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DIS   80.13 (+0.29%)
AMC   7.78 (+2.78%)
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PYPL   58.18 (+1.46%)
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QQQ   358.01 (+0.84%)
AAPL   170.69 (+0.15%)
MSFT   313.64 (+0.27%)
META   303.96 (+2.09%)
GOOGL   132.31 (+1.36%)
AMZN   125.98 (+0.00%)
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NVDA   430.89 (+1.46%)
NIO   8.91 (+5.32%)
BABA   85.54 (-0.77%)
AMD   102.76 (+4.78%)
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GE   112.33 (+1.30%)
DIS   80.13 (+0.29%)
AMC   7.78 (+2.78%)
PFE   32.08 (-0.06%)
PYPL   58.18 (+1.46%)
NFLX   376.36 (-0.33%)
QQQ   358.01 (+0.84%)
AAPL   170.69 (+0.15%)
MSFT   313.64 (+0.27%)
META   303.96 (+2.09%)
GOOGL   132.31 (+1.36%)
AMZN   125.98 (+0.00%)
TSLA   246.38 (+2.44%)
NVDA   430.89 (+1.46%)
NIO   8.91 (+5.32%)
BABA   85.54 (-0.77%)
AMD   102.76 (+4.78%)
T   15.01 (+0.94%)
F   12.56 (+1.29%)
MU   65.20 (-4.41%)
CGC   0.81 (-8.95%)
GE   112.33 (+1.30%)
DIS   80.13 (+0.29%)
AMC   7.78 (+2.78%)
PFE   32.08 (-0.06%)
PYPL   58.18 (+1.46%)
NFLX   376.36 (-0.33%)
TSE:CTS

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

C$2.80
+0.01 (+0.36%)
(As of 09/28/2023 ET)
Compare
Today's Range
C$2.75
C$2.83
50-Day Range
C$2.46
C$3.28
52-Week Range
C$2.39
C$7.18
Volume
323,597 shs
Average Volume
948,570 shs
Market Capitalization
C$573.78 million
P/E Ratio
56.00
Dividend Yield
1.43%
Price Target
C$7.33

Converge Technology Solutions MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
161.6% Upside
C$7.33 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$35,560 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.

2.38 out of 5 stars


CTS stock logo

About Converge Technology Solutions (TSE:CTS) Stock

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.

CTS Price History

CTS Stock News Headlines

TSX Ends Modestly Higher; Technology, Energy Stocks Move Up
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.
Converge Announces Renewal of Normal Course Issuer Bid
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.
CTS:CA Converge Technology Solutions Corp.
Canadian Stocks Turning In Mixed Performance In Lackluster Trade
See More Headlines
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CTS Company Calendar

Last Earnings
8/09/2023
Ex-Dividend for 9/22 Dividend
9/07/2023
Dividend Payable
9/22/2023
Today
9/28/2023
Next Earnings (Estimated)
11/14/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
C$7.33
High Stock Price Forecast
C$10.00
Low Stock Price Forecast
C$3.50
Forecasted Upside/Downside
+161.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
C$11.55 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$2.50 billion
Cash Flow
C$0.50 per share
Book Value
C$2.86 per share

Miscellaneous

Free Float
N/A
Market Cap
C$573.78 million
Optionable
Optionable
Beta
1.82
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Key Executives

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













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

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