PCM Stock Rating Lowered by Zacks (PCMI)
PCM (NASDAQ:PCMI) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Tuesday, American Banking News reports. They currently have a $11.70 price target on the stock. Zacks‘ target price would indicate a potential upside of 16.53% from the company’s current price.
Separately, analysts at Thomson Reuters/Verus downgraded shares of PCM from a “buy” rating to a “hold” rating in a research note to investors on Monday.
PCM (NASDAQ:PCMI) traded down 2.69% during mid-day trading on Tuesday, hitting $9.77. 14,858 shares of the company’s stock traded hands. PCM has a 1-year low of $5.06 and a 1-year high of $11.96. The stock’s 50-day moving average is $9.86 and its 200-day moving average is $9.01. The company has a market cap of $112.9 million and a price-to-earnings ratio of 14.12.
PCM (NASDAQ:PCMI) last released its earnings data on Tuesday, August 6th. The company reported $0.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.19 by $0.10. The company had revenue of $366.42 million for the quarter, compared to the consensus estimate of $361.98 million. PCM’s revenue was up 4.2% compared to the same quarter last year.
PCM, Inc, formerly PC Mall, Inc, is a direct marketer of technology products, services and solutions to businesses, government and educational institutions and individual consumers.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.