Ciber Inc. (NYSE:CBR) has been assigned a consensus broker rating score of 1.67 (Buy) from the three analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and two have given a strong buy rating to the company.
Brokers have set a 12-month consensus target price of $2.25 for the company and are predicting that the company will post ($0.06) earnings per share for the current quarter, according to Zacks. Zacks has also given Ciber an industry rank of 177 out of 265 based on the ratings given to its competitors.
CBR has been the subject of several recent research reports. B. Riley reissued a “neutral” rating and issued a $1.00 price target on shares of Ciber in a research report on Tuesday, August 9th. Zacks Investment Research cut shares of Ciber from a “buy” rating to a “hold” rating in a research report on Monday, August 8th.
Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new stake in Ciber during the second quarter valued at about $109,000. Alpine Partners VI LLC bought a new stake in shares of Ciber during the second quarter valued at approximately $156,000. A.R.T. Advisors LLC bought a new stake in shares of Ciber during the second quarter valued at approximately $195,000. Ancora Advisors LLC raised its stake in shares of Ciber by 332.0% in the second quarter. Ancora Advisors LLC now owns 216,000 shares of the company’s stock valued at $324,000 after buying an additional 166,000 shares in the last quarter. Finally, Laurion Capital Management LP bought a new stake in shares of Ciber during the second quarter valued at approximately $358,000. 61.95% of the stock is owned by institutional investors and hedge funds.
Ciber (NYSE:CBR) remained flat at $1.15 during midday trading on Friday. 72,984 shares of the company’s stock were exchanged. The company’s market capitalization is $93.40 million. Ciber has a one year low of $0.93 and a one year high of $3.90. The firm has a 50-day moving average price of $1.24 and a 200 day moving average price of $1.55.
Ciber (NYSE:CBR) last issued its quarterly earnings results on Thursday, August 4th. The company reported ($0.27) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by $0.23. Ciber had a negative net margin of 20.66% and a negative return on equity of 11.61%. On average, equities research analysts predict that Ciber will post ($0.49) earnings per share for the current fiscal year.
Ciber, Inc (Ciber) is a global information technology (IT) services company. The Company operates in two segments: North America and International. Its Ciber International segment primarily consists of countries in Western Europe and the Nordic region. Its North America segment is organized into service offerings, which include Independent Software Vendor Relationships (ISV)/Channel Partner Platforms, Managed Services, Business Consulting, Application Development and Management (ADM)/Staffing, and Software-as-a-Service (SaaS).
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