TD Securities Has Lowered Expectations for Pason Systems (TSE:PSI) Stock Price

Pason Systems (TSE:PSI) had its target price cut by equities research analysts at TD Securities from C$16.00 to C$13.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 15.97% from the company’s current price.

Separately, National Bankshares lowered their price objective on Pason Systems from C$20.00 to C$19.50 and set a “sector perform” rating for the company in a report on Thursday, December 19th.

Pason Systems Trading Up 2.0 %

TSE PSI opened at C$11.21 on Wednesday. The company’s fifty day moving average price is C$12.56 and its two-hundred day moving average price is C$13.51. The company has a market capitalization of C$892.35 million, a price-to-earnings ratio of 7.91, a price-to-earnings-growth ratio of 10.78 and a beta of 1.58. Pason Systems has a 12 month low of C$10.43 and a 12 month high of C$18.59. The company has a debt-to-equity ratio of 3.19, a current ratio of 2.59 and a quick ratio of 3.54.

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.