Analysts Expect StarTek, Inc. (SRT) to Post ($0.01) EPS

StarTek, Inc. (NYSE:SRT) has been assigned a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.

Brokerages have set a 1 year consensus price target of $12.00 for the company and are forecasting that the company will post ($0.01) earnings per share 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 research firms recently commented on SRT. Zacks Investment Research lowered StarTek from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Royal Bank Of Canada dropped their price target on StarTek from C$11.25 to C$11.00 and set a “sector perform” rating for the company in a research report on Monday, November 6th. Lake Street Capital lifted their price target on StarTek from $11.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, August 10th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $12.00 price target on shares of StarTek in a research report on Wednesday, October 4th.

Several large investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership boosted its holdings in shares of StarTek by 48.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 117,548 shares of the business services provider’s stock valued at $1,439,000 after purchasing an additional 38,208 shares during the period. Schwab Charles Investment Management Inc. purchased a new stake in shares of StarTek in the second quarter valued at approximately $258,000. Hillsdale Investment Management Inc. purchased a new stake in shares of StarTek in the second quarter valued at approximately $883,000. Bank of New York Mellon Corp boosted its holdings in shares of StarTek by 93.4% in the second quarter. Bank of New York Mellon Corp now owns 43,412 shares of the business services provider’s stock valued at $531,000 after purchasing an additional 20,969 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of StarTek by 3.9% in the first quarter. Renaissance Technologies LLC now owns 634,300 shares of the business services provider’s stock valued at $5,512,000 after purchasing an additional 23,900 shares during the period. Institutional investors and hedge funds own 49.94% of the company’s stock.

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StarTek (NYSE:SRT) traded up $0.01 on Thursday, reaching $9.76. The company had a trading volume of 69,824 shares, compared to its average volume of 74,206. The stock has a market capitalization of $156.10, a price-to-earnings ratio of 69.07 and a beta of -0.12. StarTek has a 12 month low of $7.51 and a 12 month high of $14.78. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.44.

About StarTek

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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