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S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
With oil prices slumping, OPEC+ producers weigh more production cuts
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
66,000% upside on tiny biotech? (Ad)
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
With oil prices slumping, OPEC+ producers weigh more production cuts
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
66,000% upside on tiny biotech? (Ad)
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
With oil prices slumping, OPEC+ producers weigh more production cuts
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
66,000% upside on tiny biotech? (Ad)
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
TSE:CTS

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

C$3.61
-0.11 (-2.96%)
(As of 06/2/2023 ET)
Compare
Today's Range
C$3.57
▼
C$3.75
50-Day Range
C$2.71
▼
C$4.08
52-Week Range
C$2.59
▼
C$7.51
Volume
870,065 shs
Average Volume
1.07 million shs
Market Capitalization
C$754.96 million
P/E Ratio
25.79
Dividend Yield
1.11%
Price Target
C$7.84
ProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesOptions ChainSocial Media

Converge Technology Solutions MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
117.2% Upside
C$7.84 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
C$10,000 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.72 out of 5 stars

See Top Rated MarketRank™ Stocks Here

CTS stock logo

About Converge Technology Solutions (TSE:CTS) Stock

Converge Technology Solutions Corp. provides software-enabled IT and cloud solutions for corporate and government institutions 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 engages in the networking, virtualization, storage, disaster recovery, and continuous replication of critical applications, infrastructure, data, and systems that assist clients in the deployment of data centres; assessment, design, architecture, and optimization of public and private cloud options; and provision of email, voice, and video communication technologies, as well as enterprise networking, security, and infrastructure products. It also offers desktop, laptops, computing peripherals, and other computing needs; mobile location-based technologies; and software solutions built using blockchain technology and solution architecture in the areas of privacy, access, and identity management. In addition, the company provides managed and hosted, cyber security, cloud computing and analytics, systems architecture, professional, staffing, and lifecycle and desktop recovery services. Converge Technology Solutions Corp. was incorporated in 2016 and is headquartered in Gatineau, Canada.

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CTS Stock News Headlines

May 20, 2023 | americanbankingnews.com
Toni Rinow Acquires 2,950 Shares of Converge Technology Solutions Corp. (TSE:CTS) Stock
May 19, 2023 | americanbankingnews.com
TD Securities Lowers Converge Technology Solutions (TSE:CTS) Price Target to C$5.50
June 4, 2023 | Legacy Research (Affiliate) (Ad)
Sell Every Stock, Except ONE (Ticker Revealed)
We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.
May 17, 2023 | theglobeandmail.com
Closing Bell: Converge Technology Solutions Corp up on Wednesday (CTS)
May 16, 2023 | markets.businessinsider.com
TD Securities Thinks Converge Technology Solutions Corp’s Stock is Going to Recover
May 16, 2023 | americanbankingnews.com
FY2024 EPS Estimates for Converge Technology Solutions Corp. (TSE:CTS) Cut by Cormark
May 16, 2023 | seekingalpha.com
CTS:CA Converge Technology Solutions Corp.
May 14, 2023 | americanbankingnews.com
Converge Technology Solutions Corp. (TSE:CTS) Expected to Post Q3 2023 Earnings of $0.09 Per Share
June 4, 2023 | Legacy Research (Affiliate) (Ad)
Sell Every Stock, Except ONE (Ticker Revealed)
We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.
May 14, 2023 | americanbankingnews.com
Raymond James Comments on Converge Technology Solutions Corp.'s Q2 2023 Earnings (TSE:CTS)
May 13, 2023 | americanbankingnews.com
Converge Technology Solutions (TSE:CTS) Hits New 52-Week Low at $2.59
May 13, 2023 | markets.businessinsider.com
Converge Technology Solutions Corp (CTS) was Downgraded to a Hold Rating at BMO Capital
May 12, 2023 | americanbankingnews.com
Converge Technology Solutions (TSE:CTS) Trading Down 16.5%
May 12, 2023 | americanbankingnews.com
Converge Technology Solutions Corp. (TSE:CTS) Given Average Rating of "Moderate Buy" by Brokerages
May 9, 2023 | finanznachrichten.de
Converge Technology Solutions Corp.: Converge Technology Solutions Reports Strong Q1 2023 Results and Declares Quarterly Cash Dividend
May 9, 2023 | finanznachrichten.de
Converge Technology Solutions Corp.: Converge Announces Conclusion of Strategic Review Process
May 9, 2023 | finance.yahoo.com
Converge Announces Conclusion of Strategic Review Process
May 9, 2023 | finance.yahoo.com
Converge Technology Solutions Corp. Appoints Avjit Kamboj to Chief Financial Officer
May 9, 2023 | finance.yahoo.com
Converge Technology Solutions Reports Strong Q1 2023 Results and Declares Quarterly Cash Dividend
April 27, 2023 | theglobeandmail.com
Closing Bell: Converge Technology Solutions Corp down on Thursday (CTS)
April 27, 2023 | finance.yahoo.com
Converge Technology Solutions Corp. Announces Stone Group, A Converge Company, Named Global Silver Winner in Corporate Social Responsibility at Green World Awards 2023
April 24, 2023 | markets.businessinsider.com
Canadian Stocks Turning In Mixed Performance In Lackluster Trade
April 17, 2023 | americanbankingnews.com
Converge Technology Solutions Corp. (TSE:CTS) Receives C$7.93 Consensus Price Target from Brokerages
April 10, 2023 | theglobeandmail.com
Closing Bell: Converge Technology Solutions Corp up on Monday (CTS)
April 6, 2023 | theglobeandmail.com
Closing Bell: Converge Technology Solutions Corp up on Thursday (CTS)
April 5, 2023 | theglobeandmail.com
Closing Bell: Converge Technology Solutions Corp down on Tuesday (CTS)
April 1, 2023 | theglobeandmail.com
Closing Bell: Converge Technology Solutions Corp up on Friday (CTS)
See More Headlines

CTS Price History

CTS Company Calendar

Last Earnings
3/15/2023
Today
6/04/2023
Ex-Dividend for 6/16 Dividend
6/08/2023
Dividend Payable
6/16/2023
Next Earnings (Estimated)
8/08/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
TSE
Industry
Information Technology Services
Sub-Industry
N/A
Sector
Computer and Technology
Current Symbol
TSE:CTS
CUSIP
N/A
CIK
N/A
Web
www.convergetp.com
Phone
416 360 1495
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$7.84
High Stock Price Forecast
C$11.00
Low Stock Price Forecast
C$5.25
Forecasted Upside/Downside
+117.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

EPS (Most Recent Fiscal Year)
C$0.14
Trailing P/E Ratio
25.79
Forward P/E Ratio
6.25
P/E Growth
0.14
Net Income
C$27.12 million
Net Margins
1.15%
Pretax Margin
N/A
Return on Equity
3.44%
Return on Assets
1.87%

Debt

Debt-to-Equity Ratio
80.98
Current Ratio
0.78
Quick Ratio
0.68

Sales & Book Value

Annual Sales
C$2.35 billion
Price / Sales
0.32
Cash Flow
C$0.64 per share
Price / Cash Flow
5.63
Book Value
C$2.89 per share
Price / Book
1.25

Miscellaneous

Outstanding Shares
209,130,000
Free Float
N/A
Market Cap
C$754.96 million
Optionable
Optionable
Beta
1.96

Key Executives

  • Mr. Shaun Peter Maine
    CEO & Director
  • Mr. Greg Berard
    Pres & North American CEO
  • Mr. Cory Reid
    COO & Chief Information Officer
  • Ms. Julianne Belaga
    Chief Legal Officer
  • Mr. Richard A. Lecoutre
    Global Chief Financial Officer
  • Mr. Don Cuthbertson
    CTO & Pres of Canada
  • Ms. Karie Timion
    VP of Marketing
  • Ms. Rhonda Hanes
    VP of People Operations
  • Mr. Tommy Whatley
    Exec. VP of Services & Vendor Alliances
  • Ms. Cari Hash
    Sr. VP of Enterprise Sales

Key Competitors

View All Competitors

Insiders

View All Insider Transactions













CTS Stock - Frequently Asked Questions

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

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Converge Technology Solutions in the last year. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CTS shares.
View CTS analyst ratings or view top-rated stocks.

What is Converge Technology Solutions' stock price forecast for 2023?

6 Wall Street analysts have issued 12 month price targets for Converge Technology Solutions' shares. Their CTS share price forecasts range from C$5.25 to C$11.00. On average, they predict the company's stock price to reach C$7.84 in the next twelve months. This suggests a possible upside of 117.2% 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 21.4% and is now trading at C$3.61.
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, August 8th 2023.
View our CTS earnings forecast.

How were Converge Technology Solutions' earnings last quarter?

Converge Technology Solutions Corp. (TSE:CTS) released its quarterly earnings results on Wednesday, March, 15th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.09. The company had revenue of $640.93 million for the quarter, compared to the consensus estimate of $772.43 million. Converge Technology Solutions had a net margin of 1.15% and a trailing twelve-month return on equity of 3.44%.

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, June 8th. Investors of record on Friday, June 16th will be paid a dividend of 0.01 per share on Friday, June 16th. This represents a $0.04 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, June 8th.
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 1.12%. The dividend payout ratio is 28.57%. This payout ratio is at a healthy, sustainable level, below 75%.
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$3.61.

How much money does Converge Technology Solutions make?

Converge Technology Solutions (TSE:CTS) has a market capitalization of C$754.96 million and generates C$2.35 billion in revenue each year. The company earns C$27.12 million in net income (profit) each year or C$0.14 on an earnings per share basis.

How can I contact Converge Technology Solutions?

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 6/4/2023 by MarketBeat.com Staff

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