Computer Task Group (NASDAQ:CTG) received a $8.00 price target from investment analysts at B. Riley in a research report issued to clients and investors on Monday, TipRanks reports. The firm presently has a “buy” rating on the information technology services provider’s stock. B. Riley’s target price would suggest a potential upside of 76.99% from the stock’s previous close. B. Riley also issued estimates for Computer Task Group’s Q4 2019 earnings at $0.12 EPS, Q2 2020 earnings at $0.12 EPS, Q3 2020 earnings at $0.07 EPS, Q4 2020 earnings at $0.14 EPS and FY2020 earnings at $0.41 EPS.

CTG has been the subject of several other reports. Barrington Research set a $7.00 target price on shares of Computer Task Group and gave the stock a “buy” rating in a research report on Monday. Zacks Investment Research raised shares of Computer Task Group from a “sell” rating to a “hold” rating in a research report on Friday, April 19th. TheStreet downgraded shares of Computer Task Group from a “c-” rating to a “d” rating in a research report on Tuesday, February 19th. Finally, ValuEngine raised shares of Computer Task Group from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Computer Task Group presently has a consensus rating of “Buy” and a consensus price target of $8.00.

Shares of CTG opened at $4.52 on Monday. Computer Task Group has a 52 week low of $3.85 and a 52 week high of $8.63. The company has a market cap of $68.65 million, a P/E ratio of 18.83, a P/E/G ratio of 0.84 and a beta of 0.49. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.06.

Computer Task Group (NASDAQ:CTG) last announced its quarterly earnings data on Thursday, April 18th. The information technology services provider reported $0.06 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.06. Computer Task Group had a negative net margin of 0.67% and a positive return on equity of 5.02%. The firm had revenue of $97.24 million for the quarter, compared to the consensus estimate of $93.63 million. On average, equities research analysts predict that Computer Task Group will post 0.34 EPS for the current year.

Several institutional investors have recently modified their holdings of CTG. Ancora Advisors LLC lifted its stake in shares of Computer Task Group by 85.1% in the fourth quarter. Ancora Advisors LLC now owns 278,986 shares of the information technology services provider’s stock worth $1,138,000 after buying an additional 128,228 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Computer Task Group in the fourth quarter worth $432,000. Crescent Grove Advisors LLC lifted its stake in shares of Computer Task Group by 84.3% in the fourth quarter. Crescent Grove Advisors LLC now owns 196,778 shares of the information technology services provider’s stock worth $803,000 after buying an additional 90,000 shares during the last quarter. Minerva Advisors LLC lifted its stake in shares of Computer Task Group by 6.6% in the fourth quarter. Minerva Advisors LLC now owns 1,233,160 shares of the information technology services provider’s stock worth $5,031,000 after buying an additional 76,412 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in shares of Computer Task Group by 19.8% in the fourth quarter. BlackRock Inc. now owns 387,098 shares of the information technology services provider’s stock worth $1,580,000 after buying an additional 64,107 shares during the last quarter. Institutional investors and hedge funds own 49.44% of the company’s stock.

About Computer Task Group

Computer Task Group, Incorporated, together with its subsidiaries, operates as an information technology solutions and staffing services company in North America, Europe, and India. Its IT solutions include the implementation and optimization of packaged software applications; development and deployment of customized software and solutions designed to fit the needs of a specific client or market; and design and distribution of complex technology components, as well as offers consulting services.

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