BMO Capital Markets reiterated their market perform rating on shares of CDI Corp. (NYSE:CDI) in a research report sent to investors on Thursday morning, StockRatingsNetwork.com reports. The firm currently has a $16.00 price target on the stock, up from their previous price target of $14.00.
“Trends continue to reflect a slow-growth environment, and we believe endmarket competition continues to put pressure on pricing. Management also cited a pullback in spending from one of its largest clients. While new projects are in the pipeline, we believe conversions to new business remain difficult owing to competition and longer decision cycles among clients. Nevertheless, we were encouraged with the progress made this quarter.,” BMO Capital Markets’ analyst commented.
A number of other analysts have also recently weighed in on CDI. Analysts at Zacks upgraded shares of CDI Corp. from an underperform rating to a neutral rating in a research note to investors on Tuesday, October 1st. They now have a $15.70 price target on the stock.
CDI Corp. (NYSE:CDI) traded up 1.02% during mid-day trading on Thursday, hitting $15.86. The stock had a trading volume of 24,715 shares. CDI Corp. has a one year low of $13.35 and a one year high of $18.00. The stock has a 50-day moving average of $15.66 and a 200-day moving average of $14.94. The company has a market cap of $308.7 million and a price-to-earnings ratio of 20.13.
CDI Corp. (NYSE:CDI) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.03. The company had revenue of $277.90 million for the quarter, compared to the consensus estimate of $267.95 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. Analysts expect that CDI Corp. will post $0.74 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, November 26th. Investors of record on Tuesday, November 12th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Thursday, November 7th.
CDI Corp. (NYSE:CDI) is an integrated engineering and technology services company.
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