Barrington Gives a Buy Rating to Information Services Group

In a report released today, Vincent Colicchio from Barrington assigned a Buy rating to Information Services Group (NASDAQ: III), with a price target of $6. The company’s shares closed yesterday at $4.10.

Colicchio observed:

“We are modestly reducing our 2018 and 2019 non- GAAP EPS forecasts to $0.36 and $0.43 from $0.38 and $0.44, respectively. The EPS changes were caused by the earnings shortfall reported in Q1/18 and several other minor factors.”

According to TipRanks.com, Colicchio is a 3-star analyst with an average return of 6.2% and a 58.1% success rate. Colicchio covers the Technology sector, focusing on stocks such as Sykes Enterprises Inc, Exlservice Holdings, and Convergys Corp.

Currently, the analyst consensus on Information Services Group is Strong Buy and the average price target is $5.92, representing a 44.4% upside.

In a report issued on May 8, B.Riley FBR also assigned a Buy rating to the stock with a $6.50 price target.

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The company has a one-year high of $4.63 and a one-year low of $3.43. Currently, Information Services Group has an average volume of 71.74K.

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Information Services Group, Inc. engages in the provision of sourcing advisory services.It operaets through the following geographical segments: Americas, Europe, and Asia Pacific. The company was founded by Michael P. Connors on July 20, 2006 and is headquartered in Stamford, CT.