Analysts Set The Hackett Group, Inc. (HCKT) PT at $21.67

Shares of The Hackett Group, Inc. (NASDAQ:HCKT) have been given a consensus recommendation of “Buy” by the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $21.67.

Several research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of The Hackett Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 9th. BidaskClub lowered shares of The Hackett Group from a “hold” rating to a “sell” rating in a research report on Friday, June 8th. ValuEngine upgraded shares of The Hackett Group from a “hold” rating to a “buy” rating in a research report on Thursday, August 9th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $23.00 target price on shares of The Hackett Group in a research report on Thursday, August 9th.

Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in The Hackett Group during the first quarter valued at about $162,000. Mackay Shields LLC purchased a new stake in The Hackett Group during the first quarter valued at about $164,000. MetLife Investment Advisors LLC purchased a new stake in The Hackett Group during the fourth quarter valued at about $175,000. Dynamic Technology Lab Private Ltd purchased a new stake in The Hackett Group during the first quarter valued at about $177,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in The Hackett Group during the first quarter valued at about $210,000. Institutional investors and hedge funds own 74.98% of the company’s stock.

NASDAQ:HCKT traded up $0.12 during midday trading on Thursday, hitting $18.86. The company had a trading volume of 52,300 shares, compared to its average volume of 99,035. The Hackett Group has a 52-week low of $13.27 and a 52-week high of $19.33. The firm has a market capitalization of $557.12 million, a PE ratio of 24.82, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.73 and a current ratio of 1.73.

The Hackett Group (NASDAQ:HCKT) last announced its earnings results on Tuesday, August 7th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. The Hackett Group had a net margin of 11.62% and a return on equity of 23.41%. The company had revenue of $75.65 million during the quarter, compared to analyst estimates of $75.04 million. sell-side analysts forecast that The Hackett Group will post 0.89 EPS for the current fiscal year.

About The Hackett Group

The Hackett Group, Inc operates as a strategic advisory and technology consulting firm primarily in North America and European countries. Its executive advisory programs include best practice intelligence center, an online searchable repository of best practices, performance metrics, conference presentations, and associated research; best practice accelerators that provide Web based access to best practices, customized software configuration tools, and best practice process flows; advisor inquiry, an inquiry service used by clients for access to fact-based advice on proven approaches and methods; best practice research, a research that provides insights into the proven approaches; and peer interaction comprising member-led Webcasts, annual best practice conferences, annual member forums, membership performance surveys, and client-submitted content.

Read More: Price to Earnings Ratio (PE)

Receive News & Ratings for The Hackett Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hackett Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply