Converge Technology Solutions (TSE:CTS – Get Free Report) had its target price lowered by investment analysts at Cormark from C$6.50 to C$5.50 in a research note issued on Friday, BayStreet.CA reports. Cormark’s target price points to a potential upside of 31.89% from the stock’s previous close.
A number of other research firms also recently weighed in on CTS. Ventum Cap Mkts raised Converge Technology Solutions to a “strong-buy” rating in a research report on Tuesday, June 25th. TD Securities raised Converge Technology Solutions from a “hold” rating to a “buy” rating and reduced their price target for the stock from C$6.00 to C$5.50 in a research report on Friday. Finally, National Bankshares upped their price target on Converge Technology Solutions from C$6.00 to C$7.00 in a research report on Friday, May 10th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$6.43.
Converge Technology Solutions Stock Up 1.5 %
Converge Technology Solutions (TSE:CTS – Get Free Report) last issued its quarterly earnings data on Thursday, May 9th. The company reported C$0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.11. Converge Technology Solutions had a negative return on equity of 1.08% and a negative net margin of 0.05%. The business had revenue of C$628.77 million during the quarter, compared to analyst estimates of C$661.10 million. On average, equities research analysts expect that Converge Technology Solutions will post 0.5411111 EPS for the current year.
Insider Activity at Converge Technology Solutions
In other Converge Technology Solutions news, Senior Officer Greg Berard purchased 8,197 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were acquired at an average price of C$4.68 per share, for a total transaction of C$38,361.96. In other Converge Technology Solutions news, Senior Officer Avjit Kamboj sold 30,600 shares of the stock in a transaction on Monday, June 24th. The stock was sold at an average price of C$4.41, for a total transaction of C$134,946.00. Also, Senior Officer Greg Berard acquired 8,197 shares of the stock in a transaction on Tuesday, June 4th. The shares were purchased at an average price of C$4.68 per share, for a total transaction of C$38,361.96. 5.45% of the stock is owned by company insiders.
Converge Technology Solutions Company Profile
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.
Recommended Stories
- Five stocks we like better than Converge Technology Solutions
- What is MarketRank™? How to Use it
- Why Wall Street Analysts Raised Price Targets for Suncor Stock
- Top Biotech Stocks: Exploring Innovation Opportunities
- Is Super Micro Computer a Buy After Shares Sink 20% on Earnings?
- The Role Economic Reports Play in a Successful Investment Strategy
- Cassava Sciences: A Hot Stock to Trade, Invest, or Avoid?
Receive News & Ratings for Converge Technology Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Converge Technology Solutions and related companies with MarketBeat.com's FREE daily email newsletter.