Presidio, Inc. (PSDO) Price Target Raised to $17.00 at Barclays PLC
Presidio, Inc. (NASDAQ:PSDO) had its price target lifted by equities researchers at Barclays PLC from $16.00 to $17.00 in a report released on Tuesday. The brokerage currently has an “overweight” rating on the stock. Barclays PLC’s target price would indicate a potential upside of 7.59% from the stock’s previous close.
A number of other analysts have also commented on the company. Royal Bank Of Canada reiterated an “outperform” rating and set a $17.00 price target (down from $18.00) on shares of Presidio in a report on Wednesday, September 20th. Evercore ISI reiterated a “buy” rating and set a $19.00 price target on shares of Presidio in a report on Friday, September 22nd. Finally, Zacks Investment Research lowered Presidio from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $17.86.
Shares of Presidio (NASDAQ:PSDO) traded up $1.31 during trading on Tuesday, reaching $15.80. The company had a trading volume of 304,341 shares, compared to its average volume of 128,763. Presidio has a 1-year low of $12.75 and a 1-year high of $16.90. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.00 and a current ratio of 1.03.
Presidio (NASDAQ:PSDO) last issued its quarterly earnings results on Thursday, September 21st. The company reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.05). The company had revenue of $753.90 million during the quarter, compared to analyst estimates of $741.59 million. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. research analysts anticipate that Presidio will post 0.6 EPS for the current year.
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Several institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC raised its stake in shares of Presidio by 23.0% in the second quarter. FMR LLC now owns 8,864,590 shares of the company’s stock valued at $126,852,000 after buying an additional 1,657,336 shares during the period. Vanguard Group Inc. bought a new stake in shares of Presidio in the second quarter valued at $18,605,000. Sandhill Capital Partners LLC bought a new stake in shares of Presidio in the second quarter valued at $18,536,000. Vaughan Nelson Investment Management L.P. raised its stake in shares of Presidio by 11.5% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,240,400 shares of the company’s stock valued at $17,552,000 after buying an additional 128,350 shares during the period. Finally, Jennison Associates LLC raised its stake in shares of Presidio by 4.7% in the third quarter. Jennison Associates LLC now owns 1,132,258 shares of the company’s stock valued at $16,021,000 after buying an additional 50,598 shares during the period. Hedge funds and other institutional investors own 96.87% of the company’s stock.
Presidio, Inc is a United States-based company, which is an information technology (IT) solutions provider. The Company’s services include strategy and consulting, solutions design and deployment, managed services, asset maintenance and support, financing services, global services and carrier connectivity.
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