Zacks: Computer Task Group, Inc. (NASDAQ:CTG) Given $5.75 Average Price Target by Analysts

Computer Task Group, Inc. (NASDAQ:CTG) has received a consensus broker rating score of 2.33 (Buy) from the three analysts that cover the company, Zacks Investment Research ^[1] reports. Two research analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.

Brokerages have set a twelve-month consensus price objective of $5.75 for the company and are anticipating that the company will post $0.04 EPS for the current quarter, according to Zacks. Zacks has also assigned Computer Task Group an industry rank of 92 out of 265 based on the ratings given to related companies.

CTG has been the topic of a number of research reports. Zacks Investment Research ^[2] lowered shares of Computer Task Group from a "buy" rating to a "hold" rating in a report on Tuesday, February 9th. B. Riley reiterated a "buy" rating and issued a $5.75 price objective on shares of Computer Task Group in a research note on Saturday, February 27th.

In other news, SVP Filip J. L. Gyde sold 6,318 shares of the firm's stock in a transaction on Wednesday, January 6th. The shares were sold at an average price of $6.49, for a total value of $41,003.82. Following the sale, the senior vice president now directly owns 96,500 shares in the company, valued at approximately $626,285. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website ^[3].

Computer Task Group (NASDAQ:CTG ^[4]) traded up 1.18% on Monday, reaching $5.16. 27,260 shares of the company's stock traded hands. The firm has a 50-day moving average price of $5.12 and a 200-day moving average price of $6.19. The stock has a market capitalization of $98.26 million and a price-to-earnings ratio of 12.59. Computer Task Group has a 52 week low of $4.70 and a 52 week high of $8.41.

Computer Task Group (NASDAQ:CTG) last issued its quarterly earnings results on Tuesday, February 23rd. The company reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.11 by $0.05. The business had revenue of $84.20 million for the quarter, compared to analyst estimates of $88.51 million. During the same period in the prior year, the company posted $0.21 EPS. The firm's revenue for the quarter was down 14.3% compared to the same quarter last year. On average, analysts predict that Computer Task Group will post $0.21 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 6th. Shareholders of record on Wednesday, March 23rd will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 4.71%. The ex-dividend date is Monday, March 21st.

Computer Task Group, Incorporated (NASDAQ:CTG ^[5]) is an information technology (IT) solutions and staffing services company, with operations in North America and Europe. The Company is engaged in providing IT services, including IT Solutions and IT Staffing.

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