Barrington Maintains Their Buy Rating on Computer Task (CTG)


In a report released today, Vincent Colicchio from Barrington maintained a Buy rating on Computer Task (NASDAQ: CTG), with a price target of $9. The company’s shares closed on Friday at $5.22, close to its 52-week low of $4.90.

Colicchio noted:

“We expect the company to report Q3/18 non-GAAP EPS of $0.06, which is in line with the FactSet consensus of $0.06. Our forecast represents an increase from $0.05 in the year-ago period and a decline from $0.08 in the sequential period.”

According to TipRanks.com, Colicchio is a 2-star analyst with an average return of 0.8% and a 48.4% success rate. Colicchio covers the Technology sector, focusing on stocks such as Sykes Enterprises Inc, Exlservice Holdings, and Convergys Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Computer Task with a $9.50 average price target.

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Based on Computer Task’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $940K. In comparison, last year the company had a net profit of $40K.

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Computer Task Group, Inc. engages in the provision of information technology solutions and staffing services. The firm’s services encompass the information technology business solution life cycle, including phases for planning, developing, implementing, managing, and maintaining the information technology solution.

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