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Massive Supercycle Investment Opportunities for 2022-2027 (Ad)pixel
Closing prices for crude oil, gold and other commodities
2 Important Retail Stock Battles to Watch
Pipeline break spills 45,000 gallons of diesel in Wyoming
FORGET 99% of The Stock Market (Ad)pixel
Wall Street builds on gains, heads for 4-week winning streak
Sinema took Wall Street money while killing tax on investors
In Biden's big bill: Climate, health care, deficit reduction
Stop Day Trading - More Here (Ad)pixel
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
What Is WallStreetBets and What Stocks Are They Targeting?
Massive Supercycle Investment Opportunities for 2022-2027 (Ad)pixel
Closing prices for crude oil, gold and other commodities
2 Important Retail Stock Battles to Watch
Pipeline break spills 45,000 gallons of diesel in Wyoming
FORGET 99% of The Stock Market (Ad)pixel
Wall Street builds on gains, heads for 4-week winning streak
Sinema took Wall Street money while killing tax on investors
In Biden's big bill: Climate, health care, deficit reduction
Stop Day Trading - More Here (Ad)pixel
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
What Is WallStreetBets and What Stocks Are They Targeting?
Massive Supercycle Investment Opportunities for 2022-2027 (Ad)pixel
Closing prices for crude oil, gold and other commodities
2 Important Retail Stock Battles to Watch
Pipeline break spills 45,000 gallons of diesel in Wyoming
FORGET 99% of The Stock Market (Ad)pixel
Wall Street builds on gains, heads for 4-week winning streak
Sinema took Wall Street money while killing tax on investors
In Biden's big bill: Climate, health care, deficit reduction
Stop Day Trading - More Here (Ad)pixel
TSE:CTS

Converge Technology Solutions - CTS Stock Forecast, Price & News

C$7.38
+0.38 (+5.43%)
(As of 08/12/2022 09:16 PM ET)
Add
Compare
Today's Range
C$7.00
C$7.41
50-Day Range
C$5.11
C$7.38
52-Week Range
C$4.85
C$13.09
Volume
834,183 shs
Average Volume
710,760 shs
Market Capitalization
C$1.59 billion
P/E Ratio
147.60
Dividend Yield
N/A
Price Target
C$11.48
CTS stock logo

About Converge Technology Solutions (TSE:CTS) Stock

Converge Technology Solutions Corp., through its subsidiaries, distributes storage devices and systems, computer products, software, and peripherals. The company also provides installation and maintenance; analytics, hybrid cloud, infrastructure, and cybersecurity services; cloud delivery, compute efficiency, network optimization, and IT spend optimization solutions; and IT professional services, such as data center infrastructure integration and solutioning, and cloud optimization. In addition, it offers business continuity, managed, cognitive, and cybersecurity solutions; IT portfolio management, and consulting services; and multi-site IT deployments, and ISV/OEM solutions. Further, the company provides hardware for education and public sectors. It serves corporate and government institutions. The company has operations in the United States and Canada. Converge Technology Solutions Corp. was incorporated in 2016 and is headquartered in Toronto, Canada.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CTS shares. Raymond James reduced their target price on Converge Technology Solutions from C$12.50 to C$9.50 and set an "outperform" rating on the stock in a research note on Wednesday. Canaccord Genuity Group reduced their price target on Converge Technology Solutions from C$14.50 to C$12.00 in a research note on Thursday, May 12th. TD Securities reduced their price target on Converge Technology Solutions from C$12.00 to C$8.50 and set a "hold" rating on the stock in a research note on Thursday, May 12th. CIBC increased their price target on Converge Technology Solutions from C$7.00 to C$8.00 and gave the stock a "neutral" rating in a research note on Thursday. Finally, Laurentian Bank of Canada reissued a "buy" rating and set a C$11.00 price target on shares of Converge Technology Solutions in a research note on Tuesday, June 21st. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of C$11.48.

Converge Technology Solutions Trading Up 5.4 %

CTS Stock opened at C$7.38 on Friday. The company has a market cap of C$1.59 billion and a price-to-earnings ratio of 147.60. The company has a quick ratio of 0.84, a current ratio of 0.99 and a debt-to-equity ratio of 32.83. The business has a fifty day simple moving average of C$5.85 and a 200-day simple moving average of C$6.28. Converge Technology Solutions has a 52 week low of C$4.85 and a 52 week high of C$13.09.

Converge Technology Solutions (TSE:CTS - Get Rating) last released its quarterly earnings data on Tuesday, May 10th. The company reported C$0.10 EPS for the quarter, topping analysts' consensus estimates of C$0.06 by C$0.04. The firm had revenue of C$550.04 million for the quarter, compared to analyst estimates of C$497.63 million. On average, equities research analysts expect that Converge Technology Solutions will post 0.61 EPS for the current year.

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CTS Company Calendar

Today
8/13/2022
Next Earnings (Estimated)
11/08/2022

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$11.48
High Stock Price Forecast
C$14.50
Low Stock Price Forecast
C$8.00
Forecasted Upside/Downside
+55.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
10 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$2.02 billion
Cash Flow
C$0.86 per share
Book Value
C$2.82 per share

Miscellaneous

Free Float
N/A
Market Cap
C$1.59 billion
Optionable
Optionable
Beta
N/A

Key Executives

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













CTS Stock - Frequently Asked Questions

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

10 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 8 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 2022?

10 Wall Street analysts have issued 12 month price objectives for Converge Technology Solutions' stock. Their CTS share price forecasts range from C$8.00 to C$14.50. On average, they expect the company's share price to reach C$11.48 in the next year. This suggests a possible upside of 55.6% 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 2022?

Converge Technology Solutions' stock was trading at C$6.45 on January 1st, 2022. Since then, CTS shares have increased by 14.4% and is now trading at C$7.38.
View the best growth stocks for 2022 here
.

When is Converge Technology Solutions' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our CTS earnings forecast
.

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$7.38.

How much money does Converge Technology Solutions make?

Converge Technology Solutions (TSE:CTS) has a market capitalization of C$1.59 billion and generates C$2.02 billion in revenue each year.

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 8/13/2022 by MarketBeat.com Staff

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