Computer Modelling Group (TSE:CMG) Cut to Hold at Cibc World Mkts

Cibc World Mkts lowered shares of Computer Modelling Group (TSE:CMG) from a strong-buy rating to a hold rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

Other research analysts have also recently issued reports about the company. BMO Capital Markets lowered their target price on Computer Modelling Group from C$14.00 to C$13.00 in a research note on Friday, December 13th. Ventum Financial lowered 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 note on Wednesday. Raymond James lowered their target price on Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating for the company in a research note on Wednesday. Canaccord Genuity Group cut Computer Modelling Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. Finally, CIBC lowered their target price on Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating for the company in a research note on Wednesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$12.67.

Computer Modelling Group Price Performance

TSE:CMG opened at C$8.55 on Wednesday. Computer Modelling Group has a 52 week low of C$8.54 and a 52 week high of C$14.73. The company has a quick ratio of 2.25, a current ratio of 1.27 and a debt-to-equity ratio of 47.62. The company has a market capitalization of C$689.85 million, a P/E ratio of 28.19, a P/E/G ratio of 1.97 and a beta of 1.21. The stock’s fifty day moving average is C$10.43 and its two-hundred day moving average is C$11.45.

Computer Modelling Group (TSE:CMG) last issued its quarterly earnings data on Tuesday, November 12th. The company reported C$0.07 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.06 by C$0.01. Computer Modelling Group had a return on equity of 33.54% and a net margin of 19.18%. Equities analysts expect that Computer Modelling Group will post 0.3055122 EPS for the current year.

Computer Modelling Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 13th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend was Thursday, December 5th. Computer Modelling Group’s payout ratio is currently 65.95%.

Insider Buying and Selling at Computer Modelling Group

In other Computer Modelling Group news, Senior Officer Sandra Balic sold 148,110 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of C$11.11, for a total transaction of C$1,645,724.27. Also, Senior Officer Long X. Nghiem sold 3,600 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of C$10.20, for a total value of C$36,720.00. Insiders sold a total of 325,210 shares of company stock valued at $3,533,366 in the last ninety days. Insiders own 1.03% of the company’s stock.

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.