In a report released today, Alexander Paris from Barrington maintained a Buy rating on PRGX Global (PRGX), with a price target of $13. The company’s shares closed yesterday at $9.34, equals to its 52-week low of $9.34.
Paris wrote:
“We expect revenue in the fourth quarter of $52.4 million, up 11.3% from $47.1 million last year; adjusted EBITDA, which excludes one-time items, foreign currency gains/losses on intercompany balances and stock-based comp, of $11.2 million, up 20.5% YOY; and diluted earnings per share of $0.26, up 4.0% YOY. The FactSet consensus calls for revenue of $52.4 million (two estimates of $52.4 million and $52.5 million), adjusted EBITDA of $11.3 million (two estimates of $11.2 million and $11.3 million) and diluted earnings per share of $0.24 (two estimates of $0.21 and $0.26).”
According to TipRanks.com, Paris is a 5-star analyst with an average return of 13.0% and a 60.6% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, Strategic Education Inc, and Grand Canyon Education.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PRGX Global with a $13 average price target.
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Based on PRGX Global’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $2.3 million. In comparison, last year the company had a net profit of $5.31 million.
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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.
