Shares of Computer Task Group, Inc. (NASDAQ:CTG) have earned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Brokers have set a 1-year consensus target price of $9.25 for the company and are forecasting 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 70 out of 256 based on the ratings given to its competitors.
Several analysts have recently weighed in on the stock. ValuEngine upgraded shares of Computer Task Group from a “sell” rating to a “hold” rating in a research report on Wednesday. Barrington Research reiterated a “buy” rating and set a $9.00 target price on shares of Computer Task Group in a research report on Friday, January 4th. Finally, Zacks Investment Research upgraded shares of Computer Task Group from a “sell” rating to a “hold” rating in a research report on Tuesday, December 18th.
NASDAQ CTG traded up $0.04 during midday trading on Tuesday, hitting $4.62. The company had a trading volume of 2,746 shares, compared to its average volume of 10,363. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.16 and a quick ratio of 2.16. The firm has a market capitalization of $65.55 million, a price-to-earnings ratio of 20.98, a P/E/G ratio of 0.74 and a beta of 0.54. Computer Task Group has a fifty-two week low of $3.85 and a fifty-two week high of $9.62.
Computer Task Group (NASDAQ:CTG) last posted its quarterly earnings results on Thursday, October 18th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. The company had revenue of $90.26 million for the quarter, compared to analyst estimates of $88.62 million. Computer Task Group had a net margin of 0.62% and a return on equity of 5.13%. As a group, sell-side analysts expect that Computer Task Group will post 0.28 earnings per share for the current fiscal 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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