Barrington analyst Vincent Colicchio maintained a Buy rating on The Hackett Group (HCKT) today and set a price target of $22. The company’s shares opened today at $15.56, close to its 52-week low of $15.16.
Colicchio commented:
“We are increasing our 2019 non-GAAP EPS forecast to $1.09 from $1.08 and we are maintaining our 2020 non-GAAP EPS forecast of $1.18.”
According to TipRanks.com, Colicchio ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -4.1% and a 48.0% success rate. Colicchio covers the Technology sector, focusing on stocks such as Sykes Enterprises Inc, Exlservice Holdings, and Computer Task.
Currently, the analyst consensus on The Hackett Group is a Moderate Buy with an average price target of $22.
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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 $7.37 million.
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The Hackett Group, Inc. is an intellectual property-based strategic consultancy and enterprise company, which engages in the provision of business and technology consulting services. The firm offers services include benchmarking, executive advisory, business transformation, enterprise performance management, training, and advisory to global business services.
