In a report released today, Vincent Colicchio from Barrington assigned a Hold rating to Convergys Corp (NYSE: CVG). The company’s shares closed on Friday at $23.69.
Colicchio observed:
“We are maintaining our 2018 and 2019 non-GAAP EPS forecasts of $1.69 and $1.79, respectively.”
According to TipRanks.com, Colicchio is a 3-star analyst with an average return of 6.2% and a 55.8% 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 Convergys Corp is Hold and the average price target is $22, representing a -7.1% downside.
In a report issued on May 16, Robert W. Baird also maintained a Hold rating on the stock with a $22 price target.
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Convergys Corp’s market cap is currently $2.17B and has a P/E ratio of 20.80. The company has a Price to Book ratio of 1.58.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock.
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Convergys Corp. engages in the provision of integrated agent, analytics and technology solutions. It offers sales, customer care, customer retention, technical support, collections, analytics, and omnichannel technology. The company was founded in 1998 and is headquartered in Cincinnati, OH.
