Based on the Converge Technology Solutions Corp stock forecast from 7 analysts, the average analyst target price for Converge Technology Solutions Corp is CAD 5.08 over the next 12 months. Converge Technology Solutions Corp’s average analyst rating is Buy . Stock Target Advisor’s own stock analysis of Converge Technology Solutions Corp is Bullish , which is based on 9 positive signals and 3 negative signals. At the last closing, Converge Technology Solutions Corp’s stock price was CAD 3.26. Converge Technology Solutions Corp’s stock price has changed by -0.31% over the past week, -0.61% over the past month and -20.29% over the last year.
No recent analyst target price found for Converge Technology Solutions Corp
No recent average analyst rating found for Converge Technology Solutions Corp
Company Overview Converge Technology Solutions Corp
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. Read Less
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 ...Read More
Frequently Asked Questions About Converge Technology Solutions Corp (CTS:CA) Stock
Based on ratings from 7 analysts Converge Technology Solutions Corp's stock is Buy . Stock Target Advisor's fundamental analysis is Bullish . The stock has 2 buy, sell and 3 hold ratings.
CTS:CA stock's dividend yield is 1.70%.
Our analysis grades CTS:CA stock's dividend yield at A+. This means that CTS:CA stock's dividend yield is above 100% of the stocks in the Information Technology Services sector in the TSX exchange.
Based on this CTS:CA may be a good dividend stock for its sector.
Based on targets from 7 analysts, the average taret price for CTS:CA is CAD 5.08 over the next 12 months. The maximum analyst target price is CAD 6 while the minimum anlayst target price is CAD 4.5.
CTS:CA stock's Price/Earning ratio is 74.20.
Our analysis grades CTS:CA stock's Price / Earning ratio at F. This means that CTS:CA stock's Price/Earning ratio is above 50% of the stocks in the Information Technology Services sector in the TSX exchange.
Based on this CTS:CA may be fairly valued for its sector
The last closing price of CTS:CA's stock was CAD 3.26.
The most recent market capitalization for CTS:CA is CAD 0.63B.
Based on targets from 7 analysts, the average taret price for CTS:CA is projected at CAD 5.08 over the next 12 months.
This means that CTS:CA's stock price may go up by +55.76% over the next 12 months.
We can't find any ETFs which contains Converge Technology Solutions Corp's stock.
As per our most recent records Converge Technology Solutions Corp has 2,700 Employees.
Converge Technology Solutions Corp's registered address is 161 Bay Street, Toronto, ON, Canada, M5J 2T6.
You can get more information about it from Converge Technology Solutions Corp's website at https://www.convergetp.com.
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Stock Target Advisor's Analysis
This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.
What to like
Underpriced on cashflow basis
The stock is trading low compared to its peers on a price to cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
Superior capital utilization
The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.
Superior total returns
The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.
Underpriced on free cash flow basis
The stock is trading low compared to its peers on a price to free cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.
Superior Revenue Growth
This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.
Superior Earnings Growth
This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.
High Gross Profit to Asset Ratio
This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.
What not to like
Overpriced compared to earnings
The stock is trading high compared to its peers on a price to earning basis and is above the sector median.
High volatility
The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.
Highly leveraged
The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.
Frequently Asked Questions About Converge Technology Solutions Corp (CTS:CA) Stock
Based on ratings from 7 analysts Converge Technology Solutions Corp's stock is Buy . Stock Target Advisor's fundamental analysis is Bullish . The stock has 2 buy, sell and 3 hold ratings.
CTS:CA stock's dividend yield is 1.70%.
Our analysis grades CTS:CA stock's dividend yield at A+. This means that CTS:CA stock's dividend yield is above 100% of the stocks in the Information Technology Services sector in the TSX exchange.
Based on this CTS:CA may be a good dividend stock for its sector.
Based on targets from 7 analysts, the average taret price for CTS:CA is CAD 5.08 over the next 12 months. The maximum analyst target price is CAD 6 while the minimum anlayst target price is CAD 4.5.
CTS:CA stock's Price/Earning ratio is 74.20.
Our analysis grades CTS:CA stock's Price / Earning ratio at F. This means that CTS:CA stock's Price/Earning ratio is above 50% of the stocks in the Information Technology Services sector in the TSX exchange.
Based on this CTS:CA may be fairly valued for its sector
The last closing price of CTS:CA's stock was CAD 3.26.
The most recent market capitalization for CTS:CA is CAD 0.63B.
Based on targets from 7 analysts, the average taret price for CTS:CA is projected at CAD 5.08 over the next 12 months.
This means that CTS:CA's stock price may go up by +55.76% over the next 12 months.
We can't find any ETFs which contains Converge Technology Solutions Corp's stock.
As per our most recent records Converge Technology Solutions Corp has 2,700 Employees.
Converge Technology Solutions Corp's registered address is 161 Bay Street, Toronto, ON, Canada, M5J 2T6.
You can get more information about it from Converge Technology Solutions Corp's website at https://www.convergetp.com.
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