Computer Modelling Receives a Buy from BMO Capital

By Ryan Adsit

Computer Modelling (TSX: CMG), the Technology company was revisited yesterday, and remains undervalued for at least one analyst on the street. The company received a Buy rating from BMO Capital’s analyst Michael Mazar, with a C$13 price target.

According to, Mazar is a 4-star analyst with an average return of 12.4% and a 60.3% success rate. Mazar covers the Basic Materials sector, focusing on stocks such as Precision Drilling, Trinidad Drilling, and Ivanhoe Energy.

Computer Modelling has an analyst consensus of Hold, with a price target consensus of C$10.

Based on Computer Modelling’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of C$19.06 million and quarterly net profit of C$5.21 million. In comparison, last year the company earned revenue of C$19.02 million and had a net profit of C$3.88 million.

Computer Modelling Group Ltd. engages in the development and supply of reservoir simulation technologies. The firm develops and licenses reservoir simulation software, and provides professional services such as support, training, consulting, and contract research activities. It operates through the following geographical segments: Canada, United States, South America, and Eastern Hemisphere. The company was founded by Frank L. Meyer in 1978 and is headquartered in Calgary, Canada.

The company’s shares closed last Friday at $10.12.