Shares of StarTek, Inc. (NYSE:SRT) have earned an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Brokerages have set a one year consensus price objective of $12.00 for the company and are forecasting that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also assigned StarTek an industry rank of 39 out of 265 based on the ratings given to its competitors.
A number of analysts have recently weighed in on the company. Zacks Investment Research cut StarTek from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Robert W. Baird reaffirmed a “hold” rating and set a $12.00 price target on shares of StarTek in a research report on Wednesday, October 4th. Lake Street Capital lifted their price target on StarTek from $11.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, August 10th. Finally, Royal Bank Of Canada lowered their price target on StarTek from C$11.25 to C$11.00 and set a “sector perform” rating for the company in a research report on Monday, November 6th.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its position in StarTek by 3.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 954,100 shares of the business services provider’s stock worth $8,291,000 after acquiring an additional 29,596 shares during the period. Vanguard Group Inc. lifted its position in StarTek by 31.3% during the 2nd quarter. Vanguard Group Inc. now owns 376,404 shares of the business services provider’s stock worth $4,607,000 after acquiring an additional 89,679 shares during the period. EAM Investors LLC lifted its position in StarTek by 307.8% during the 3rd quarter. EAM Investors LLC now owns 183,761 shares of the business services provider’s stock worth $2,159,000 after acquiring an additional 138,694 shares during the period. Algert Global LLC lifted its position in StarTek by 39.2% during the 3rd quarter. Algert Global LLC now owns 158,066 shares of the business services provider’s stock worth $1,857,000 after acquiring an additional 44,473 shares during the period. Finally, Northern Trust Corp lifted its position in StarTek by 292.7% during the 2nd quarter. Northern Trust Corp now owns 127,000 shares of the business services provider’s stock worth $1,555,000 after acquiring an additional 94,656 shares during the period. 46.99% of the stock is owned by institutional investors.
StarTek (NYSE SRT) traded down $0.10 during trading on Friday, hitting $9.73. The stock had a trading volume of 84,110 shares, compared to its average volume of 73,764. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 2.41. The firm has a market cap of $158.68, a PE ratio of 70.21 and a beta of -0.14. StarTek has a 52-week low of $7.68 and a 52-week high of $14.78.
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StarTek Company Profile
StarTek, Inc is a customer engagement business process outsourcing (BPO) services provider, delivering customer care solutions. The Company operates through three segments: Domestic, Nearshore and Offshore. As of December 31, 2016, its Domestic segment included the operations of 13 facilities in the United States and one facility in Canada; its Offshore segment included the operations of four facilities in the Philippines, and its Nearshore segment included the operations of two facilities in Honduras and one facility in Jamaica.
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