CTG, Inc. (CTG) reports Q4 ’19 results before the market opens on Tuesday, February 25. We expect results at least in line with our estimates, which sit near the lower end of management’s implied guidance.
Read MoreWe are initiating coverage of CTG, Inc. (CTG) with a price target of $8.00, representing a FY ’20 EV/EBITDA multiple of 8x. We believe the long-established provider of IT staffing and solutions services is effecting a strategic transition in its business by de-emphasizing lower margin staffing opportunities and focusing instead on higher margin, higher recurring revenue engagements part and parcel to its solutions business.
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