Computer Task Group, Incorporated (CTG) Company Bio
Computer Task Group, Incorporated operates as an information technology (IT) solutions and staffing services company in North America and Europe. The company was founded in 1966 and is based in Buffalo, New York.
CTG Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Computer Task Group Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Computer Task Group Inc ranked in the 89th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 2118.5%. In terms of the factors that were most noteworthy in this DCF analysis for CTG, they are:
The company's balance sheet shows it gets 68% of its capital from equity, and 32% of its capital from debt. Its equity weight surpasses that of just 16.3% of free cash flow generating stocks in the Technology sector.
Computer Task Group Inc's weighted average cost of capital (WACC) is 7%; for context, that number is higher than only 8.09% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
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Reiterates Recent Track Record of High-Level Performance and Successful Strategic TransformationBUFFALO, N.Y., Sept. 21, 2020 (GLOBE NEWSWIRE) -- CTG (NASDAQ: CTG), a leading provider of information technology (IT) solutions and services in North America and Western Europe, today announced that CTG shareholders approved all proposals considered at the Company’s 2020 Annual Meeting of Shareholders by a significant margin, including the re-election of James R. Helvey, III and Owen J. Sullivan to the Board, compensation of named executive officers, ratification of the Company’s independent registered public accounting firm and ratification of the Company’s 2020 Equity Award Plan. CTG issued the following statement: On behalf of the CTG Board of Directors and senior management team, we tha...
Successfully Transforming Business Toward a Solutions-centric Organization On Track to Position CTG as a Premier Global Solutions ProviderBUFFALO, N.Y., Sept. 10, 2020 (GLOBE NEWSWIRE) -- CTG (NASDAQ: CTG), a leading provider of information technology (IT) solutions and services in North America and Western Europe, today issued the following statement:For the past several years, the CTG Board and management team have been implementing a plan to transform into a high-margin, solutions-centric business. We have made significant progress in this transformation and our strong performance trends over the past eighteen months are proof that our strategy is working. Despite the unprecedented and challenging global business environment, we delivered strong second quarter results with both reve...
LOS ANGELES, CA / ACCESSWIRE / August 31, 2020 / LD Micro today announced the final list of companies slated to present at the upcoming LD 500, taking place September 1st-4th, 2020, exclusively online.
BUFFALO, N.Y., Aug. 27, 2020 (GLOBE NEWSWIRE) -- CTG (NASDAQ: CTG), a leading provider of information technology (IT) solutions and services in North America and Western Europe, today announced that management will be presenting and available to meet with participating investors at the following virtual investor conferences. The LD Micro 500 Conference Presentation: Wednesday, September 2nd at 4:20 p.m. ET Webcast: A live webcast can be accessed at investors.ctg.com9th Annual Gateway Conference Presentation: Thursday, September 10th at 10:30 a.m. ET Webcast: A live webcast can be accessed at investors.ctg.comPortfolio managers and analysts can request a virtual meeting with the Company by contacting LD Micro at [email protected] or Gateway at [email protected] CTGCTG (NASDA...
Executives from a Range of Industries to Present to 500+ Institutional Investors & AnalystsNEWPORT BEACH, CA / ACCESSWIRE / August 27, 2020 / The Gateway Conference is back for its 9th year and will showcase both public and private companies virtually on September 9th and 10th.