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 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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