Is Hackett Group (NYSE:HCKT) a Sell? What does Suntrust Robinson Think?

June 19, 2017 - By Kurt Siggers

 Is Hackett Group (NYSE:HCKT) a Sell? What does Suntrust Robinson Think?

Why Has Suntrust Robinson Given Hackett Group (NYSE:HCKT) a $19.00 Price Target

In a note revealed to investors and clients on 16 June, Suntrust Robinson analyst has today has begun coverage for Hackett Group (NYSE:HCKT) shares with a Buy rating. The PT is exactly $19.00.

The Hackett Group, Inc. (NASDAQ:HCKT) Ratings Coverage

Among 4 analysts covering Hackett Group (NYSE:HCKT), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Hackett Group has $20 highest and $18 lowest target. $18.75’s average target is 21.12% above currents $15.48 stock price. Hackett Group had 5 analyst reports since November 11, 2015 according to SRatingsIntel. On Wednesday, November 11 the stock rating was maintained by Roth Capital with “Buy”. The company was initiated on Monday, October 17 by Barrington Research. Suntrust Robinson initiated the stock with “Buy” rating in Friday, June 16 report. On Thursday, May 11 the stock rating was downgraded by Craig Hallum to “Hold”. The firm has “Neutral” rating given on Wednesday, May 10 by Roth Capital.

About 2,316 shares traded. The Hackett Group, Inc. (NYSE:HCKT) has risen 3.66% since June 19, 2016 and is uptrending. It has underperformed by 13.04% the S&P500.

The Hackett Group, Inc. is an advisory and technology consulting company. The company has market cap of $475.54 million. The Company’s services include business transformation, enterprise performance management, working capital management and global business services. It has a 20.11 P/E ratio. The Firm is engaged in providing business and technology consulting services.

More notable recent The Hackett Group, Inc. (NASDAQ:HCKT) news were published by: Reuters.com which released: “BRIEF-The Hackett Group announces first quarter 2017 results” on May 09, 2017, also Seekingalpha.com with their article: “The Hackett Group’s (HCKT) CEO Ted Fernandez on Q3 2016 Results – Earnings …” published on November 08, 2016, Bizjournals.com published: “This publicly traded company just inked two acquisitions” on May 16, 2017. More interesting news about The Hackett Group, Inc. (NASDAQ:HCKT) were released by: Businesswire.com and their article: “The Hackett Group Acquires Oracle Cloud Applications Implementer Jibe Consulting” published on May 09, 2017 as well as Seekingalpha.com‘s news article titled: “The Hackett Group’s (HCKT) CEO Ted Fernandez on Q4 2016 Results – Earnings …” with publication date: February 22, 2017.

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