BSM Tech (TSX: GPS), the Technology company, was revisited by a Wall Street analyst yesterday. Analyst Doug Taylor from Canaccord Genuity remains bullish on the stock and has a C$1.75 price target.
Taylor noted:
“BSM reported Q3 (June) results that were in line with our expectations and marginally ahead of the Street. While overall growth and churn metrics are unimpressive again this quarter, the company continues to execute on its platform consolidation plan with the goal of improving both KPIs in the coming year. BSM will host a call at 8:30am tomorrow in which we expect the focus will be on progress against these objectives. We maintain a BUY rating and a C$1.75 target.”
Taylor has an average return of 14.5% when recommending BSM Tech.
According to TipRanks.com, Taylor is ranked #1320 out of 4847 analysts.
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BSM Tech has an analyst consensus of Moderate Buy, with a price target consensus of C$1.75.
The company has a one-year high of C$1.57 and a one-year low of C$1.18. Currently, BSM Tech has an average volume of 40.42K.
BSM Technologies, Inc. develops and provides proprietary software-focused solutions to its customers in Canada, the United States and around the world. It also provides remote monitoring, fleet tracking, and fleet maintenance, and business intelligent engine providing real time, web-based tracking of mobile and fixed assets through its subsidiary, BSM Wireless, Inc. Its solutions include communication agnostic, capable of being deployed over cellular, Wi-Fi, or satellite networks. It also provides solutions for commercial, government, and law enforcement organizations that manage and operate diverse assets and large fleets, and seek to enhance customer service, improve the safety of their drivers and vehicles, and lower business costs. The company was founded on July 29, 1996 and is headquartered in Toronto, Canada.
The company’s shares closed on Tuesday at C$1.33.
