Raymond James Has Lowered Expectations for Computer Modelling Group (TSE:CMG) Stock Price

Computer Modelling Group (TSE:CMG) had its target price trimmed by Raymond James from C$15.00 to C$13.00 in a research report released on Wednesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other analysts also recently weighed in on CMG. CIBC cut their target price on Computer Modelling Group from C$15.00 to C$14.50 in a research report on Wednesday, November 13th. Ventum Financial cut their target price on Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating for the company in a research report on Wednesday. BMO Capital Markets cut their target price on Computer Modelling Group from C$14.00 to C$13.00 in a research report on Friday, December 13th. Finally, Canaccord Genuity Group downgraded Computer Modelling Group from a “buy” rating to a “hold” rating and cut their target price for the company from C$15.00 to C$12.00 in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Computer Modelling Group currently has an average rating of “Moderate Buy” and an average price target of C$12.67.

Computer Modelling Group Stock Performance

Shares of TSE CMG opened at C$9.12 on Wednesday. The company has a debt-to-equity ratio of 52.77, a current ratio of 1.81 and a quick ratio of 2.25. The stock’s fifty day moving average price is C$10.52 and its two-hundred day moving average price is C$11.53. Computer Modelling Group has a one year low of C$8.67 and a one year high of C$14.73. The firm has a market cap of C$746.47 million, a price-to-earnings ratio of 32.57, a P/E/G ratio of 1.97 and a beta of 1.21.

Computer Modelling Group (TSE:CMG) last issued its quarterly earnings data on Tuesday, November 12th. The company reported C$0.07 EPS for the quarter, beating analysts’ consensus estimates of C$0.06 by C$0.01. Computer Modelling Group had a return on equity of 36.56% and a net margin of 19.69%. On average, equities analysts forecast that Computer Modelling Group will post 0.3055122 EPS for the current year.

Computer Modelling Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 13th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.20 annualized dividend and a dividend yield of 2.19%. Computer Modelling Group’s dividend payout ratio is currently 71.43%.

Insider Buying and Selling

In other Computer Modelling Group news, Senior Officer Long X. Nghiem sold 3,600 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of C$10.20, for a total value of C$36,720.00. Also, Director Kenneth Michael Dedeluk sold 5,000 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of C$10.35, for a total value of C$51,750.00. Insiders sold a total of 325,210 shares of company stock worth $3,533,366 in the last ninety days. 1.03% of the stock is owned by insiders.

About Computer Modelling Group

Computer Modelling Group Ltd., a software and consulting technology company, engages in the development and licensing of reservoir simulation and seismic interpretation software and related services. The company offers CMOST-AI, an optimization and analysis tool that offers solution for reservoir by combining advanced statistical analysis, machine learning, and impartial data interpretation; IMEX, a black oil simulator that is used to model primary, secondary, and tertiary oil recovery processes in conventional and unconventional reservoirs; and GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling.