Computer Task Group, Inc. (NASDAQ:CTG) has earned a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Brokers have set a 12 month consensus target price of $8.00 for the company and are predicting that the company will post $0.06 EPS for the current quarter, according to Zacks. Zacks has also assigned Computer Task Group an industry rank of 213 out of 265 based on the ratings given to its competitors.
Several analysts have weighed in on the company. B. Riley set a $9.00 price objective on Computer Task Group and gave the company a “buy” rating in a research report on Monday, October 23rd. TheStreet upgraded Computer Task Group from a “d+” rating to a “c” rating in a research report on Tuesday, October 24th. Finally, Zacks Investment Research upgraded Computer Task Group from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th.
Computer Task Group (CTG) traded down $0.02 during trading hours on Friday, reaching $5.11. The company had a trading volume of 31,116 shares, compared to its average volume of 36,944. The company has a market cap of $80.09, a P/E ratio of 34.07, a price-to-earnings-growth ratio of 1.91 and a beta of 1.23. Computer Task Group has a one year low of $4.30 and a one year high of $6.33.
Computer Task Group (NASDAQ:CTG) last announced its quarterly earnings data on Tuesday, October 24th. The information technology services provider reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.01). Computer Task Group had a net margin of 0.78% and a return on equity of 4.50%. The company had revenue of $74.04 million during the quarter, compared to the consensus estimate of $75.80 million. During the same quarter in the previous year, the firm posted $0.04 EPS. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. sell-side analysts forecast that Computer Task Group will post 0.22 EPS for the current fiscal year.
Computer Task Group announced that its Board of Directors has authorized a stock buyback plan on Tuesday, October 24th that authorizes the company to repurchase $10.00 million in shares. This repurchase authorization authorizes the information technology services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
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About Computer Task Group
Computer Task Group, Incorporated (CTG) is an information technology (IT) solutions and staffing services company. The Company primarily operates in the segment of providing IT services to its clients. The Company has operations in North America and Europe. The Company is engaged in providing IT services, including IT Solutions, and IT and other Staffing.
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