In a report released today, Vincent Colicchio from Barrington maintained a Buy rating on Information Services Group (III), with a price target of $6. The company’s shares closed yesterday at $4.08, close to its 52-week low of $3.83.
Colicchio commented:
“We are increasing our 2018 non-GAAP EPS forecast to $0.43 from $0.38 but reducing our 2019 non-GAAP EPS forecast to $0.40 from $0.43.”
According to TipRanks.com, Colicchio is a 1-star analyst with an average return of -4.6% and a 34.2% success rate. Colicchio covers the Technology sector, focusing on stocks such as Sykes Enterprises Inc, Exlservice Holdings, and Computer Task.
Information Services Group has an analyst consensus of Moderate Buy, with a price target consensus of $5.63, representing a 38.0% upside. In a report released yesterday, Noble Financial also reiterated a Buy rating on the stock with a $5.25 price target.
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Information Services Group’s market cap is currently $183.2M and has a P/E ratio of 55.43. The company has a Price to Book ratio of 2.59.
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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.
