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

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Converge Technology Solutions in the last year. There are currently 2 hold ratings and 2 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.

4 brokerages have issued 12-month price targets for Converge Technology Solutions' stock. Their CTS share price forecasts range from C$3.50 to C$10.00. On average, they anticipate the company's stock price to reach C$7.33 in the next year. This suggests a possible upside of 161.6% from the stock's current price.
View analysts price targets for CTS or view top-rated stocks among Wall Street analysts.

Converge Technology Solutions' stock was trading at C$4.59 at the start of the year. Since then, CTS stock has decreased by 39.0% and is now trading at C$2.80.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our CTS earnings forecast.

Converge Technology Solutions Corp. (TSE:CTS) announced its quarterly earnings data on Wednesday, August, 9th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.03. The company had revenue of $665.81 million for the quarter, compared to analyst estimates of $647.23 million. Converge Technology Solutions had a net margin of 0.46% and a trailing twelve-month return on equity of 0.90%.

Converge Technology Solutions announced a quarterly dividend on Thursday, September 7th. Stockholders of record on Friday, September 22nd will be given a dividend of 0.01 per share on Friday, September 22nd. This represents a $0.04 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Thursday, September 7th.
Read our dividend analysis for CTS.

Converge Technology Solutions (TSE:CTS) pays an annual dividend of C$0.04 per share and currently has a dividend yield of 1.43%. The dividend payout ratio is 80.00%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for CTS.

Converge Technology Solutions trades on the Toronto Stock Exchange (TSX) under the ticker symbol "CTS."

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.
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One share of CTS stock can currently be purchased for approximately C$2.80.

Converge Technology Solutions (TSE:CTS) has a market capitalization of C$573.78 million and generates C$2.50 billion in revenue each year. The company earns C$11.55 million in net income (profit) each year or C$0.05 on an earnings per share basis.

Converge Technology Solutions' mailing address is 85 rue Victoria, 2nd Floor, Gatineau, QC J8X 2A3, Canada, . The official website for the company is www.convergetp.com. The company can be reached via phone at 416 360 1495.