Converge Technology Solutions (TSE:CTS – Get Rating) In a memo issued to investors on Friday, investment analysts at BMO Capital Markets lowered the target price from C$9.00 to C$8.00, according to BayStreet.CA. BMO Capital Markets’ price target suggests he could rise 69.85% from the company’s current price.
-logo.png?v=20210326132737 "Technology solution integration"){kind=logo}
Many other brokerage firms also publish reports on the CTS. TD Securities upgraded Converge Technology Solutions’ stock from a ‘hold’ rating to a ‘buy’ rating and lowered its target price to C$6.50 from C$8.50 in a research report on Thursday. Eight Capital lowered its price target on Converge Technology Solutions stock to C$10.00 from C$11.00 in a research report on Thursday. Canaccord Genuity Group lowered its price target on Converge Technology Solutions stock to C$10.50 from C$12.00 in a research report on Thursday. CIBC lowered its price target on Converge Technology Solutions’ stock to C$7.00 from C$8.00 in a research report on Thursday, giving the stock a “neutral” rating. Finally, Raymond James lowered his price target on Converge Technology Solutions shares from his C$9.50 to his C$8.50 in his Friday Oct. 28 research report. One analyst rated the stock with a Hold rating and eight gave the company a Buy rating. According to MarketBeat, the company has an average rating of “moderate buy” and an average target price of C$10.34.
Stock Performance of Converge Technology Solutions
Shares of Converge Technology Solutions rose $0.61 to $4.71 during trading hours on Friday. The company’s trading volume was 1,542,315 shares, with an average trading volume of 772,418 shares. The company has a market capitalization of C$990.59 million and a PE ratio of 58.75. The company has a debt to equity ratio of 58.11, a current ratio of 0.84 and a quick ratio of 0.68. His one-year low at Converge Technology Solutions is $3.95 Canadian and his one-year high is $12.65 Canadian. The company has a 50-day moving average of C$6.05 and a 200-day moving average of C$6.18.
Converge Technology Solutions (TSE:CTS – Get Rating) announced its final quarterly results on Tuesday, August 9th. The company reported earnings per share for him of C$0.13 for the quarter, beating consensus forecasts of C$0.07 by C$0.06. The company posted sales of C$596.66 million in the third quarter, compared to consensus expectations of C$570.63 million. On average, sell-side analysts expect Converge Technology Solutions to earn 0.6642398 per share for the current year.
About Converge Technology Solutions
(get rating)
Converge Technology Solutions Corp. provides software-enabled IT and cloud solutions for businesses and government agencies in the United States and Canada. Its solution approach provides clients across industries with advanced analytics, application modernization, cloud, cybersecurity, digital infrastructure, and digital workplace offerings.
Recommended story
This instant news alert was generated by Narrative Science Technology and MarketBeat financial data to provide our readers with the fastest and most accurate reporting. This article was reviewed by MarketBeat’s editorial team prior to publication. Send any questions or comments about this story to contact@marketbeat.com.
Listen to this before you consider Converge Technology Solutions.
MarketBeat tracks Wall Street’s most acclaimed and top performing research analysts and the stocks they recommend to clients every day. MarketBeat has identified five stocks top analysts are quietly whispering to clients to buy now before the broader market catches on…and Converge Technology Solutions is not on the list. did.
Converge Technology Solutions currently holds a ‘moderate buy’ rating among analysts, although the highest rated analysts believe these five stocks are better buys.
See 5 stocks here
.
Comments
Post a Comment