The Hackett Group (HCKT) Receives a Buy from Barrington

By Carrie Williams

In a report released today, Vincent Colicchio from Barrington maintained a Buy rating on The Hackett Group (HCKTResearch Report), with a price target of $22. The company’s shares closed yesterday at $17.19.

Colicchio commented:

“We expect a growing contribution from the company’s intellectual property (IP) business over time as it grows revenue from existing clients and adds new strategic relationships. In Q2/18, the company expanded its relationship with ADP (ADP: NOT RATED) by adding another platform to its revenue sharing arrangement.”

According to TipRanks.com, Colicchio is ranked 0 out of 5 stars with an average return of -6.4% and a 46.7% success rate. Colicchio covers the Technology sector, focusing on stocks such as Sykes Enterprises Inc, Exlservice Holdings, and Computer Task.

Currently, the analyst consensus on The Hackett Group is a Moderate Buy with an average price target of $22.

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The Hackett Group’s market cap is currently $512.6M and has a P/E ratio of 23.44. The company has a Price to Book ratio of 3.95.

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The Hackett Group, Inc. is an intellectual property-based strategic consultancy and enterprise company, which engages in the provision of business and technology consulting services. The firm offers services include benchmarking, executive advisory, business transformation, enterprise performance management, training, and advisory to global business services.