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TSE:CTS

Converge Technology Solutions (CTS) Stock Price, News & Analysis

C$5.44
+0.09 (+1.68%)
(As of 03:21 PM ET)
Today's Range
C$5.30
C$5.57
50-Day Range
C$4.42
C$6.00
52-Week Range
C$2.24
C$6.06
Volume
295,705 shs
Average Volume
466,940 shs
Market Capitalization
C$1.11 billion
P/E Ratio
N/A
Dividend Yield
0.74%
Price Target
C$6.47

Converge Technology Solutions MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
19.0% Upside
C$6.47 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.02mentions of Converge Technology Solutions in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
C$66,944 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.19 out of 5 stars

CTS stock logo

About Converge Technology Solutions Stock (TSE:CTS)

Converge Technology Solutions Corp. provides software-enabled IT and cloud solutions in the United States and Canada. Its solutions approach delivers advanced analytics, artificial intelligence, application modernization, cloud, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries. The company also offers managed and talent services, and hardware and software products and solutions. Converge Technology Solutions Corp. was incorporated in 2016 and is headquartered in Toronto, Canada.

CTS Stock Price History

CTS Stock News Headlines

Can't believe it's happening again
One of the single most unique and powerful events in the markets is coming in the next two months. It’s scheduled for April 22, 2024. But investors are moving now to get ahead of what’s coming… driving up prices of one asset dramatically. And you should do the same.
Canadian Market Moderately Higher At Noon; Technology Stocks Rally
Converge Technology Solutions Corp.
Can't believe it's happening again
One of the single most unique and powerful events in the markets is coming in the next two months. It’s scheduled for April 22, 2024. But investors are moving now to get ahead of what’s coming… driving up prices of one asset dramatically. And you should do the same.
Converge Technology Solutions Corp
Converge Technology Solutions Corp (CTS)
Converge Provides Q4-2023 Cash Flow Update
Canadian Market Pares Early Gains In Cautious Trade
See More Headlines
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Company Calendar

Last Earnings
3/06/2024
Ex-Dividend for 3/26 Dividend
3/11/2024
Dividend Payable
3/26/2024
Today
4/16/2024
Next Earnings (Estimated)
5/14/2024

Industry, Sector and Symbol

Industry
Information Technology Services
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
2,700
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$6.47
High Stock Price Target
C$9.00
Low Stock Price Target
C$5.00
Potential Upside/Downside
+21.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

Net Income
C$-1,450,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$2.71 billion
Cash Flow
C$0.95 per share
Book Value
C$2.87 per share

Miscellaneous

Free Float
N/A
Market Cap
C$1.09 billion
Optionable
Not Optionable
Beta
1.91
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Key Executives

  • Mr. Greg Berard
    Chief Executive Officer
  • Ms. Julianne Belaga
    Chief Legal Officer
  • Mr. Shaun Peter Maine
    Group CEO & Director
  • Mr. John G. Teltsch Jr.
    Chief Revenue Officer
  • Mr. Avjitpal Kamboj
    Chief Financial Officer
  • Mr. Cory Reid
    COO & Chief Information Officer
  • Ms. Karie Timion
    Vice President of Marketing
  • Ms. Rhonda Hanes
    Vice President of People Operations
  • Mr. David Luftig
    Executive Vice President of Strategy & Solutions
  • Ms. Emily Martin
    Executive Vice President of Hybrid Platforms

CTS Stock Analysis - Frequently Asked Questions

Should I buy or sell Converge Technology Solutions stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Converge Technology Solutions in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CTS shares.
View CTS analyst ratings
or view top-rated stocks.

What is Converge Technology Solutions' stock price target for 2024?

7 Wall Street research analysts have issued 12-month price objectives for Converge Technology Solutions' stock. Their CTS share price targets range from C$5.00 to C$9.00. On average, they expect the company's stock price to reach C$6.47 in the next year. This suggests a possible upside of 19.0% from the stock's current price.
View analysts price targets for CTS
or view top-rated stocks among Wall Street analysts.

How have CTS shares performed in 2024?

Converge Technology Solutions' stock was trading at C$4.14 at the start of the year. Since then, CTS shares have increased by 31.4% and is now trading at C$5.44.
View the best growth stocks for 2024 here
.

When is Converge Technology Solutions' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our CTS earnings forecast
.

How were Converge Technology Solutions' earnings last quarter?

Converge Technology Solutions Corp. (TSE:CTS) issued its quarterly earnings results on Wednesday, March, 6th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.07. The firm had revenue of $651.09 million for the quarter, compared to the consensus estimate of $712.08 million. Converge Technology Solutions had a negative trailing twelve-month return on equity of 1.03% and a negative net margin of 0.05%.

How often does Converge Technology Solutions pay dividends? What is the dividend yield for Converge Technology Solutions?

Converge Technology Solutions declared a quarterly dividend on Tuesday, March 5th. Shareholders of record on Tuesday, March 12th will be paid a dividend of 0.01 per share on Tuesday, March 26th. This represents a $0.04 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Monday, March 11th.
Read our dividend analysis for CTS
.

Is Converge Technology Solutions a good dividend stock?

Converge Technology Solutions (TSE:CTS) pays an annual dividend of C$0.04 per share and currently has a dividend yield of 0.75%.
Read our dividend analysis for CTS.

How do I buy shares of Converge Technology Solutions?

Shares of CTS stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:CTS) was last updated on 4/16/2024 by MarketBeat.com Staff

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