Computer Task Group, Inc. (NASDAQ:CTG) has earned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Brokers have set a twelve-month consensus target price of $9.50 for the company and are anticipating that the company will post $0.06 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Computer Task Group an industry rank of 88 out of 255 based on the ratings given to related companies.
CTG has been the topic of a number of research reports. ValuEngine downgraded Computer Task Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 18th. Barrington Research set a $9.00 target price on Computer Task Group and gave the company a “buy” rating in a report on Thursday, July 12th. Finally, Zacks Investment Research upgraded Computer Task Group from a “sell” rating to a “hold” rating in a report on Friday, August 24th.
NASDAQ CTG traded up $0.09 on Wednesday, hitting $5.83. 75,771 shares of the company were exchanged, compared to its average volume of 21,991. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.09. The company has a market cap of $84.51 million, a PE ratio of 26.50, a PEG ratio of 1.26 and a beta of 0.50. Computer Task Group has a twelve month low of $4.90 and a twelve month high of $9.62.
Computer Task Group (NASDAQ:CTG) last posted its quarterly earnings data on Thursday, July 19th. The information technology services provider reported $0.08 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. The firm had revenue of $92.67 million for the quarter, compared to the consensus estimate of $88.06 million. Computer Task Group had a return on equity of 4.78% and a net margin of 0.30%. research analysts forecast that Computer Task Group will post 0.31 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of CTG. Yakira Capital Management Inc. acquired a new position in shares of Computer Task Group in the 1st quarter valued at about $124,000. Marathon Trading Investment Management LLC bought a new stake in shares of Computer Task Group in the 1st quarter valued at approximately $139,000. Millennium Management LLC bought a new stake in shares of Computer Task Group in the 1st quarter valued at approximately $271,000. Bailard Inc. bought a new stake in shares of Computer Task Group in the 1st quarter valued at approximately $272,000. Finally, Deutsche Bank AG grew its stake in shares of Computer Task Group by 35.6% in the 4th quarter. Deutsche Bank AG now owns 61,402 shares of the information technology services provider’s stock valued at $313,000 after buying an additional 16,120 shares in the last quarter. Institutional investors own 51.08% of the company’s stock.
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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