Shares of Computer Task Group, Inc. (NASDAQ:CTG) have been given a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.
Brokers have set a twelve-month consensus price target of $7.38 for the company and are predicting that the company will post $0.08 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Computer Task Group an industry rank of 78 out of 256 based on the ratings given to its competitors.
A number of equities research analysts have issued reports on the company. B. Riley set a $33.00 target price on Triumph Bancorp and gave the company a “buy” rating in a research note on Monday, April 22nd. Barrington Research set a $43.00 target price on LKQ and gave the company a “buy” rating in a research note on Monday, April 22nd. Zacks Investment Research upgraded Inflarx from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research note on Friday, April 19th. TheStreet upgraded White Mountains Insurance Group from a “c” rating to a “b” rating in a research note on Monday, May 13th. Finally, ValuEngine cut shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Courier Capital LLC bought a new stake in Computer Task Group in the second quarter worth about $59,000. Fosun International Ltd bought a new stake in Computer Task Group in the first quarter worth about $98,000. Gabelli Funds LLC bought a new stake in Computer Task Group in the first quarter worth about $108,000. Municipal Employees Retirement System of Michigan bought a new stake in Computer Task Group in the fourth quarter worth about $432,000. Finally, Tocqueville Asset Management L.P. raised its position in Computer Task Group by 8.9% in the first quarter. Tocqueville Asset Management L.P. now owns 283,078 shares of the information technology services provider’s stock worth $1,217,000 after acquiring an additional 23,078 shares in the last quarter. Institutional investors and hedge funds own 49.85% of the company’s stock.
CTG stock traded up $0.10 during mid-day trading on Wednesday, reaching $4.52. The company had a trading volume of 154,910 shares, compared to its average volume of 31,831. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $57.97 million, a PE ratio of 18.71, a P/E/G ratio of 0.82 and a beta of 0.50. Computer Task Group has a one year low of $3.85 and a one year high of $6.66. The business has a 50-day moving average price of $4.10.
Computer Task Group (NASDAQ:CTG) last posted its earnings results on Tuesday, July 23rd. The information technology services provider reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The company had revenue of $100.41 million for the quarter, compared to analysts’ expectations of $100.31 million. Computer Task Group had a positive return on equity of 5.07% and a negative net margin of 0.67%. As a group, research analysts predict that Computer Task Group will post 0.33 earnings per share for the current fiscal 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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