Converge Technology Solutions Corp. (TSE:CTS) Receives Average Recommendation of “Buy” from Analysts

Shares of Converge Technology Answers Corp. (TSE:CTS – Get Score) have been assigned an normal suggestion of “Buy” from the 13 analysts that are presently masking the organization, MarketBeat studies. A person equities study analyst has rated the stock with a maintain rating and 5 have issued a acquire rating on the organization. The common twelve-thirty day period goal rate amongst analysts that have issued ratings on the stock in the final calendar year is C$12.20.

Several equities research analysts recently weighed in on the stock. Canaccord Genuity Team dropped their value aim on shares of Converge Technological know-how Options from C$14.50 to C$12.00 in a investigation notice on Thursday, May well 12th. Raymond James established a C$12.50 target value on shares of Converge Engineering Options and gave the inventory an “outperform” score in a investigate report on Thursday, Could 12th. CIBC diminished their price tag target on shares of Converge Know-how Alternatives from C$11.00 to C$7.00 in a research report on Tuesday. TD Securities reduced their selling price focus on on shares of Converge Technological know-how Methods from C$12.00 to C$8.50 and established a “hold” ranking on the inventory in a analysis report on Thursday, May perhaps 12th. Finally, Echelon Wealth Associates reaffirmed a “buy” rating and established a C$14.50 value aim on shares of Converge Engineering Methods in a report on Thursday, April 7th.

Shares of TSE CTS opened at C$6.06 on Thursday. Converge Technological know-how Options has a 12-month low of C$5.88 and a 12-thirty day period large of C$13.09. The organization has a latest ratio of 1.14, a swift ratio of .89 and a debt-to-equity ratio of 28.01. The stock has a industry cap of C$1.30 billion and a P/E ratio of 126.25. The business’s fifty working day easy shifting ordinary is C$6.97 and its 200-day easy transferring ordinary is C$7.75.

Converge Technological innovation Answers (TSE:CTS – Get Ranking) very last introduced its quarterly earnings knowledge on Tuesday, May 10th. The enterprise reported C$.10 earnings per share for the quarter, beating analysts’ consensus estimates of C$.06 by C$.04. The business enterprise experienced revenue of C$550.04 million throughout the quarter, compared to analysts’ anticipations of C$497.63 million. On average, equities analysts forecast that Converge Technological innovation Options will submit .6800001 EPS for the present-day fiscal yr.

Converge Technological innovation Options Business Profile (Get Ranking)

Converge Technology Remedies Corp., by way of its subsidiaries, distributes storage products and programs, laptop or computer products, application, and peripherals. The firm also presents set up and upkeep analytics, hybrid cloud, infrastructure, and cybersecurity companies cloud delivery, compute effectiveness, community optimization, and IT shell out optimization remedies and IT expert providers, these kinds of as facts heart infrastructure integration and solutioning, and cloud optimization.

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