TSE:CTS Converge Technology Solutions (CTS) Stock Forecast, Price & News C$2.80 +0.01 (+0.36%) (As of 09/28/2023 ET) Add Compare Share Share Today's RangeC$2.75▼C$2.8350-Day RangeC$2.46▼C$3.2852-Week RangeC$2.39▼C$7.18Volume323,597 shsAverage Volume948,570 shsMarket CapitalizationC$573.78 millionP/E Ratio56.00Dividend Yield1.43%Price TargetC$7.33 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesOptions ChainSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesOptions ChainSocial Media Converge Technology Solutions MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside161.6% UpsideC$7.33 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingAcquiring SharesC$35,560 Bought Last QuarterProj. 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.2.38 out of 5 stars 3.3 Analyst's Opinion Consensus RatingConverge Technology Solutions has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$7.33, Converge Technology Solutions has a forecasted upside of 161.6% from its current price of C$2.80.Amount of Analyst CoverageConverge Technology Solutions has only been the subject of 1 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 0.8 Dividend Strength Dividend YieldConverge Technology Solutions pays a meaningful dividend of 1.43%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthConverge Technology Solutions does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Converge Technology Solutions is 80.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CTS. Previous Next 0.6 News and Social Media Coverage Search Interest1 people have searched for CTS on MarketBeat in the last 30 days. MarketBeat FollowsOnly 1 people have added Converge Technology Solutions to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Converge Technology Solutions insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$35,560.00 in company stock and sold C$0.00 in 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 3.1 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Converge Technology Solutions is 56.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.26.Price to Earnings Ratio vs. SectorThe P/E ratio of Converge Technology Solutions is 56.00, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 269.41.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 0.98. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Converge Technology Solutions (TSE:CTS) StockConverge 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 Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CTS Stock News HeadlinesAugust 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 CapitalSeptember 28, 2023 | Chaikin Analytics (Ad)This Stock Could Go Up 66% or More.Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023. Click here to get his latest buy. More here.August 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%September 28, 2023 | Chaikin Analytics (Ad)This Stock Could Go Up 66% or More.Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023. Click here to get his latest buy. More here.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 CapitalMay 9, 2023 | finanznachrichten.deConverge Technology Solutions Corp.: Converge Announces Conclusion of Strategic Review ProcessMay 9, 2023 | finanznachrichten.deConverge Technology Solutions Corp.: Converge Technology Solutions Reports Strong Q1 2023 Results and Declares Quarterly Cash DividendMay 9, 2023 | finance.yahoo.comConverge Announces Conclusion of Strategic Review ProcessMay 9, 2023 | finance.yahoo.comConverge Technology Solutions Corp. Appoints Avjit Kamboj to Chief Financial OfficerMay 9, 2023 | finance.yahoo.comConverge Technology Solutions Reports Strong Q1 2023 Results and Declares Quarterly Cash DividendApril 27, 2023 | theglobeandmail.comClosing Bell: Converge Technology Solutions Corp down on Thursday (CTS)April 27, 2023 | finance.yahoo.comConverge Technology Solutions Corp. Announces Stone Group, A Converge Company, Named Global Silver Winner in Corporate Social Responsibility at Green World Awards 2023April 24, 2023 | markets.businessinsider.comCanadian Stocks Turning In Mixed Performance In Lackluster TradeApril 10, 2023 | theglobeandmail.comClosing Bell: Converge Technology Solutions Corp up on Monday (CTS)April 6, 2023 | theglobeandmail.comClosing Bell: Converge Technology Solutions Corp up on Thursday (CTS)April 5, 2023 | theglobeandmail.comClosing Bell: Converge Technology Solutions Corp down on Tuesday (CTS)April 1, 2023 | theglobeandmail.comClosing Bell: Converge Technology Solutions Corp up on Friday (CTS)March 31, 2023 | finance.yahoo.comHere's Why We Think Converge Technology Solutions (TSE:CTS) Is Well Worth WatchingSee 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 CTS Company Calendar Last Earnings8/09/2023Ex-Dividend for 9/22 Dividend9/07/2023Dividend Payable9/22/2023Today9/28/2023Next Earnings (Estimated)11/14/2023Get 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 ForecastC$7.33 High Stock Price ForecastC$10.00 Low Stock Price ForecastC$3.50 Forecasted Upside/Downside+161.6%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)C$0.05 Trailing P/E Ratio56.00 Forward P/E Ratio4.93 P/E Growth0.14Net IncomeC$11.55 million Net Margins0.46% Pretax MarginN/A Return on Equity0.90% Return on Assets1.58% Debt Debt-to-Equity Ratio78.03 Current Ratio1.12 Quick Ratio0.68 Sales & Book Value Annual SalesC$2.50 billion Price / Sales0.23 Cash FlowC$0.50 per share Price / Cash Flow5.63 Book ValueC$2.86 per share Price / Book0.98Miscellaneous Outstanding Shares204,920,000Free FloatN/AMarket CapC$573.78 million OptionableOptionable Beta1.82 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.Get This Free Report Key ExecutivesMr. Shaun Peter MaineGroup CEO & DirectorMr. Greg BerardGlobal Pres & CEOMs. Julianne BelagaChief Legal OfficerMr. John G. Teltsch Jr.Chief Revenue OfficerMr. Avjitpal KambojChief Financial OfficerMr. Cory ReidCOO & Chief Information OfficerMs. Karie TimionVP of MarketingMs. Rhonda HanesVP of People OperationsMr. David LuftigExec. VP of Strategy & SolutionsMs. Emily MartinExec. VP of Hybrid PlatformsMore ExecutivesKey CompetitorsSoftchoiceTSE:SFTCAlithya GroupTSE:ALYASolium CapitalTSE:SUMCardinal Resources Limited (CDV.TO)TSE:CDVSangoma TechnologiesCVE:STCView 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)Cory ReidBought 5,000 shares on 11/22/2022Total: C$19,100.00 ($3.82/share)Toni RinowBought 3,154 shares on 11/21/2022Total: C$11,953.66 ($3.79/share)View All Insider Transactions CTS Stock - Frequently Asked Questions Should I buy or sell Converge Technology Solutions stock right now? 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. What is Converge Technology Solutions' stock price forecast for 2023? 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. How have CTS shares performed in 2023? 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. 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 Tuesday, November 14th 2023. View our CTS earnings forecast. How were Converge Technology Solutions' earnings last quarter? 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%. 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 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. 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 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. What is Converge Technology Solutions' stock symbol? Converge Technology Solutions trades on the Toronto Stock Exchange (TSX) under the ticker symbol "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. What is Converge Technology Solutions' stock price today? One share of CTS stock can currently be purchased for approximately C$2.80. How much money does Converge Technology Solutions make? 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. How can I contact Converge Technology Solutions? 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. This page (TSE:CTS) was last updated on 9/28/2023 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. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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