Converge Technology Solutions (CTS-T)
TSE:CTS
12.20
0.10
(0.83%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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$12.110
Unknown
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. A higher risk name but offers good growth potential given its size and industry. Trades at 1.2x sales and 38x earnings, which is cheap. Good growth is expected. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. A software-based IT and cloud solutions provider. Has completed numerous acquisitions since 2017. Strong revenue growth over the past quarters and increasing margins. A high demand space and it continues to grow revenues and execute increasing margins. Momentum should continue. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The stock has momentum and looks good. There is decent growth expected on the top line over the next few years. Balance sheet concerns have been resolved now. Things are moving in the right direction and it is looking better. Unlock Premium - Try 5i Free
They're in cybersecurity and data management. Since 2017, they've been growing by 19 acquisitions which are accretive. It trades at a huge discount to peers like CGI, at 7.5x EBITDA and should be at 12-15x. So, the stock should be 50% higher. They report after today's close. If they miss, get in. If they beat, the stock will likely run. (Analysts’ price target is $9.67)
They focus on the middle market in IT consulting. They help mid-sized companies transition to the cloud. They have a long growth runway. It is still flying under the radar so no major banks cover the company and if that ever happens it could cause upside. (Analysts’ price target is $7.81)
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The balance sheet has improved and valuation should continue to improve over time. Growth has been positive. On some metrics it is cheap, and shows very strong earnings growth. Acquisitions have been good and momentum is excellent. Insiders remain committed with 11% ownership. Unlock Premium - Try 5i Free
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Converge Technology Solutions(CTS-T) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 8
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 8
Converge Technology Solutions(CTS-T) Frequently Asked Questions
What is Converge Technology Solutions stock symbol?
Converge Technology Solutions is a Canadian stock, trading under the symbol CTS-T on the Toronto Stock Exchange (CTS-CT). It is usually referred to as TSX:CTS or CTS-T
Is Converge Technology Solutions a buy or a sell?
In the last year, 8 stock analysts published opinions about CTS-T. 8 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Converge Technology Solutions.
Is Converge Technology Solutions a good investment or a top pick?
Converge Technology Solutions was recommended as a Top Pick by on . Read the latest stock experts ratings for Converge Technology Solutions.
Why is Converge Technology Solutions stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Converge Technology Solutions worth watching?
8 stock analysts on Stockchase covered Converge Technology Solutions In the last year. It is a trending stock that is worth watching.
What is Converge Technology Solutions stock price?
On 2021-09-22, Converge Technology Solutions (CTS-T) stock closed at a price of $12.2.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company has a relatively low valuation and long track record of top-line growth. They also hold good levels of cash. A more stable stock relatively. Can add to CTS here. Unlock Premium - Try 5i Free