BMO Capital Markets Lowers Pason Systems (TSE:PSI) Price Target to C$18.00

Pason Systems (TSE:PSI) had its target price lowered by BMO Capital Markets from C$21.00 to C$18.00 in a research note issued to investors on Friday morning, BayStreet.CA reports.

A number of other research firms also recently weighed in on PSI. Barclays decreased their price objective on Pason Systems from C$15.00 to C$13.00 in a report on Thursday, August 15th. TD Securities reduced their price target on Pason Systems from C$22.00 to C$20.00 and set a buy rating on the stock in a research report on Thursday, August 8th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of C$17.83.

Pason Systems Stock Performance

TSE:PSI opened at C$14.51 on Friday. The stock’s 50-day moving average is C$14.40 and its 200-day moving average is C$15.77. Pason Systems has a 1-year low of C$12.33 and a 1-year high of C$18.59. The company has a current ratio of 2.62, a quick ratio of 3.54 and a debt-to-equity ratio of 3.41. The stock has a market cap of C$1.16 billion, a P/E ratio of 10.01, a price-to-earnings-growth ratio of 10.78 and a beta of 1.60.

Pason Systems (TSE:PSI) last posted its earnings results on Wednesday, August 7th. The company reported C$0.14 earnings per share for the quarter. Pason Systems had a net margin of 30.14% and a return on equity of 26.63%. The firm had revenue of C$95.86 million for the quarter, compared to analyst estimates of C$90.20 million. Equities research analysts anticipate that Pason Systems will post 1.227704 earnings per share for the current year.

Pason Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were issued a $0.13 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.52 annualized dividend and a yield of 3.58%. Pason Systems’s payout ratio is 35.86%.

Pason Systems Company Profile

Pason Systems Inc, together with its subsidiaries, provides instrumentation and data management systems for drilling rigs in Canada, the United States, and internationally. The company provides Electronic Drilling Recorder, which provides real-time drilling data to rig site personnel; DataHub with Pason Live, which is used as the central repository for data and reports captured at the rigs for real-time; and DataLink that provides automated in-house databases, third-party analytics platforms, remote geosteering, and other remote services.