Converge Technology Solutions (CTS) – Investment Analysts’ Recent Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Converge Technology Solutions (TSE: CTS) in the last few weeks:

• 2/11/2025 – Converge Technology Solutions was upgraded by analysts at TD Securities from a “strong sell” rating to a “strong-buy” rating.
• 2/10/2025 – Converge Technology Solutions was downgraded by analysts at Ventum Financial from a “buy” rating to a “tender” rating. They now have a C$5.50 price target on the stock, down previously from C$6.00.
• 2/10/2025 – Converge Technology Solutions was downgraded by analysts at TD Securities from a “buy” rating to a “sell” rating. They now have a C$5.50 price target on the stock, up previously from C$4.50.
• 2/10/2025 – Converge Technology Solutions was downgraded by analysts at Canaccord Genuity Group Inc. from a “moderate buy” rating to a “hold” rating.
• 2/10/2025 – Converge Technology Solutions had its price target raised by analysts at CIBC from C$4.00 to C$5.50.
• 2/7/2025 – Converge Technology Solutions had its price target raised by analysts at Scotiabank from C$4.00 to C$5.50.
• 1/16/2025 – Converge Technology Solutions was given a new C$4.00 price target on by analysts at Stifel Nicolaus. They now have a “hold” rating on the stock.
• 1/15/2025 – Converge Technology Solutions was upgraded by analysts at Stifel Canada to a “strong-buy” rating.
• 1/13/2025 – Converge Technology Solutions was upgraded by analysts at Cormark from a “hold” rating to a “moderate buy” rating.
• 1/3/2025 – Converge Technology Solutions had its price target raised by analysts at Ventum Financial from C$5.20 to C$6.00. They now have a “buy” rating on the stock.

Converge Technology Solutions Stock Up 0.2 %

Shares of TSE CTS traded up C$0.01 during trading hours on Tuesday, hitting C$5.46. The company had a trading volume of 236,867 shares, compared to its average volume of 1,373,319. Converge Technology Solutions Corp. has a 1-year low of C$2.90 and a 1-year high of C$6.06. The company has a quick ratio of 0.68, a current ratio of 0.96 and a debt-to-equity ratio of 85.78. The firm’s 50 day moving average is C$3.93 and its 200-day moving average is C$3.97. The stock has a market capitalization of C$1.03 billion, a P/E ratio of -6.55, a price-to-earnings-growth ratio of 0.14 and a beta of 1.81.

Converge Technology Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, December 28th. Stockholders of record on Saturday, December 28th were issued a $0.015 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.10%. Converge Technology Solutions’s payout ratio is -7.20%.

Converge Technology Solutions Corp is a Canadian company building a platform of regionally focused Hybrid IT infrastructure providers that deliver best-of-breed solutions and services in the United States. The solutions provided include multi-cloud solutions, the blockchain, resiliency, and managed services, enabling the company to address the business and IT issues that public and private-sector organizations face.