Converge Technology Solutions (TSE:CTS – Get the Free Report) In a note issued to investors on Friday, National Bancshares analysts raised their price target from C$6.00 to C$7.00, BayStreet.CA reports. National Bankshare's price target indicates a potential upside of 38.34% from the previous closing price.
Other research analysts have also published research reports on the stock. TD Securities increased their target price on shares of Converge Technology Solutions from CA$4.25 to CA$6.00 and gave the company a “hold” rating in a research note on Thursday, March 7th. CIBC raised their target price on Converge Technology Solutions from CA$4.50 to CA$5.00 and gave the company a “neutral” rating in a research report on Thursday, March 7th. Scotiabank increased their price objective on Converge Technology Solutions from CA$7.00 to CA$8.00 in a research note on Thursday, March 14th. Cormark lowered their target price on Converge Technology Solutions from CA$7.00 to CA$6.50 in a report on Friday. Finally, Desjardins increased their target price on Converge Technology Solutions from CA$6.00 to CA$7.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Three equity research analysts rate the company's stock as a “hold,” and four rate it as a “buy.” According to MarketBeat.com, Converge Technology Solutions has a consensus rating of “Moderate Buy” and an average price target of his CA$6.63.
Check out the latest research report on Converge Technology solutions.
Trades in Converge Technology Solutions fell 0.2%.
TSE:CTS stock opened at C$5.06 on Friday. His 50 day moving average for this company is CA$5.54 and his 200 day moving average is CA$4.56. The company has a debt-equity ratio of 71.05, a current ratio of 1.04, and a quick ratio of 0.68. Converge Technology Solutions has a 1-year low of CA$2.24 and a 1-year high of CA$6.06. The company has a market capitalization of CA$1.03 billion, a P/E ratio of -506.00, a P/E ratio of 0.14 and a beta of 1.91.
Converge Technology Solutions (TSE:CTS – Get Free Report) last released its quarterly earnings data on Thursday, May 9th. The company reported earnings per share (EPS) of CA$0.11 for the quarter, meeting the consensus estimate of CA$0.11. The company had revenue of CA$628.77 million for the quarter, compared to the consensus estimate of CA$661.1 million. Converge Technology Solutions had a net profit margin of 0.05% and a return on equity of 1.03%. Research analysts, on average, predict that Converge Technology Solutions will post 0.599,777 earnings per share for the current fiscal year.
Insider Trading at Converge Technology Solutions
In related news, Senior Executive Greg Berard purchased 8,775 shares of the company's stock in a transaction on Wednesday, March 20th. The shares were purchased at an average price of CA$5.80 per share, for a total value of CA$50,895.00. Insiders purchased 11,590 shares of the company's stock valued at $66,944 in the past quarter. 5.83% of the shares are currently owned by insiders.
About Converge Technology Solutions
(Get Free Report)
Converge Technology Solutions Corp. provides software-enabled IT and cloud solutions in the United States and Canada. The company's solutions approach provides advanced analytics, artificial intelligence, application modernization, cloud, cybersecurity, digital infrastructure, and digital workplace products to clients across a variety of industries.
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