PCM Inc (NASDAQ:PCMI) has been assigned an average recommendation of “Hold” from the six analysts that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $35.00.
Several equities research analysts have recently weighed in on PCMI shares. Roth Capital downgraded PCM from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $36.00 to $35.00 in a report on Tuesday, June 25th. Zacks Investment Research downgraded PCM from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 27th. BidaskClub raised PCM from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Finally, ValuEngine downgraded PCM from a “buy” rating to a “hold” rating in a report on Thursday, August 8th.
Institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can purchased a new stake in shares of PCM during the second quarter worth approximately $28,000. Group One Trading L.P. purchased a new stake in shares of PCM during the first quarter worth approximately $55,000. Aperio Group LLC purchased a new stake in shares of PCM during the second quarter worth approximately $74,000. Penserra Capital Management LLC purchased a new stake in shares of PCM during the first quarter worth approximately $91,000. Finally, Advisor Group Inc. raised its stake in shares of PCM by 22.6% during the second quarter. Advisor Group Inc. now owns 3,624 shares of the specialty retailer’s stock worth $127,000 after purchasing an additional 667 shares during the last quarter. Institutional investors and hedge funds own 58.36% of the company’s stock.
Shares of PCMI stock remained flat at $$35.01 during trading hours on Tuesday. The company has a market cap of $431.67 million, a PE ratio of 16.06 and a beta of 1.35. PCM has a 52 week low of $14.80 and a 52 week high of $39.69. The stock has a 50-day simple moving average of $34.95 and a 200-day simple moving average of $32.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.08 and a quick ratio of 0.98.
PCM (NASDAQ:PCMI) last posted its quarterly earnings data on Thursday, August 8th. The specialty retailer reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.02. The business had revenue of $548.33 million during the quarter, compared to the consensus estimate of $550.89 million. PCM had a return on equity of 19.12% and a net margin of 1.16%.
PCM, Inc, through its subsidiaries, operates as a multi-vendor provider of technology products and solutions in the United States and the rest of Europe. The company operates through four segments: Commercial, Public Sector, Canada, and United Kingdom. It primarily sells device products, servers, storage products, network products, printers, and related accessories and devices.
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