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S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
Freshworks gets juiced on its AI customer engagement platform
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
3 tech outperformers adored by analysts
Is This The Most Overlooked Gold Investment Strategy of 2024? (Ad)
High short interest stocks: this popular trend is re-emerging
Boeing glides past series of setbacks on new flight path
Is This The Most Overlooked Gold Investment Strategy of 2024? (Ad)
Fed is set to leave interest rates unchanged while facing speculation about eventual rate cuts
Biden goes into 2024 with the economy getting stronger, but voters feel horrible about it
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
Freshworks gets juiced on its AI customer engagement platform
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
3 tech outperformers adored by analysts
Is This The Most Overlooked Gold Investment Strategy of 2024? (Ad)
High short interest stocks: this popular trend is re-emerging
Boeing glides past series of setbacks on new flight path
Is This The Most Overlooked Gold Investment Strategy of 2024? (Ad)
Fed is set to leave interest rates unchanged while facing speculation about eventual rate cuts
Biden goes into 2024 with the economy getting stronger, but voters feel horrible about it
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
Freshworks gets juiced on its AI customer engagement platform
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
3 tech outperformers adored by analysts
Is This The Most Overlooked Gold Investment Strategy of 2024? (Ad)
High short interest stocks: this popular trend is re-emerging
Boeing glides past series of setbacks on new flight path
Is This The Most Overlooked Gold Investment Strategy of 2024? (Ad)
Fed is set to leave interest rates unchanged while facing speculation about eventual rate cuts
Biden goes into 2024 with the economy getting stronger, but voters feel horrible about it

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

C$4.20
+0.11 (+2.69%)
(As of 12/8/2023 08:58 PM ET)
Compare
Today's Range
C$4.06
▼
C$4.25
50-Day Range
C$2.33
▼
C$4.21
52-Week Range
C$2.24
▼
C$6.23
Volume
687,900 shs
Average Volume
856,348 shs
Market Capitalization
C$858.23 million
P/E Ratio
N/A
Dividend Yield
0.95%
Price Target
C$6.33
Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider Trades

Converge Technology Solutions MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
50.8% Upside
C$6.33 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.17mentions of Converge Technology Solutions in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
C$8,700 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.

2.15 out of 5 stars

See Top Rated MarketRank™ Stocks Here

CTS stock logo

About Converge Technology Solutions Stock (TSE:CTS)

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 Stock Price History

CTS Stock News Headlines

December 5, 2023 | finance.yahoo.com
Wendy Bahr Joins Converge Technology Solutions Corp. Board of Directors
November 21, 2023 | finance.yahoo.com
Stone Group, A Converge Company, Achieves Dell Technologies Titanium Partner Status
December 11, 2023 | Financial Alphas (Ad)
Countries Are Investing Heavily Into Securing Energy Independence
There's a worldwide "arms race" for countries to secure lithium - the critical metal essential to powering the world's green energy transition. While the U.S. is now investing heavily into lithium production, the North American supply chain has fallen far behind. One company is on a mission to change that and make a previously remote area the next great lithium mining hub.
November 18, 2023 | finance.yahoo.com
Converge Technology Solutions (TSE:CTS) shareholder returns have been fantastic, earning 416% in 5 years
November 15, 2023 | msn.com
2 Canadian Stocks for Beginners in November 2023
October 26, 2023 | finance.yahoo.com
Converge Technology Solutions Achieves CRN Triple Crown Status
October 23, 2023 | msn.com
Converge Technology: Many Doubts About The Company, But It Is Very Cheap
October 20, 2023 | markets.businessinsider.com
Scotiabank Thinks Converge Technology Solutions Corp’s Stock is Going to Recover
December 11, 2023 | Financial Alphas (Ad)
Countries Are Investing Heavily Into Securing Energy Independence
There's a worldwide "arms race" for countries to secure lithium - the critical metal essential to powering the world's green energy transition. While the U.S. is now investing heavily into lithium production, the North American supply chain has fallen far behind. One company is on a mission to change that and make a previously remote area the next great lithium mining hub.
October 20, 2023 | markets.businessinsider.com
Converge Technology Solutions Corp (CTS) Gets a Buy Rating from Echelon Wealth Partners
October 19, 2023 | theglobeandmail.com
Closing Bell: Converge Technology Solutions Corp flat on Thursday (CTS)
October 19, 2023 | finanznachrichten.de
Converge Technology Solutions Corp.: Q3-2023 Performance to be Stronger than Expected
October 19, 2023 | finance.yahoo.com
Q3-2023 Performance to be Stronger than Expected
October 16, 2023 | finance.yahoo.com
Second "Coffee and Converge" Event Announced
October 11, 2023 | finanznachrichten.de
Converge Technology Solutions Corp.: Converge Technology Solutions Appoints Patrick Haupt as Managing Director of Converge Germany
October 3, 2023 | msn.com
Converge Technology Solutions: On Hold Pending Confirmatory Data Points
August 25, 2023 | markets.businessinsider.com
TSX Ends Modestly Higher; Technology, Energy Stocks Move Up
August 14, 2023 | finance.yahoo.com
Be Wary Of Converge Technology Solutions (TSE:CTS) And Its Returns On Capital
August 10, 2023 | finance.yahoo.com
Converge Technology Solutions Corp. Places 34th on the 2023 CRN® Fast Growth 150 List
August 9, 2023 | finanznachrichten.de
Converge Technology Solutions Corp.: Converge Announces Renewal of Normal Course Issuer Bid
August 9, 2023 | finance.yahoo.com
Converge Announces Renewal of Normal Course Issuer Bid
August 9, 2023 | finance.yahoo.com
Converge Technology Solutions Reports Second Quarter 2023 Financial Results
July 30, 2023 | finance.yahoo.com
Converge Technology Solutions Corp. (TSE:CTS) most popular amongst retail investors who own 60% of the shares, institutions hold 34%
July 1, 2023 | finance.yahoo.com
Bullish Converge Technology Solutions Insiders Loaded Up On CA$720k Of Stock
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 | seekingalpha.com
CTS:CA Converge Technology Solutions Corp.
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Company Calendar

Ex-Dividend for 9/22 Dividend
9/07/2023
Dividend Payable
9/22/2023
Last Earnings
11/14/2023
Today
12/11/2023
Ex-Dividend for 12/28 Dividend
12/12/2023
Dividend Payable
12/28/2023
Next Earnings (Estimated)
3/20/2024
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 Target
C$6.33
High Stock Price Target
C$8.50
Low Stock Price Target
C$4.25
Potential Upside/Downside
+50.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

EPS (Most Recent Fiscal Year)
C($0.05)
Trailing P/E Ratio
N/A
Forward P/E Ratio
7.24
P/E Growth
0.14
Net Income
C$-10,850,000.00
Net Margins
-0.40%
Pretax Margin
N/A
Return on Equity
-2.53%
Return on Assets
1.60%

Debt

Debt-to-Equity Ratio
75.63
Current Ratio
1.09
Quick Ratio
0.68

Sales & Book Value

Annual Sales
C$2.70 billion
Price / Sales
0.32
Cash Flow
C$0.75 per share
Price / Cash Flow
5.63
Book Value
C$2.86 per share
Price / Book
1.47

Miscellaneous

Outstanding Shares
204,340,000
Free Float
N/A
Market Cap
C$858.23 million
Optionable
Not Optionable
Beta
1.81
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Key Executives

  • Mr. Shaun Peter Maine
    Group CEO & Director
  • Mr. Greg Berard
    Global CEO & President
  • 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
    Vice President of Marketing
  • Ms. Rhonda Hanes
    Vice President of People Operations
  • Mr. David Luftig
    Executive Vice President of Strategy & Solutions
  • Ms. Emily Martin
    Executive Vice President of Hybrid Platforms

Key Competitors

View All Competitors

Insiders

View All Insider Transactions














CTS Stock Analysis - Frequently Asked Questions

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

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Converge Technology Solutions in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research 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 target for 2024?

4 equities research analysts have issued 1 year price objectives for Converge Technology Solutions' shares. Their CTS share price targets range from C$4.25 to C$8.50. On average, they expect the company's share price to reach C$6.33 in the next twelve months. This suggests a possible upside of 50.8% 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 beginning of 2023. Since then, CTS shares have decreased by 8.5% and is now trading at C$4.20.
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 Wednesday, March 20th 2024.
View our CTS earnings forecast.

How were Converge Technology Solutions' earnings last quarter?

Converge Technology Solutions Corp. (TSE:CTS) issued its quarterly earnings data on Tuesday, November, 14th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by $0.01. The company earned $710.11 million during the quarter, compared to analysts' expectations of $604.95 million. Converge Technology Solutions had a negative trailing twelve-month return on equity of 2.53% and a negative net margin of 0.40%.

How often does Converge Technology Solutions pay dividends? What is the dividend yield for Converge Technology Solutions?

Converge Technology Solutions declared a quarterly dividend on Tuesday, December 12th. Stockholders of record on Thursday, December 28th will be paid a dividend of 0.01 per share on Thursday, December 28th. This represents a $0.04 annualized dividend and a yield of 0.95%. The ex-dividend date is Tuesday, December 12th.
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 0.99%.
Read our dividend analysis for 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.

This page (TSE:CTS) was last updated on 12/11/2023 by MarketBeat.com Staff

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