Laurentian lowers price target on TECSYS to $11.00

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TECSYS’s (TSX:TCS) second quarter results were in-line with Laurentian Bank Securities analyst Nick Agostino’s expectations, but the company’s cash postion and operating leverage were lower than he had modeled. On Tuesday, TECSYS reported its Q2, 2016 results. The company earned $367,000 on revenue of $15.8-million, a 16 per cent bump over 2015’s second quarter topline […]

TECSYS’s European operation could turn a profit within a year, says Laurentian

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The announced expansion of Quebec-based TECSYS (TSX:TCS) into Europe is being regarded as a minor positive that has little downside by Laurentian Bank Securities analyst Nick Agostino. Yesterday, TECSYS announced it would open a European headquarters and a United Kingdom-based customer care support centre led by its executive Mark Hawksley, who was appointed vice-president, global […]

TECSYS could beat consensus on foreign exchange gains, says Laurentian

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When TECSYS (TSX:TCS) reports its fourth quarter results tomorrow, the numbers could be better than expected due to gains from foreign exchange, says Laurentian Bank Securities analyst Nick Agostino. Tomorrow, TECSYS will report its fourth quarter and fiscal 2015 results. The company is following up on a Q3 in which it posted revenue of $15.0-million, […]

TECSYS gets price target raise to $11.00 at Cantor Fitzgerald Canada

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After speculating late last month that TECSYS (TSX:TCS) could “double or triple” in the next three years, Cantor Fitzgerald Canada analyst Justin Kew has raised his price target on the stock. In a research update to clients following the company’s third quarter results, Kew maintained his “Buy” rating, but raised his one year target on […]

TECSYS could double or triple, says Cantor Fitzgerald

TECSYS CEO Peter Brereton.

If the company keeps winning business at its current rate, TECSYS (TSX:TCS) shares could double or triple over the next three years, says Cantor Fitzgerald Canada analyst Justin Kew. On Thursday, TECSYS will report its Q3, 2015 results. Kew expects it will post EBITDA of $1.4 million on revenue of $14.2-million. Both numbers are in […]

TECSYS CEO Peter Brereton talks to Cantech Letter

TECSYS CEO Peter Brereton.

Mention the name TECSYS (TSX:TCS) to a casual observer and the image of a warehouse might spring to their mind. While the more than three-decades old company is indeed known to those who deal in pallet jacks and container tilters and trans-stackers, TECSYS was never really about any particular setting. The company is, in fact, […]

TECSYS gets price target raise at Cantor Fitzgerald Canada

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TECSYS’s (TSX:TCS) recent upward revenue trend is sustainable as the company continues to build its success in the healthcare vertical, says Cantor Fitzgerald Canada analyst Justin Kew. On Tuesday, TECSYS reported its Q2, 2015 results. The company earned $410,000 on revenue of $13.5-million, a 16% topline bump over the $11.7-million in revenue the company reported […]

TECSYS gets love from Gartner, Industrial Alliance

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Industrial Alliance Securities analyst Steve Li says there are many reasons to remain bullish about TECSYS (TSX:TCS). In a research update to clients this morning, Li maintained his “Strong Buy” rating and $10.50 one-year target on TECSYS, implying a return of 33.2% at the time of publication. Yesterday, TECSYS announced it had been granted patent […]

Tecsys gets price target raise at Paradigm

Paradigm Capital analyst Gabriel Leung says Tecsys is pursuing a "very significant" market opportunity in the healthcare vertical.

Paradigm analyst Gabriel Leung says Tecsys’s (TSX:TCS) most recent quarterly results confirm his bullish take on the company’s prospects. Yesterday, Tecsys reported its Q1, 2015 results. The company earned $343,000 on revenue of $13-million, up 23% from the $10.6-million topline the company posted in the same period last year. “This quarter we further extended our […]

Tecsys’s leadership role in healthcare validated by new contracts, says PI

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Three new contracts validate Tecsys’s (TSX:TCS) leadership role in providing supply chain solutions in the healthcare market, says PI analyst Pardeep Sangha. Yesterday, Tecsys announced it had added three “major” health systems as customers. CFO Berty Ho-Wo-Cheong commented on the development. “The rapid rate of change health care organizations are facing has driven the adoption […]