Barrington analyst Vincent Colicchio maintained a Buy rating on Computer Task (NASDAQ: CTG) today and set a price target of $9. The company’s shares opened today at $5.02, close to its 52-week low of $4.87.
According to TipRanks.com, Colicchio is a 3-star analyst with an average return of 2.4% and a 49.2% success rate. Colicchio covers the Technology sector, focusing on stocks such as Sykes Enterprises Inc, Exlservice Holdings, and Convergys Corp.
Computer Task has an analyst consensus of Moderate Buy, with a price target consensus of $9.25, which is an 84.3% upside from current levels. In a report released today, B.Riley FBR also maintained a Buy rating on the stock with a $9.50 price target.
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Based on Computer Task’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $1.18 million. 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.
