E Daily Stock Analysis: Resources Connection Inc. (RGP)

Resources Connection Inc, known by the ticker symbol RGP, is a small cap consulting services firm, operating in the Industrials business sector. This is my first ever report on RGP for this Viital stock portfolio. I have not reported on RGP since making it my twenty-third selection for my Volio Portfolio on February 8, 2021.

Resources Connection Inc provides consulting and business initiative support services primarily through its operative subsidiary, Resources Global Professionals. 

Hands, Friendship, Together, Man, Woman, Human

Image Source: Pixabay

The company offers transformation and improvement, financial reporting and analysis, strategy development, and program and project management services and support. 

Its clients operate in the accounting, finance, corporate governance, risk and compliance management, corporate advisory, strategic communications and restructuring, information management, human capital, supply chain management, and legal and regulatory sectors.

The company has a strategic alliance with Kotter International, Inc to accelerate joint business development initiatives. 

The company was formerly known as RC Transaction Corp. and changed its name to Resources Connection, Inc. in August 2000. 

Resources Connection, Inc. was founded in 1996 and is headquartered in Irvine, California.

Three key data points gauge any dividend equity or fund such as Resources Connection Inc  (RGP):

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether any company has made, is making, and will make money. 

RGP Price

Resources' price per share was $18.36 as of yesterday's market close. One year ago its price was $12.20. Therefore RGP share price rose $6.16 or just over 50% in the past year.

If RGP's stock trades in the range of $12.00 to $25.00 this next year, its recent $18.36 share price might rise by $3.64 to reach $22.00  by January 14, 2023. This estimate is within $0.33 of  the median of the 1 yr RGP  price estimates from three analysts covering the stock for brokerages

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Disclaimer:  This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a ...

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