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

Brokerages have set a 12-month consensus target price of $9.25 for the company and are predicting 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 110 out of 257 based on the ratings given to its competitors.

Several brokerages have recently weighed in on CTG. Zacks Investment Research lowered Computer Task Group from a “hold” rating to a “sell” rating in a report on Monday. ValuEngine upgraded Computer Task Group from a “sell” rating to a “hold” rating in a report on Monday, October 22nd. Barrington Research set a $9.00 price objective on Computer Task Group and gave the company a “buy” rating in a report on Monday, October 15th. Finally, B. Riley set a $10.00 target price on Computer Task Group and gave the stock a “buy” rating in a research report on Friday, October 19th.

Shares of Computer Task Group stock traded down $0.02 during trading on Thursday, hitting $4.37. The stock had a trading volume of 44,800 shares, compared to its average volume of 60,449. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.05. The firm has a market cap of $62.69 million, a price-to-earnings ratio of 19.86, a price-to-earnings-growth ratio of 1.05 and a beta of 0.51. 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 announced its quarterly earnings data on Thursday, October 18th. The information technology services provider reported $0.06 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. The business had revenue of $90.26 million during the quarter, compared to analyst estimates of $88.62 million. Computer Task Group had a return on equity of 5.13% and a net margin of 0.62%. Analysts anticipate that Computer Task Group will post 0.28 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in CTG. Macquarie Group Ltd. raised its position in shares of Computer Task Group by 118.4% during the third quarter. Macquarie Group Ltd. now owns 22,238 shares of the information technology services provider’s stock worth $116,000 after purchasing an additional 12,058 shares during the period. Millennium Management LLC acquired a new stake in shares of Computer Task Group during the first quarter worth $271,000. Crescent Grove Advisors LLC raised its position in shares of Computer Task Group by 54.0% during the third quarter. Crescent Grove Advisors LLC now owns 106,778 shares of the information technology services provider’s stock worth $557,000 after purchasing an additional 37,456 shares during the period. Cove Street Capital LLC acquired a new stake in shares of Computer Task Group during the second quarter worth $604,000. Finally, Ancora Advisors LLC raised its position in shares of Computer Task Group by 68.0% during the third quarter. Ancora Advisors LLC now owns 150,758 shares of the information technology services provider’s stock worth $787,000 after purchasing an additional 61,028 shares during the period. 53.89% of the stock is currently owned by institutional investors.

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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