Zacks: Computer Task Group, Inc. (CTG) Given Consensus Recommendation of “Strong Buy” by Analysts

Computer Task Group, Inc. (NASDAQ:CTG) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.

Analysts have set a twelve-month consensus price target of $9.25 for the company and are expecting that the company will post $0.08 EPS for the current quarter, according to Zacks. Zacks has also given Computer Task Group an industry rank of 145 out of 257 based on the ratings given to related companies.

Several research firms recently issued reports on CTG. Zacks Investment Research raised shares of Computer Task Group from a “sell” rating to a “hold” rating in a report on Friday, August 24th. ValuEngine downgraded shares of Computer Task Group from a “hold” rating to a “sell” rating in a report on Tuesday, September 4th. Barrington Research set a $9.00 price objective on shares of Computer Task Group and gave the stock a “buy” rating in a report on Monday, October 15th. Finally, B. Riley set a $10.00 price objective on shares of Computer Task Group and gave the stock a “buy” rating in a report on Friday, October 19th.

Computer Task Group stock traded up $0.04 during trading hours on Wednesday, hitting $4.35. The company had a trading volume of 494 shares, compared to its average volume of 28,815. The firm has a market cap of $61.55 million, a PE ratio of 19.68, a P/E/G ratio of 1.03 and a beta of 0.57. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.16 and a current ratio of 2.16. Computer Task Group has a fifty-two week low of $4.21 and a fifty-two week high of $9.62.

Computer Task Group (NASDAQ:CTG) last posted its earnings results on Thursday, October 18th. The information technology services provider reported $0.06 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06. The company had revenue of $90.26 million during the quarter, compared to the consensus estimate of $88.62 million. Computer Task Group had a net margin of 0.62% and a return on equity of 5.13%. Equities analysts anticipate that Computer Task Group will post 0.28 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in the stock. Macquarie Group Ltd. increased its position in Computer Task Group by 118.4% in the 3rd quarter. Macquarie Group Ltd. now owns 22,238 shares of the information technology services provider’s stock valued at $116,000 after acquiring an additional 12,058 shares in the last quarter. Millennium Management LLC acquired a new stake in Computer Task Group in the 1st quarter valued at about $271,000. Crescent Grove Advisors LLC increased its position in Computer Task Group by 54.0% in the 3rd quarter. Crescent Grove Advisors LLC now owns 106,778 shares of the information technology services provider’s stock valued at $557,000 after acquiring an additional 37,456 shares in the last quarter. Cove Street Capital LLC acquired a new stake in Computer Task Group in the 2nd quarter valued at about $604,000. Finally, Ancora Advisors LLC increased its position in Computer Task Group by 68.0% in the 3rd quarter. Ancora Advisors LLC now owns 150,758 shares of the information technology services provider’s stock valued at $787,000 after acquiring an additional 61,028 shares in the last quarter. Institutional investors and hedge funds own 53.53% 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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