Shares of Computer Task Group, Inc. (NASDAQ:CTG) have been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Brokerages have set a twelve-month consensus target price of $7.38 for the company and are predicting that the company will post $0.08 EPS for the current quarter, according to Zacks. Zacks has also assigned Computer Task Group an industry rank of 149 out of 256 based on the ratings given to its competitors.
Several equities analysts recently commented on the company. TheStreet upgraded White Mountains Insurance Group from a “c” rating to a “b” rating in a research report on Monday, May 13th. Zacks Investment Research upgraded Inflarx from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research report on Friday, April 19th. B. Riley set a $33.00 target price on Triumph Bancorp and gave the stock a “buy” rating in a research report on Monday, April 22nd. ValuEngine cut Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, Barrington Research set a $43.00 target price on LKQ and gave the stock a “buy” rating in a research report on Monday, April 22nd.
Institutional investors have recently bought and sold shares of the stock. Fosun International Ltd purchased a new position in shares of Computer Task Group in the 1st quarter worth about $98,000. Gabelli Funds LLC purchased a new position in shares of Computer Task Group in the 1st quarter worth about $108,000. Municipal Employees Retirement System of Michigan purchased a new position in shares of Computer Task Group in the 4th quarter worth about $432,000. Ancora Advisors LLC boosted its holdings in shares of Computer Task Group by 85.1% in the 4th quarter. Ancora Advisors LLC now owns 278,986 shares of the information technology services provider’s stock worth $1,138,000 after purchasing an additional 128,228 shares in the last quarter. Finally, Tocqueville Asset Management L.P. boosted its holdings in shares of Computer Task Group by 8.9% in the 1st quarter. Tocqueville Asset Management L.P. now owns 283,078 shares of the information technology services provider’s stock worth $1,217,000 after purchasing an additional 23,078 shares in the last quarter. Institutional investors and hedge funds own 49.85% of the company’s stock.
Shares of NASDAQ:CTG traded down $0.01 during midday trading on Tuesday, reaching $4.10. 27,879 shares of the company traded hands, compared to its average volume of 29,485. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.33. Computer Task Group has a 12 month low of $3.85 and a 12 month high of $8.30. The company has a market capitalization of $58.54 million, a price-to-earnings ratio of 17.83, a price-to-earnings-growth ratio of 0.83 and a beta of 0.50. The business’s fifty day moving average price is $4.14.
Computer Task Group (NASDAQ:CTG) last released its quarterly earnings data on Thursday, April 18th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. Computer Task Group had a positive return on equity of 5.07% and a negative net margin of 0.67%. The company had revenue of $97.24 million for the quarter, compared to analyst estimates of $93.63 million. As a group, equities analysts anticipate that Computer Task Group will post 0.33 earnings per share for the current year.
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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