Computer Task Group (NASDAQ:CTG) received a $10.00 price objective from equities research analysts at B. Riley in a research report issued on Friday. The brokerage currently has a “buy” rating on the information technology services provider’s stock. B. Riley’s target price suggests a potential upside of 107.04% from the stock’s previous close. B. Riley also issued estimates for Computer Task Group’s Q4 2018 earnings at $0.08 EPS, FY2018 earnings at $0.28 EPS, Q1 2019 earnings at $0.10 EPS, Q2 2019 earnings at $0.13 EPS, Q3 2019 earnings at $0.08 EPS, Q4 2019 earnings at $0.14 EPS and FY2019 earnings at $0.45 EPS.
Other equities research analysts also recently issued research reports about the company. Barrington Research set a $9.00 price objective on Computer Task Group and gave the company a “buy” rating in a research report on Monday, October 15th. Zacks Investment Research raised Computer Task Group from a “sell” rating to a “hold” rating in a research report on Thursday, September 20th. Finally, ValuEngine downgraded Computer Task Group from a “hold” rating to a “sell” rating in a research report on Tuesday, September 4th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. Computer Task Group currently has a consensus rating of “Hold” and a consensus target price of $9.33.
Shares of Computer Task Group stock opened at $4.83 on Friday. The firm has a market cap of $69.89 million, a PE ratio of 18.58, a PEG ratio of 1.11 and a beta of 0.55. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.41 and a current ratio of 2.41. Computer Task Group has a 12 month low of $4.83 and a 12 month high of $9.62.
Computer Task Group (NASDAQ:CTG) last announced its quarterly earnings results on Thursday, October 18th. The information technology services provider reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $90.26 million for the quarter, compared to analyst estimates of $88.62 million. Computer Task Group had a return on equity of 5.01% and a net margin of 0.62%. Sell-side analysts predict that Computer Task Group will post 0.28 earnings per share for the current year.
Hedge funds have recently modified their holdings of the stock. Granahan Investment Management Inc. MA boosted its position in Computer Task Group by 15.9% during the second quarter. Granahan Investment Management Inc. MA now owns 302,467 shares of the information technology services provider’s stock valued at $2,341,000 after purchasing an additional 41,384 shares in the last quarter. Renaissance Technologies LLC boosted its position in Computer Task Group by 15.7% during the second quarter. Renaissance Technologies LLC now owns 984,300 shares of the information technology services provider’s stock valued at $7,618,000 after purchasing an additional 133,700 shares in the last quarter. Algert Global LLC boosted its position in Computer Task Group by 23.2% during the second quarter. Algert Global LLC now owns 191,216 shares of the information technology services provider’s stock valued at $1,480,000 after purchasing an additional 35,988 shares in the last quarter. Millennium Management LLC bought a new stake in Computer Task Group during the first quarter valued at about $271,000. Finally, Cove Street Capital LLC bought a new stake in Computer Task Group during the second quarter valued at about $604,000. 51.04% of the stock is currently owned by institutional investors.
Computer Task Group Company Profile
Computer Task Group, Incorporated, together with its subsidiaries, operates as an information technology solutions and staffing services company in North America, Europe, and India. Its IT solutions include the implementation and optimization of packaged software applications; development and deployment of customized software and solutions designed to fit the needs of a specific client or market; and design and distribution of complex technology components, as well as offers consulting services.
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