Computer Modelling Group (TSE:CMG) Price Target Cut to C$14.00 by Analysts at Ventum Financial

Computer Modelling Group (TSE:CMG) had its target price cut by Ventum Financial from C$15.00 to C$14.00 in a research note released on Wednesday,BayStreet.CA reports. They currently have a buy rating on the stock.

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

Computer Modelling Group Price Performance

Shares of Computer Modelling Group stock opened at C$9.12 on Wednesday. The company has a current ratio of 1.81, a quick ratio of 2.25 and a debt-to-equity ratio of 52.77. The company’s 50-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 52 week low of C$8.67 and a 52 week high of C$14.73. The stock has a market cap of C$746.47 million, a PE ratio of 32.57, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21.

Computer Modelling Group (TSE:CMG) last issued its quarterly earnings results on Tuesday, November 12th. The company reported C$0.07 EPS for the quarter, topping the consensus estimate of C$0.06 by C$0.01. Computer Modelling Group had a net margin of 19.69% and a return on equity of 36.56%. As a group, sell-side analysts anticipate that Computer Modelling Group will post 0.3055122 EPS for the current fiscal year.

Computer Modelling Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 13th were paid a $0.05 dividend. 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 payout ratio is 71.43%.

Insider Activity at Computer Modelling Group

In related news, Director Kenneth Michael Dedeluk sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of C$10.35, for a total value of C$51,750.00. Also, Senior Officer Long X. Nghiem sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$10.20, for a total value of C$153,000.00. In the last quarter, insiders sold 325,210 shares of company stock valued at $3,533,366. 1.03% of the stock is owned by corporate 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.