Information Services Group Rating Lowered to Neutral at Zacks (III)
Information Services Group (NYSE:III) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Tuesday, ARN reports. They currently have a $4.70 target price on the stock. Zacks‘ target price suggests a potential upside of 18.09% from the company’s current price.
Shares of Information Services Group (NYSE:III) traded down 4.10% on Tuesday, hitting $3.98. 362,883 shares of the company’s stock traded hands. Information Services Group has a one year low of $0.95 and a one year high of $4.50. The stock has a 50-day moving average of $3.7 and a 200-day moving average of $2.58. The company has a market cap of $145.4 million and a price-to-earnings ratio of 41.50.
Information Services Group (NYSE:III) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.04 by $0.05. The company had revenue of $55.60 million for the quarter, compared to the consensus estimate of $52.47 million.
Separately, analysts at RBC Capital initiated coverage on shares of Information Services Group in a research note to investors on Wednesday, August 7th. They set a “sector perform” rating and a C$17.00 price target on the stock.
Information Services Group, Inc is engaged in providing sourcing advisory services. The Company provides five lines of service: operational assessment, strategy development, negotiation and implementation, transition support/execution and service governance.
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