In a report released yesterday, Jeff Martin from Roth Capital reiterated a Buy rating on The Hackett Group (NASDAQ: HCKT), with a price target of $24. The company’s shares opened today at $19.28, close to its 52-week high of $19.33.
According to TipRanks.com, Martin is a 5-star analyst with an average return of 18.7% and a 61.6% success rate. Martin covers the Services sector, focusing on stocks such as Insperity Inc, NV5 Holdings, and BG Staffing.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for The Hackett Group with a $23 average price target, implying a 19.3% upside from current levels. In a report released yesterday, Barrington also maintained a Buy rating on the stock with a $22 price target.
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Based on The Hackett Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $11.52 million. In comparison, last year the company had a net profit of $4.75 million.
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The Hackett Group, Inc. operates as an intellectual property-based strategic consultancy and enterprise company, which engages in generating value for its clients, shareholders and associates. The firm offers benchmarking, executive advisory, business transformation, enterprise performance management, working capital management, implementing, training and advisory to global business services. It also provides dedicated expertise in business strategy, operations, finance, human capital management, strategic sourcing, procurement and information technology. The company was founded by Ted A. Fernandez and David N. Dungan in 1991 and is headquartered in Miami, FL.
