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

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

7 analysts have issued 1-year target prices for Converge Technology Solutions' stock. Their CTS share price targets range from C$5.00 to C$9.00. On average, they predict the company's share price to reach C$6.47 in the next year. This suggests a possible upside of 20.1% 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 2024?

Converge Technology Solutions' stock was trading at C$4.14 at the start of the year. Since then, CTS stock has increased by 30.2% and is now trading at C$5.39. View the best growth stocks for 2024 here .

When is Converge Technology Solutions' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024. View our CTS earnings forecast .

How were Converge Technology Solutions' earnings last quarter?

Converge Technology Solutions Corp. (TSE:CTS) announced its earnings results on Wednesday, March, 6th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.07. The business had revenue of $651.09 million for the quarter, compared to analysts' expectations of $712.08 million. Converge Technology Solutions had a negative net margin of 0.05% and a negative trailing twelve-month return on equity of 1.03%.

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

Converge Technology Solutions announced a quarterly dividend on Tuesday, March 5th. Stockholders of record on Tuesday, March 12th will be paid a dividend of 0.01 per share on Tuesday, March 26th. This represents a $0.04 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Monday, March 11th. 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 0.75%. 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 .

TSE:CTS

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

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C$5.39

+0.07 (+1.32%)

(As of 04/18/2024 ET)

Compare

Today's Range: C$5.27
▼
C$5.48
50-Day Range: C$4.44
▼
C$6.00
52-Week Range: C$2.24
▼
C$6.06

Volume: 442,043 shs
Average Volume: 466,559 shs
Market Capitalization: C$1.10 billion

P/E Ratio: N/A
Dividend Yield: 0.74%
Price Target: C$6.47

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Get Converge Technology Solutions alerts:

Converge Technology Solutions MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.57 Rating Score
Upside/Downside: 20.1% Upside
C$6.47 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.03
Based on 2 Articles This Week
Insider Trading: Acquiring Shares
C$66,944 Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.22 out of 5 stars

3.3

Analyst's Opinion

Consensus Rating
Converge Technology Solutions has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Converge Technology Solutions has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for CTS.

0.0

Dividend Strength

Dividend Yield
Converge Technology Solutions has a dividend yield of 0.75%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Converge Technology Solutions does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CTS.

2.8

News and Social Media Coverage

News Sentiment
Converge Technology Solutions has a news sentiment score of 1.03. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.50 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Converge Technology Solutions this week, compared to 1 article on an average week.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Converge Technology Solutions insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$66,944.00 in company stock and sold C$0.00 in company stock.
Percentage Held by Insiders
Only 5.83% of the stock of Converge Technology Solutions is held by insiders.
Percentage Held by Institutions
Only 36.33% of the stock of Converge Technology Solutions is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Converge Technology Solutions is -539.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Converge Technology Solutions is -539.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Converge Technology Solutions has a PEG Ratio of 0.14. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Converge Technology Solutions has a P/B Ratio of 1.88. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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, artificial intelligence, 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 Toronto, Canada.

CTS Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CTS Stock News Headlines

March 25, 2024 | insidertrades.com

Insider Buying: Converge Technology Solutions Corp. (TSE:CTS) Senior Officer Buys 2,315 Shares of Stock

March 23, 2024 | insidertrades.com

Converge Technology Solutions Corp. (TSE:CTS) Senior Officer Acquires 8,775 Shares

April 19, 2024 | Altimetry (Ad)

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April 14, 2024 | americanbankingnews.com

Converge Technology Solutions Corp. (TSE:CTS) Receives Consensus Rating of "Moderate Buy" from Brokerages

March 11, 2024 | tmcnet.com

Convergence, Automation, and Improved Customer Experiences: Key Trends Shaping 2024

March 7, 2024 | markets.businessinsider.com

Canadian Market Moderately Higher At Noon; Technology Stocks Rally

February 22, 2024 | finance.yahoo.com

Converge Technology Solutions Recognized on CRN's 2024 MSP 500 List

February 21, 2024 | wsj.com

Converge Technology Solutions Corp.

April 19, 2024 | Altimetry (Ad)

I’m officially sounding the alarm.

February 20, 2024 | morningstar.com

Converge Technology Solutions Corp

February 13, 2024 | investing.com

Converge Technology Solutions Corp (CTS)

February 7, 2024 | finanznachrichten.de

Converge Technology Solutions Corp.: Converge to Host Fourth Quarter and Fiscal Year 2023 Conference Call

February 7, 2024 | finance.yahoo.com

Converge to Host Fourth Quarter and Fiscal Year 2023 Conference Call

January 29, 2024 | finance.yahoo.com

Converge Provides Q4-2023 Cash Flow Update

January 22, 2024 | markets.businessinsider.com

Canadian Market Pares Early Gains In Cautious Trade

January 12, 2024 | theglobeandmail.com

Closing Bell: Converge Technology Solutions Corp flat on Friday (CTS)

January 5, 2024 | finanznachrichten.de

Converge Technology Solutions Corp.: Converge Announces Next "Coffee and Converge" Event Focused on Re-Imagining Application Modernization

January 5, 2024 | finance.yahoo.com

Converge Announces Next "Coffee and Converge" Event Focused on Re-Imagining Application Modernization

January 3, 2024 | finanznachrichten.de

Converge Technology Solutions Corp.: Converge Technology Solutions Announces UK and Germany Operations Achieve IBM Platinum Partner Status

January 3, 2024 | finance.yahoo.com

Converge Technology Solutions Announces UK and Germany Operations Achieve IBM Platinum Partner Status

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

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

See More Headlines

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Company Calendar

Last Earnings: 3/06/2024
Ex-Dividend for 3/26 Dividend: 3/11/2024
Dividend Payable: 3/26/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/14/2024

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Computer and Technology
Industry: Information Technology Services
Sub-Industry: N/A
Current Symbol: TSE:CTS
CUSIP: N/A
CIK: N/A
Web: www.convergetp.com
Phone: 416 360 1495
Fax: N/A
Employees: 2,700
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$6.47
High Stock Price Target: C$9.00
Low Stock Price Target: C$5.00
Potential Upside/Downside: +20.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.57
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): C($0.01)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 8.98
P/E Growth: 0.14
Net Income: C$-1,450,000.00
Net Margins: -0.05%
Pretax Margin: N/A
Return on Equity: -1.03%
Return on Assets: 1.32%

Debt

Debt-to-Equity Ratio: 71.05
Current Ratio: 1.04
Quick Ratio: 0.68

Sales & Book Value

Annual Sales: C$2.71 billion
Price / Sales: 0.40
Cash Flow: C$0.96 per share
Price / Cash Flow: 5.63
Book Value: C$2.87 per share
Price / Book: 1.88

Miscellaneous

Outstanding Shares: 203,410,000
Free Float: N/A
Market Cap: C$1.10 billion
Optionable: Not Optionable
Beta: 1.91

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Key Executives

Mr. Greg Berard
Chief Executive Officer
Ms. Julianne Belaga
Chief Legal Officer
Mr. Shaun Peter Maine
Group CEO & Director
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?: 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Converge Technology Solutions in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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?: 7 analysts have issued 1-year target prices for Converge Technology Solutions' stock. Their CTS share price targets range from C$5.00 to C$9.00. On average, they predict the company's share price to reach C$6.47 in the next year. This suggests a possible upside of 20.1% 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 2024?: Converge Technology Solutions' stock was trading at C$4.14 at the start of the year. Since then, CTS stock has increased by 30.2% and is now trading at C$5.39.
View the best growth stocks for 2024 here.
When is Converge Technology Solutions' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our CTS earnings forecast.

How were Converge Technology Solutions' earnings last quarter?: Converge Technology Solutions Corp. (TSE:CTS) announced its earnings results on Wednesday, March, 6th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.07. The business had revenue of $651.09 million for the quarter, compared to analysts' expectations of $712.08 million. Converge Technology Solutions had a negative net margin of 0.05% and a negative trailing twelve-month return on equity of 1.03%.
How often does Converge Technology Solutions pay dividends? What is the dividend yield for Converge Technology Solutions?: Converge Technology Solutions announced a quarterly dividend on Tuesday, March 5th. Stockholders of record on Tuesday, March 12th will be paid a dividend of 0.01 per share on Tuesday, March 26th. This represents a $0.04 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Monday, March 11th.
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 0.75%.
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 4/19/2024 by MarketBeat.com Staff

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

Converge Technology Solutions MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About Converge Technology Solutions Stock (TSE:CTS)

CTS Stock Price History

CTS Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

CTS Stock Analysis - Frequently Asked Questions

Overall MarketRank^™