Pason Systems (TSE:PSI – Get Free Report) had its price target decreased by research analysts at BMO Capital Markets from C$21.00 to C$18.00 in a report released on Friday, BayStreet.CA reports. BMO Capital Markets’ price objective points to a potential upside of 25.09% from the stock’s previous close.
Several other equities analysts have also recently weighed in on PSI. TD Securities reduced their price target on Pason Systems from C$22.00 to C$20.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Barclays decreased their price target on Pason Systems from C$15.00 to C$13.00 in a research report on Thursday, August 15th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Pason Systems has a consensus rating of “Moderate Buy” and a consensus target price of C$17.83.
Check Out Our Latest Stock Report on Pason Systems
Pason Systems Stock Performance
Pason Systems (TSE:PSI – Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported C$0.14 earnings per share (EPS) for the quarter. The company had revenue of C$95.86 million for the quarter, compared to analyst estimates of C$90.20 million. Pason Systems had a net margin of 30.14% and a return on equity of 26.63%. On average, analysts expect that Pason Systems will post 1.227704 earnings per share for the current year.
About Pason Systems
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.
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