Brokerages Set $12.00 Target Price for StarTek, Inc. (SRT)
StarTek, Inc. (NYSE:SRT) has earned a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
Brokerages have set a twelve-month consensus price objective of $12.00 for the company and are predicting that the company will post ($0.01) EPS for the current quarter, according to Zacks. Zacks has also assigned StarTek an industry rank of 36 out of 265 based on the ratings given to its competitors.
Several equities research analysts recently weighed in on the company. Lake Street Capital boosted their target price on StarTek from $11.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, August 10th. Zacks Investment Research lowered StarTek from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Robert W. Baird restated a “hold” rating and issued a $12.00 target price on shares of StarTek in a research note on Wednesday, October 4th. Finally, Royal Bank Of Canada decreased their target price on StarTek from C$11.25 to C$11.00 and set a “sector perform” rating on the stock in a report on Monday, November 6th.
A number of institutional investors have recently bought and sold shares of SRT. Bank of New York Mellon Corp boosted its stake in shares of StarTek by 4.7% during the 1st quarter. Bank of New York Mellon Corp now owns 22,443 shares of the business services provider’s stock worth $195,000 after acquiring an additional 1,000 shares during the period. Dimensional Fund Advisors LP raised its stake in StarTek by 3.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 954,100 shares of the business services provider’s stock worth $8,291,000 after buying an additional 29,596 shares during the period. KCG Holdings Inc. bought a new stake in shares of StarTek in the first quarter worth $123,000. Russell Investments Group Ltd. increased its stake in shares of StarTek by 24.8% in the second quarter. Russell Investments Group Ltd. now owns 37,695 shares of the business services provider’s stock worth $461,000 after buying an additional 7,491 shares during the last quarter. Finally, Algert Global LLC bought a new stake in shares of StarTek in the second quarter worth $1,390,000. Institutional investors and hedge funds own 46.99% of the company’s stock.
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StarTek Company Profile
StarTek, Inc is a customer engagement business process outsourcing (BPO) services provider, delivering customer care solutions. The Company operates through three segments: Domestic, Nearshore and Offshore. As of December 31, 2016, its Domestic segment included the operations of 13 facilities in the United States and one facility in Canada; its Offshore segment included the operations of four facilities in the Philippines, and its Nearshore segment included the operations of two facilities in Honduras and one facility in Jamaica.
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