Barrington analyst Alexander Paris maintained a Buy rating on PRGX Global (PRGX) today and set a price target of $13. The company’s shares opened today at $6.90, close to its 52-week low of $6.75.
Paris noted:
“We expect revenues of $186.6 million (+8.7% YOY); adjusted EBITDA of $28.8 million (+16.8% YOY); and diluted EPS of $0.28, compared to a diluted EPS of $0.14 last year. Our estimates for 2020 call for revenues of $205.2 million (+10.0% YOY), adjusted EBITDA of $32.7 million (+13.7% YOY) and diluted EPS of $0.43 (+53.6% YOY).”
According to TipRanks.com, Paris is a 4-star analyst with an average return of 6.9% and a 49.8% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Strategic Education Inc.
PRGX Global has an analyst consensus of Moderate Buy, with a price target consensus of $12.50.
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Based on PRGX Global’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $4.4 million. In comparison, last year the company had a GAAP net loss of $2.66 million.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PRGX in relation to earlier this year.
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PRGX Global, Inc. is a business analytics and information services company. It operates through following segments: Recovery Audit Services-Americas, Recovery Audit Services-Europe/Asia-Pacific, and Adjacent Services. The Recovery Audit Services -Americas segment provides recovery audit services in U.S., Canada and Latin America.
