analysts forecast that Enghouse Systems will post 1.6991295 earnings per share for the current fiscal year.

About Enghouse Systems

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.