FY2022 EPS Estimates for Converge Technology Solutions Corp. (TSE:CTS) Lowered by Analyst

Converge Technology Solutions Corp. (TSE:CTSGet Rating) – Research analysts at Raymond James cut their FY2022 earnings per share estimates for Converge Technology Solutions in a research report issued to clients and investors on Wednesday, May 11th. Raymond James analyst S. Li now anticipates that the company will post earnings per share of $0.28 for the year, down from their previous forecast of $0.48. Raymond James currently has a “Outperform” rating and a $12.50 target price on the stock.

A number of other analysts have also recently weighed in on CTS. National Bankshares set a C$14.00 price target on shares of Converge Technology Solutions and gave the stock an “outperform” rating in a research report on Wednesday, April 27th. TD Securities decreased their price target on shares of Converge Technology Solutions from C$12.00 to C$8.50 and set a “hold” rating for the company in a research report on Thursday. National Bank Financial reaffirmed an “outperfrom under weight” rating on shares of Converge Technology Solutions in a research report on Tuesday, April 26th. CIBC decreased their price target on shares of Converge Technology Solutions from C$12.50 to C$11.00 in a research report on Monday, January 31st. Finally, Canaccord Genuity Group decreased their price target on shares of Converge Technology Solutions from C$14.50 to C$12.00 in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Converge Technology Solutions presently has a consensus rating of “Buy” and a consensus target price of C$13.06.

Shares of Converge Technology Solutions stock opened at C$6.09 on Friday. The company has a fifty day moving average price of C$8.03 and a 200 day moving average price of C$8.16. The company has a current ratio of 1.32, a quick ratio of 1.12 and a debt-to-equity ratio of 2.93. Converge Technology Solutions has a twelve month low of C$5.88 and a twelve month high of C$13.09. The stock has a market cap of C$1.31 billion and a price-to-earnings ratio of 76.13.

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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Earnings History and Estimates for Converge Technology Solutions (TSE:CTS)

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