Equities research analysts at Griffin Securities boosted their price objective on shares of Hackett Group (NASDAQ:HCKT) from $6.00 to $8.00 in a research note issued to investors on Wednesday, Stock Ratings Network reports. The firm currently has a “buy” rating on the stock. Griffin Securities’ price target indicates a potential upside of 44.40% from the stock’s previous close. The analysts noted that the move was a valuation call.
Shares of Hackett Group (NASDAQ:HCKT) traded up 15.64% during mid-day trading on Wednesday, hitting $6.395. Hackett Group has a 52 week low of $3.20 and a 52 week high of $5.82. The stock’s 50-day moving average is currently $5.38. The company has a market cap of $202.2 million and a P/E ratio of 11.64.
Hackett Group (NASDAQ:HCKT) last announced its earnings results on Tuesday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. The company had revenue of $59.00 million for the quarter, compared to the consensus estimate of $56.65 million. Analysts expect that Hackett Group will post $0.44 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Craig Hallum upgraded shares of Hackett Group from a “hold” rating to a “buy” rating in a research note to investors on Wednesday. Analysts at Thomson Reuters/Verus downgraded shares of Hackett Group from a “buy” rating to a “hold” rating in a research note to investors on Monday, June 17th.
The Hackett Group, Inc (NASDAQ:HCKT) is a global advisory firm.