Computer Task Group, Inc. (NASDAQ:CTG) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.
Analysts have set a 1 year consensus price objective of $9.25 for the company and are expecting that the company will post $0.08 earnings per share for the current quarter, according to Zacks. Zacks has also given Computer Task Group an industry rank of 110 out of 257 based on the ratings given to its competitors.
A number of equities research analysts have issued reports on CTG shares. Zacks Investment Research raised shares of Computer Task Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 5th. ValuEngine downgraded shares of Computer Task Group from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. B. Riley set a $10.00 price objective on shares of Computer Task Group and gave the stock a “buy” rating in a research report on Friday, October 19th. Finally, Barrington Research set a $9.00 price objective on shares of Computer Task Group and gave the stock a “buy” rating in a research report on Monday, October 15th.
Hedge funds have recently modified their holdings of the business. Macquarie Group Ltd. grew its position in Computer Task Group by 118.4% in the 3rd quarter. Macquarie Group Ltd. now owns 22,238 shares of the information technology services provider’s stock worth $116,000 after purchasing an additional 12,058 shares in the last quarter. Millennium Management LLC bought a new stake in Computer Task Group in the 1st quarter worth about $271,000. Crescent Grove Advisors LLC grew its position in Computer Task Group by 54.0% in the 3rd quarter. Crescent Grove Advisors LLC now owns 106,778 shares of the information technology services provider’s stock worth $557,000 after purchasing an additional 37,456 shares in the last quarter. Cove Street Capital LLC bought a new stake in Computer Task Group in the 2nd quarter worth about $604,000. Finally, Ancora Advisors LLC grew its position in Computer Task Group by 68.0% in the 3rd quarter. Ancora Advisors LLC now owns 150,758 shares of the information technology services provider’s stock worth $787,000 after purchasing an additional 61,028 shares in the last quarter. 53.89% of the stock is owned by institutional investors and hedge funds.
Shares of CTG traded down $0.02 on Thursday, reaching $4.37. The company’s stock had a trading volume of 44,800 shares, compared to its average volume of 60,449. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.16 and a quick ratio of 2.16. Computer Task Group has a twelve month low of $4.21 and a twelve month high of $9.62. The firm has a market capitalization of $62.69 million, a PE ratio of 19.86, a P/E/G ratio of 1.05 and a beta of 0.51.
Computer Task Group (NASDAQ:CTG) last posted its earnings results on Thursday, October 18th. The information technology services provider reported $0.06 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.06. Computer Task Group had a net margin of 0.62% and a return on equity of 5.13%. The company had revenue of $90.26 million for the quarter, compared to analyst estimates of $88.62 million. As a group, analysts expect that Computer Task Group will post 0.28 EPS for the current year.
About Computer Task Group
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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