In a report released today, Vincent Colicchio from Barrington maintained a Hold rating on Forrester Research (FORR). The company’s shares closed yesterday at $47.83, close to its 52-week high of $50.
Colicchio observed:
“We plan to update our earnings model after the deal closes.”
According to TipRanks.com, Colicchio has 0 stars on 0-5 star ranking scale with an average return of -7.9% and a 31.1% success rate. Colicchio covers the Technology sector, focusing on stocks such as Sykes Enterprises Inc, Exlservice Holdings, and Computer Task.
The word on The Street in general, suggests a Hold analyst consensus rating for Forrester Research.
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Forrester Research’s market cap is currently $873.5M and has a P/E ratio of 73.10. The company has a Price to Book ratio of 5.95.
Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative on the stock.
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Forrester Research, Inc. engages in the provision of research, data, and advisory services. It operates through the following segments: Research, Product, and Project Consulting.
