Converge Technology Solutions (TSE:CTS) Receives Outperfrom Under Weight Rating from National Bank Financial

Converge Technology Solutions (TSE:CTS – Get Rating)‘s stock had its “outperfrom under weight” rating restated by stock analysts at National Bank Financial in a report issued on Tuesday, Zacks.com reports. National Bank Financial also issued estimates for Converge Technology Solutions’ FY2022 earnings at $0.43 EPS and FY2023 earnings at $0.57 EPS.

Several other equities research analysts also recently issued reports on CTS. Echelon Wealth Partners reiterated a “buy” rating and issued a C$14.50 price objective on shares of Converge Technology Solutions in a report on Thursday, April 7th. CIBC cut their price objective on Converge Technology Solutions from C$12.50 to C$11.00 in a report on Monday, January 31st. TD Securities cut their price objective on Converge Technology Solutions from C$13.00 to C$12.00 and set a “hold” rating on the stock in a report on Thursday, March 24th. Scotiabank boosted their price objective on Converge Technology Solutions from C$13.00 to C$14.00 in a report on Tuesday, January 11th. Finally, Desjardins reissued a “buy” rating on shares of Converge Technology Solutions in a research note on Wednesday, March 23rd. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of C$13.27.

CTS stock opened at C$9.05 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 1.12 and a debt-to-equity ratio of 2.93. The company has a market capitalization of C$1.94 billion and a PE ratio of 113.13. Converge Technology Solutions has a 12-month low of C$5.45 and a 12-month high of C$13.09. The business’s fifty day moving average price is C$8.17 and its 200 day moving average price is C$8.15.

Converge Technology Solutions Company Profile (Get Rating)

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.

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