Raymond James Financial Cuts Computer Modelling Group (TSE:CMG) Price Target to C$7.00

Computer Modelling Group (TSE:CMG) had its price target lowered by Raymond James Financial from C$10.00 to C$7.00 in a research report released on Wednesday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other equities research analysts have also issued reports on CMG. Canadian Imperial Bank of Commerce dropped their target price on Computer Modelling Group from C$6.50 to C$5.50 in a research report on Monday, December 15th. National Bank Financial set a C$6.00 price target on shares of Computer Modelling Group and gave the stock a “sector perform” rating in a research note on Thursday, December 18th. Ventum Financial upgraded shares of Computer Modelling Group from a “neutral” rating to a “buy” rating in a report on Thursday, November 13th. BMO Capital Markets cut their price objective on shares of Computer Modelling Group from C$7.00 to C$6.00 in a research report on Wednesday, November 12th. Finally, Ventum Cap Mkts upgraded shares of Computer Modelling Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$6.13.

Computer Modelling Group Trading Up 2.5%

Shares of TSE:CMG opened at C$4.05 on Wednesday. The firm has a market cap of C$324.60 million, a price-to-earnings ratio of 20.25, a PEG ratio of 1.97 and a beta of -0.64. Computer Modelling Group has a 12 month low of C$3.81 and a 12 month high of C$8.99. The company’s fifty day simple moving average is C$5.00 and its 200 day simple moving average is C$5.64. The company has a quick ratio of 2.25, a current ratio of 1.27 and a debt-to-equity ratio of 47.62.

Computer Modelling Group (TSE:CMG) last released its earnings results on Tuesday, February 10th. The company reported C$0.07 earnings per share (EPS) for the quarter. Computer Modelling Group had a return on equity of 33.54% and a net margin of 19.18%.The firm had revenue of C$32.69 million during the quarter. As a group, research analysts forecast that Computer Modelling Group will post 0.3055122 EPS for the current fiscal year.

Computer Modelling Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were paid a $0.01 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $0.04 annualized dividend and a dividend yield of 1.0%. Computer Modelling Group’s dividend payout ratio (DPR) is currently 60.00%.

Computer Modelling Group Company Profile

Computer Modelling Group Ltd is a Canada-based provider of reservoir simulation software for the oil and gas industry. Its capabilities include integrated analysis and optimization, black oil and unconventional simulation, reservoir and production system modelling, post-processor visualization, compositional simulation, thermal processes simulation, and fluid property characterization. The firm has operations in over 60 countries in the Americas, Europe, Middle East, Africa, and Asia-Pacific regions.