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Computer Task Group Stock Price, Forecast & Analysis (NASDAQ:CTG)

$5.56
-0.14 (-2.46 %)
(As of 11/15/2019 04:00 PM ET)
Today's Range
$5.33
Now: $5.56
$5.77
50-Day Range
$4.77
MA: $5.20
$5.78
52-Week Range
$3.85
Now: $5.56
$6.05
Volume124,700 shs
Average Volume71,291 shs
Market Capitalization$81.73 million
P/E Ratio23.17
Dividend YieldN/A
Beta0.49
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. Read More…

Industry, Sector and Symbol

Industry Custom computer programming services
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:CTG
Previous SymbolNASDAQ:CTGX
CUSIPN/A
Phone716-882-8000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$358.77 million
Cash Flow$0.39 per share
Book Value$4.51 per share

Profitability

Net Income$-2,820,000.00

Miscellaneous

Employees4,150
Market Cap$81.73 million
Next Earnings Date2/18/2020 (Estimated)
OptionableOptionable

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Computer Task Group (NASDAQ:CTG) Frequently Asked Questions

What is Computer Task Group's stock symbol?

Computer Task Group trades on the NASDAQ under the ticker symbol "CTG."

How will Computer Task Group's stock buyback program work?

Computer Task Group declared that its Board of Directors has approved a stock buyback program on Friday, February 16th 2018, which allows the company to buyback 1,000% of shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through a dutch auction. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.

How were Computer Task Group's earnings last quarter?

Computer Task Group, Inc. (NASDAQ:CTG) posted its quarterly earnings results on Tuesday, October, 22nd. The information technology services provider reported $0.10 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.09 by $0.01. The information technology services provider had revenue of $97.20 million for the quarter, compared to the consensus estimate of $98.50 million. Computer Task Group had a positive return on equity of 6.29% and a negative net margin of 0.72%. View Computer Task Group's Earnings History.

When is Computer Task Group's next earnings date?

Computer Task Group is scheduled to release their next quarterly earnings announcement on Tuesday, February 18th 2020. View Earnings Estimates for Computer Task Group.

What guidance has Computer Task Group issued on next quarter's earnings?

Computer Task Group issued an update on its FY 2019 earnings guidance on Tuesday, October, 22nd. The company provided earnings per share (EPS) guidance of $0.33-0.39 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.35. The company issued revenue guidance of $390-400 million, compared to the consensus revenue estimate of $398.01 million.

What price target have analysts set for CTG?

2 analysts have issued twelve-month price objectives for Computer Task Group's shares. Their forecasts range from $7.00 to $8.00. On average, they expect Computer Task Group's share price to reach $7.50 in the next twelve months. This suggests a possible upside of 34.9% from the stock's current price. View Analyst Price Targets for Computer Task Group.

What is the consensus analysts' recommendation for Computer Task Group?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Computer Task Group in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Computer Task Group.

What are Wall Street analysts saying about Computer Task Group stock?

Here are some recent quotes from research analysts about Computer Task Group stock:
  • 1. According to Zacks Investment Research, "Computer Task Group, Incorporated provides information technology (IT) staffing, IT solutions, and application management outsourcing services in North America and Europe. The company's staffing services consist of recruiting, retaining, and managing IT talent for its clients. Its IT solutions include helping clients assess their business needs and identifying the IT solutions for these needs, as well as the delivery of services, including the selection and implementation of packaged software, and the design, construction, testing, and integration of new systems. It serves primarily technology service providers, financial services, healthcare, and life sciences market areas.Computer Task Group was founded in 1966 by Randolph A. Marks and G. David Bae. The company is headquartered in Buffalo, New York " (10/28/2019)
  • 2. Barrington Research analysts commented, "We expect the company to provide its initial financial guidance for 2019 when it reports earnings in coming weeks." (1/4/2019)

Has Computer Task Group been receiving favorable news coverage?

News headlines about CTG stock have trended somewhat negative on Saturday, according to InfoTrie Sentiment. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Computer Task Group earned a news sentiment score of -1.3 on InfoTrie's scale. They also gave news coverage about the information technology services provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the near term. View News Stories for Computer Task Group.

Are investors shorting Computer Task Group?

Computer Task Group saw a drop in short interest during the month of October. As of October 31st, there was short interest totalling 15,800 shares, a drop of 18.1% from the September 30th total of 19,300 shares. Based on an average trading volume of 52,900 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the company's stock are sold short. View Computer Task Group's Current Options Chain.

Who are some of Computer Task Group's key competitors?

What other stocks do shareholders of Computer Task Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Computer Task Group investors own include Corbus Pharmaceuticals (CRBP), Criteo (CRTO), Inpixon (INPX), DHI Group (DHX), Ampio Pharmaceuticals (AMPE), Amarin (AMRN), Digital Turbine (APPS), ArQule (ARQL), Athersys (ATHX) and Autoweb (AUTO).

Who are Computer Task Group's key executives?

Computer Task Group's management team includes the folowing people:
  • Mr. Arthur W. Crumlish, Pres, CEO & Director (Age 64)
  • Mr. Filip J. L. Gydé, CEO, Pres & Director (Age 58)
  • Mr. John M. Laubacker, Exec. VP, CFO & Treasurer (Age 52)
  • Mr. Peter P. Radetich, Sr. VP, Gen. Counsel & Sec. (Age 64)
  • Ms. Laura Momplet, Chief Operations Officer and Chief Clinical Officer

Who are Computer Task Group's major shareholders?

Computer Task Group's stock is owned by many different of institutional and retail investors. Top institutional investors include Tocqueville Asset Management L.P. (1.41%), Gabelli Funds LLC (0.25%) and Gamco Investors INC. ET AL (0.13%). View Institutional Ownership Trends for Computer Task Group.

Which institutional investors are selling Computer Task Group stock?

CTG stock was sold by a variety of institutional investors in the last quarter, including Tocqueville Asset Management L.P.. View Insider Buying and Selling for Computer Task Group.

Which institutional investors are buying Computer Task Group stock?

CTG stock was bought by a variety of institutional investors in the last quarter, including Gamco Investors INC. ET AL and Gabelli Funds LLC. View Insider Buying and Selling for Computer Task Group.

How do I buy shares of Computer Task Group?

Shares of CTG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Computer Task Group's stock price today?

One share of CTG stock can currently be purchased for approximately $5.56.

How big of a company is Computer Task Group?

Computer Task Group has a market capitalization of $81.73 million and generates $358.77 million in revenue each year. The information technology services provider earns $-2,820,000.00 in net income (profit) each year or $0.24 on an earnings per share basis. Computer Task Group employs 4,150 workers across the globe.View Additional Information About Computer Task Group.

What is Computer Task Group's official website?

The official website for Computer Task Group is http://www.ctg.com/.

How can I contact Computer Task Group?

Computer Task Group's mailing address is 800 DELAWARE AVE, BUFFALO NY, 14209. The information technology services provider can be reached via phone at 716-882-8000.


MarketBeat Community Rating for Computer Task Group (NASDAQ CTG)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  252 (Vote Outperform)
Underperform Votes:  221 (Vote Underperform)
Total Votes:  473
MarketBeat's community ratings are surveys of what our community members think about Computer Task Group and other stocks. Vote "Outperform" if you believe CTG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CTG will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/16/2019 by MarketBeat.com Staff

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