Ciber Inc. (NYSE:CBR) has been given a consensus broker rating score of 1.67 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and two have assigned a strong buy recommendation to the company.
Brokers have set a 1-year consensus price objective of $1.70 for the company and are forecasting that the company will post ($0.14) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Ciber an industry rank of 99 out of 265 based on the ratings given to its competitors.
CBR has been the topic of a number of research analyst reports. B. Riley restated a “neutral” rating and issued a $1.00 target price on shares of Ciber in a research note on Tuesday, November 8th. Zacks Investment Research raised shares of Ciber from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 2nd.
Ciber (NYSE:CBR) opened at 0.79 on Wednesday. The company’s market capitalization is $64.50 million. Ciber has a 52 week low of $0.63 and a 52 week high of $3.75. The stock’s 50 day moving average price is $0.89 and its 200-day moving average price is $1.21.
Ciber (NYSE:CBR) last issued its earnings results on Tuesday, November 8th. The company reported ($0.23) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by $0.14. The company earned $144.30 million during the quarter, compared to the consensus estimate of $153.28 million. Ciber had a negative return on equity of 22.69% and a negative net margin of 24.84%. On average, equities research analysts predict that Ciber will post ($0.77) earnings per share for the current fiscal year.
In other Ciber news, major shareholder Legion Partners Asset Manageme purchased 512,100 shares of the stock in a transaction dated Thursday, November 17th. The stock was purchased at an average price of $0.65 per share, with a total value of $332,865.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 9.20% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in the company. Emerald Acquisition Ltd. acquired a new stake in shares of Ciber during the second quarter valued at $2,478,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Ciber during the first quarter valued at $502,000. Royce & Associates LP boosted its stake in shares of Ciber by 2.9% in the second quarter. Royce & Associates LP now owns 2,683,581 shares of the company’s stock valued at $4,025,000 after buying an additional 75,000 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Ciber by 3.8% in the first quarter. Prudential Financial Inc. now owns 170,767 shares of the company’s stock valued at $360,000 after buying an additional 6,300 shares during the last quarter. Finally, Alpine Partners VI LLC acquired a new stake in shares of Ciber during the second quarter valued at $156,000. 56.13% of the stock is owned by hedge funds and other institutional investors.
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).