Brokerages have set a twelve-month consensus price target of $12.50 for the company and are predicting that the company will post ($0.11) EPS for the current quarter, according to Zacks. Zacks has also given PRGX Global an industry rank of 155 out of 255 based on the ratings given to related companies.
PRGX Global Inc (NASDAQ:PRGX) has earned an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.
A number of brokerages have recently issued reports on PRGX. Zacks Investment Research cut shares of PRGX Global from a “buy” rating to a “hold” rating in a research report on Saturday, March 9th. Barrington Research reaffirmed an “outperform” rating on shares of PRGX Global in a research note on Tuesday, March 5th. ValuEngine downgraded PRGX Global from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 4th. Finally, B. Riley set a $12.00 price target on PRGX Global and gave the company a “buy” rating in a research note on Friday, March 8th.
Shares of PRGX Global stock opened at $8.34 on Monday. The stock has a market capitalization of $199.80 million, a PE ratio of 94.00, a price-to-earnings-growth ratio of 2.05 and a beta of 0.53. PRGX Global has a 52-week low of $7.57 and a 52-week high of $10.30. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.80 and a quick ratio of 1.80.
PRGX Global (NASDAQ:PRGX) last announced its earnings results on Thursday, March 7th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.02. The company had revenue of $49.63 million during the quarter, compared to analysts’ expectations of $52.44 million. PRGX Global had a net margin of 2.67% and a return on equity of 3.43%. As a group, analysts anticipate that PRGX Global will post 0.28 earnings per share for the current year.
A number of hedge funds have recently bought and sold shares of PRGX. Northern Trust Corp raised its stake in PRGX Global by 495.5% in the second quarter. Northern Trust Corp now owns 230,457 shares of the business services provider’s stock valued at $2,236,000 after purchasing an additional 191,758 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in PRGX Global during the third quarter worth about $1,095,000. Wells Fargo & Company MN raised its stake in PRGX Global by 89.2% during the third quarter. Wells Fargo & Company MN now owns 43,663 shares of the business services provider’s stock worth $380,000 after acquiring an additional 20,582 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in PRGX Global by 5.5% during the third quarter. Dimensional Fund Advisors LP now owns 801,603 shares of the business services provider’s stock worth $6,974,000 after acquiring an additional 41,740 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in PRGX Global by 3.9% during the third quarter. Vanguard Group Inc. now owns 1,140,649 shares of the business services provider’s stock worth $9,923,000 after acquiring an additional 42,627 shares in the last quarter. 76.69% of the stock is owned by institutional investors and hedge funds.
PRGX Global Company Profile
PRGX Global, Inc, together with its subsidiaries, provides recovery audit services to businesses and government agencies having payment transactions and procurement environments. It operates through three segments: Recovery Audit Services Americas, Recovery Audit Services – Europe/Asia-Pacific, and Adjacent Services.
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