PCM Inc (NASDAQ:PCMI) has received a consensus rating of “Hold” from the six research firms that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $35.00.
Several analysts have recently weighed in on the stock. Roth Capital downgraded shares of PCM from a “buy” rating to a “neutral” rating and lowered their target price for the company from $36.00 to $35.00 in a report on Tuesday, June 25th. ValuEngine downgraded shares of PCM from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. BidaskClub raised shares of PCM from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Finally, Zacks Investment Research downgraded shares of PCM from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 27th.
Shares of NASDAQ:PCMI opened at $35.01 on Tuesday. The company has a market cap of $431.67 million, a price-to-earnings ratio of 16.06 and a beta of 1.35. The firm’s 50-day simple moving average is $34.95 and its 200-day simple moving average is $32.29. The company has a quick ratio of 0.98, a current ratio of 1.08 and a debt-to-equity ratio of 0.22. PCM has a fifty-two week low of $14.80 and a fifty-two week high of $39.69.
PCM (NASDAQ:PCMI) last issued its earnings results 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 for the quarter, compared to the consensus estimate of $550.89 million. PCM had a net margin of 1.16% and a return on equity of 19.12%.
Large investors have recently modified their holdings of the company. Bank of Montreal Can purchased a new stake in PCM during the second quarter worth about $28,000. Group One Trading L.P. purchased a new stake in PCM during the first quarter worth about $55,000. Aperio Group LLC purchased a new stake in PCM during the second quarter worth about $74,000. Penserra Capital Management LLC purchased a new stake in PCM during the first quarter worth about $91,000. Finally, Advisor Group Inc. boosted its holdings in 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 buying an additional 667 shares in the last quarter. 58.36% of the stock is currently owned by institutional investors and hedge funds.
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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