Computer Task Group, Inc. (NASDAQ:CTG) has earned an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation. Computer Task Group’s rating score has improved by 50% from three months ago as a result of a number of analysts’ upgrades and downgrades.

Brokerages have set a twelve-month consensus price target of $9.50 for the company and are predicting that the company will post $0.06 EPS for the current quarter, according to Zacks. Zacks has also given Computer Task Group an industry rank of 86 out of 255 based on the ratings given to related companies.

A number of research firms recently commented on CTG. Zacks Investment Research lowered Computer Task Group from a “buy” rating to a “hold” rating in a research report on Tuesday, April 24th. Barrington Research raised Computer Task Group from a “market perform” rating to an “outperform” rating and set a $9.00 price target for the company in a research report on Friday, June 15th. Finally, ValuEngine lowered Computer Task Group from a “buy” rating to a “hold” rating in a research report on Monday, May 7th.

Shares of Computer Task Group stock traded down $0.10 on Friday, reaching $5.76. 17,424 shares of the company’s stock were exchanged, compared to its average volume of 76,230. The stock has a market capitalization of $84.80 million, a price-to-earnings ratio of 23.44, a PEG ratio of 1.26 and a beta of 0.52. Computer Task Group has a 52 week low of $4.90 and a 52 week high of $9.62. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.41 and a current ratio of 2.41.

Computer Task Group (NASDAQ:CTG) last posted its quarterly earnings results on Thursday, July 19th. The information technology services provider reported $0.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.08. Computer Task Group had a return on equity of 4.78% and a net margin of 0.30%. The firm had revenue of $92.67 million for the quarter, compared to analysts’ expectations of $88.06 million. equities research analysts forecast that Computer Task Group will post 0.31 EPS for the current year.

Several institutional investors have recently made changes to their positions in the company. Algert Global LLC boosted its stake in Computer Task Group by 5.2% in the 1st quarter. Algert Global LLC now owns 155,228 shares of the information technology services provider’s stock worth $1,271,000 after purchasing an additional 7,711 shares during the period. Ancora Advisors LLC boosted its position in shares of Computer Task Group by 6.8% during the 1st quarter. Ancora Advisors LLC now owns 207,567 shares of the information technology services provider’s stock valued at $1,700,000 after acquiring an additional 13,218 shares during the last quarter. Yakira Capital Management Inc. bought a new stake in shares of Computer Task Group during the 1st quarter valued at about $124,000. Deutsche Bank AG boosted its position in shares of Computer Task Group by 35.6% during the 4th quarter. Deutsche Bank AG now owns 61,402 shares of the information technology services provider’s stock valued at $313,000 after acquiring an additional 16,120 shares during the last quarter. Finally, Marathon Trading Investment Management LLC bought a new stake in shares of Computer Task Group during the 1st quarter valued at about $139,000. 54.23% of the stock is owned by hedge funds and other institutional investors.

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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