Converge Technology Solutions Corp. (TSE:CTS) – Research analysts at Desjardins reduced their Q3 2021 EPS estimates for shares of Converge Technology Solutions in a research note issued to investors on Wednesday, May 12th. Desjardins analyst K. Krishnaratne now anticipates that the company will post earnings per share of $0.06 for the quarter, down from their prior estimate of $0.07. Desjardins has a “Buy” rating on the stock. Desjardins also issued estimates for Converge Technology Solutions’ Q3 2021 earnings at $0.06 EPS, Q4 2021 earnings at $0.11 EPS, FY2021 earnings at $0.26 EPS and FY2022 earnings at $0.44 EPS.
Several other brokerages have also recently commented on CTS. Canaccord Genuity upped their target price on shares of Converge Technology Solutions to C$9.50 and gave the company a “buy” rating in a research report on Monday, April 5th. Raymond James reiterated an “outperform” rating and set a C$8.75 target price on shares of Converge Technology Solutions in a research report on Wednesday. Eight Capital upped their target price on shares of Converge Technology Solutions to C$11.00 and gave the company a “na” rating in a research report on Wednesday. Finally, Cormark restated a “buy” rating and issued a C$9.50 price objective on shares of Converge Technology Solutions in a research report on Friday, April 30th. Four investment analysts have rated the stock with a buy rating, Converge Technology Solutions currently has an average rating of “Buy” and a consensus target price of C$9.69.
About Converge Technology Solutions
Converge Technology Solutions Corp., through its subsidiaries, distributes storage devices and systems, computer products, software, and peripherals. The company also provides installation and maintenance; analytics, hybrid cloud, infrastructure, and cybersecurity services; cloud delivery, compute efficiency, network optimization, and IT spend optimization solutions; and IT professional services, such as data center infrastructure integration and solutioning, and cloud optimization.
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