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

Pason Systems (TSE:PSI) had its price objective lowered by BMO Capital Markets from C$21.00 to C$18.00 in a research report released on Friday, BayStreet.CA reports.

Other research analysts have also recently issued research reports about the company. TD Securities lowered their target price on Pason Systems from C$22.00 to C$20.00 and set a buy rating for the company in a research note on Thursday, August 8th. Barclays lowered their price objective on Pason Systems from C$15.00 to C$13.00 in a research report on Thursday, August 15th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of C$17.83.

Pason Systems Stock Performance

Shares of PSI opened at C$14.39 on Friday. The stock has a market capitalization of C$1.15 billion, a price-to-earnings ratio of 9.92, a price-to-earnings-growth ratio of 10.78 and a beta of 1.60. The company has a debt-to-equity ratio of 3.41, a quick ratio of 3.54 and a current ratio of 2.62. The stock’s 50-day simple moving average is C$14.40 and its 200 day simple moving average is C$15.77. Pason Systems has a 52-week low of C$12.33 and a 52-week high of C$18.59.

Pason Systems (TSE:PSI) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$0.14 EPS for the quarter. Pason Systems had a return on equity of 26.63% and a net margin of 30.14%. The firm had revenue of C$95.86 million for the quarter, compared to analyst estimates of C$90.20 million. Research analysts forecast that Pason Systems will post 1.227704 EPS for the current fiscal year.

Pason Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.61%. Pason Systems’s dividend 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.