Barrington Maintains Their Buy Rating on The Hackett Group (HCKT)


In a report released today, Vincent Colicchio from Barrington maintained a Buy rating on The Hackett Group (HCKT), with a price target of $22. The company’s shares closed yesterday at $19.45.

Colicchio said:

“We are reducing our 2019 non-GAAP EPS forecast to $1.08 from $1.18 and introducing a 2020 non-GAAP EPS forecast of $1.18.”

According to TipRanks.com, Colicchio is a 1-star analyst with an average return of -3.6% and a 56.0% success rate. Colicchio covers the Technology sector, focusing on stocks such as Exlservice Holdings, Computer Task, and HealthStream.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for The Hackett Group with a $22 average price target.

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Based on The Hackett Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $136K. In comparison, last year the company had a net profit of $9.44 million.

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The Hackett Group, Inc. operates as an intellectual property-based strategic consultancy and enterprise company, which engages in generating value for its clients, shareholders and associates. The firm offers benchmarking, executive advisory, business transformation, enterprise performance management, working capital management, implementing, training and advisory to global business services. It also provides dedicated expertise in business strategy, operations, finance, human capital management, strategic sourcing, procurement and information technology. The company was founded by Ted A. Fernandez and David N. Dungan in 1991 and is headquartered in Miami, FL.