Converge Technology Solutions Stock Price, News & Analysis (TSE:CTS) C$4.05 +0.07 (+1.76%) (As of 12/1/2023 ET) Add Compare Share Share Today's RangeC$3.96▼C$4.1050-Day RangeC$2.33▼C$4.2152-Week RangeC$2.24▼C$6.23Volume640,760 shsAverage Volume864,085 shsMarket CapitalizationC$827.58 millionP/E RatioN/ADividend Yield0.99%Price TargetC$6.33 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider TradesStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider Trades Converge Technology Solutions MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.75 Rating ScoreUpside/Downside56.4% UpsideC$6.33 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.93 out of 5 stars 3.4 Analyst's Opinion Consensus RatingConverge Technology Solutions has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$6.33, Converge Technology Solutions has a forecasted upside of 56.4% from its current price of C$4.05.Amount of Analyst CoverageConverge Technology Solutions has only been the subject of 2 research reports in the past 90 days. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for CTS. Previous Next 0.0 Dividend Strength Dividend YieldConverge Technology Solutions has a dividend yield of 0.96%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthConverge Technology Solutions does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CTS. Previous Next 2.8 News and Social Media Coverage News SentimentConverge Technology Solutions has a news sentiment score of 1.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 1 news article for Converge Technology Solutions this week, compared to 1 article on an average week.MarketBeat Follows2 people have added Converge Technology Solutions to their MarketBeat watchlist in the last 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Converge Technology Solutions insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 4.88% of the stock of Converge Technology Solutions is held by insiders.Percentage Held by InstitutionsOnly 30.90% of the stock of Converge Technology Solutions is held by institutions. Previous Next 1.3 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Converge Technology Solutions is -81.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Converge Technology Solutions is -81.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioConverge Technology Solutions has a PEG Ratio of 0.14. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioConverge Technology Solutions has a P/B Ratio of 1.42. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here 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, 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 Gatineau, Canada.Read More CTS Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CTS Stock News HeadlinesNovember 21, 2023 | finance.yahoo.comStone Group, A Converge Company, Achieves Dell Technologies Titanium Partner StatusNovember 18, 2023 | finance.yahoo.comConverge Technology Solutions (TSE:CTS) shareholder returns have been fantastic, earning 416% in 5 yearsDecember 2, 2023 | DTI Trader (Ad)New CBOE “special perk” helps traders target income every weekendYou might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange. November 15, 2023 | msn.com2 Canadian Stocks for Beginners in November 2023October 26, 2023 | finance.yahoo.comConverge Technology Solutions Achieves CRN Triple Crown StatusOctober 23, 2023 | msn.comConverge Technology: Many Doubts About The Company, But It Is Very CheapOctober 20, 2023 | markets.businessinsider.comScotiabank Thinks Converge Technology Solutions Corp’s Stock is Going to RecoverOctober 20, 2023 | markets.businessinsider.comConverge Technology Solutions Corp (CTS) Gets a Buy Rating from Echelon Wealth PartnersDecember 2, 2023 | DTI Trader (Ad)New CBOE “special perk” helps traders target income every weekendYou might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange. October 19, 2023 | theglobeandmail.comClosing Bell: Converge Technology Solutions Corp flat on Thursday (CTS)October 19, 2023 | finanznachrichten.deConverge Technology Solutions Corp.: Q3-2023 Performance to be Stronger than ExpectedOctober 19, 2023 | finance.yahoo.comQ3-2023 Performance to be Stronger than ExpectedOctober 16, 2023 | finance.yahoo.comSecond "Coffee and Converge" Event AnnouncedOctober 11, 2023 | finanznachrichten.deConverge Technology Solutions Corp.: Converge Technology Solutions Appoints Patrick Haupt as Managing Director of Converge GermanyOctober 3, 2023 | msn.comConverge Technology Solutions: On Hold Pending Confirmatory Data PointsAugust 25, 2023 | markets.businessinsider.comTSX Ends Modestly Higher; Technology, Energy Stocks Move UpAugust 14, 2023 | finance.yahoo.comBe Wary Of Converge Technology Solutions (TSE:CTS) And Its Returns On CapitalAugust 10, 2023 | finance.yahoo.comConverge Technology Solutions Corp. Places 34th on the 2023 CRN® Fast Growth 150 ListAugust 9, 2023 | finanznachrichten.deConverge Technology Solutions Corp.: Converge Announces Renewal of Normal Course Issuer BidAugust 9, 2023 | finance.yahoo.comConverge Announces Renewal of Normal Course Issuer BidAugust 9, 2023 | finance.yahoo.comConverge Technology Solutions Reports Second Quarter 2023 Financial ResultsJuly 30, 2023 | finance.yahoo.comConverge Technology Solutions Corp. (TSE:CTS) most popular amongst retail investors who own 60% of the shares, institutions hold 34%July 1, 2023 | finance.yahoo.comBullish Converge Technology Solutions Insiders Loaded Up On CA$720k Of StockMay 17, 2023 | theglobeandmail.comClosing Bell: Converge Technology Solutions Corp up on Wednesday (CTS)May 16, 2023 | markets.businessinsider.comTD Securities Thinks Converge Technology Solutions Corp’s Stock is Going to RecoverMay 16, 2023 | seekingalpha.comCTS:CA Converge Technology Solutions Corp.May 13, 2023 | markets.businessinsider.comConverge Technology Solutions Corp (CTS) was Downgraded to a Hold Rating at BMO CapitalSee More Headlines Receive CTS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Converge Technology Solutions and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 9/22 Dividend9/07/2023Dividend Payable9/22/2023Today12/02/2023Ex-Dividend for 12/28 Dividend12/12/2023Dividend Payable12/28/2023Next Earnings (Estimated)3/20/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE Industry Information Technology Services Sub-IndustryN/A SectorComputer and Technology Current SymbolTSE:CTS CUSIPN/A CIKN/A Webwww.convergetp.com Phone416 360 1495FaxN/AEmployeesN/AYear FoundedN/APrice Target and Rating Average Stock Price TargetC$6.33 High Stock Price TargetC$8.50 Low Stock Price TargetC$4.25 Potential Upside/Downside+56.4%Consensus RatingModerate Buy Rating Score (0-4)2.75 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)C($0.05) Trailing P/E RatioN/A Forward P/E Ratio6.98 P/E Growth0.14Net IncomeC$-10,850,000.00 Net Margins-0.40% Pretax MarginN/A Return on Equity-2.53% Return on Assets1.60% Debt Debt-to-Equity Ratio75.63 Current Ratio1.09 Quick Ratio0.68 Sales & Book Value Annual SalesC$2.70 billion Price / Sales0.31 Cash FlowC$0.72 per share Price / Cash Flow5.63 Book ValueC$2.86 per share Price / Book1.42Miscellaneous Outstanding Shares204,340,000Free FloatN/AMarket CapC$827.58 million OptionableNot Optionable Beta1.81 7 Energy Stocks to Buy and Hold ForeverDo you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.Get This Free Report Key ExecutivesMr. Shaun Peter MaineGroup CEO & DirectorMr. Greg BerardGlobal CEO & PresidentMs. Julianne BelagaChief Legal OfficerMr. John G. Teltsch Jr.Chief Revenue OfficerMr. Avjitpal KambojChief Financial OfficerMr. Cory ReidCOO & Chief Information OfficerMs. Karie TimionVice President of MarketingMs. Rhonda HanesVice President of People OperationsMr. David LuftigExecutive Vice President of Strategy & SolutionsMs. Emily MartinExecutive Vice President of Hybrid PlatformsMore ExecutivesKey CompetitorsSoftchoiceTSE:SFTCSolium CapitalTSE:SUMAbsolute SoftwareTSE:ABSTComputer Modelling GroupTSE:CMGDye & DurhamTSE:DNDView All CompetitorsInsidersAvjit KambojBought 14,000 shares on 8/16/2023Total: C$35,560.00 ($2.54/share)Toni RinowBought 2,950 shares on 5/17/2023Total: C$10,000.50 ($3.39/share)Greg BerardBought 9,308 shares on 12/30/2022Total: C$42,816.80 ($4.60/share)View All Insider Transactions CTS Stock Analysis - Frequently Asked Questions Should I buy or sell Converge Technology Solutions stock right now? 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Converge Technology Solutions in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research 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? 4 brokerages have issued 12 month target prices for Converge Technology Solutions' shares. Their CTS share price targets range from C$4.25 to C$8.50. On average, they expect the company's share price to reach C$6.33 in the next year. This suggests a possible upside of 56.4% 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 2023? Converge Technology Solutions' stock was trading at C$4.59 at the beginning of 2023. Since then, CTS stock has decreased by 11.8% and is now trading at C$4.05. View the best growth stocks for 2023 here. When is Converge Technology Solutions' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 20th 2024. View our CTS earnings forecast. How often does Converge Technology Solutions pay dividends? What is the dividend yield for Converge Technology Solutions? Converge Technology Solutions announced a quarterly dividend on Tuesday, December 12th. Shareholders of record on Thursday, December 28th will be paid a dividend of 0.01 per share on Thursday, December 28th. This represents a $0.04 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Tuesday, December 12th. 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 0.96%. 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 12/2/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Converge Technology Solutions Corp. Please log in to your account or sign up in order to add this asset to your watchlist. 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