The Providence Service Corp. Rating Lowered to Neutral at Zacks (PRSC)
The Providence Service Corp. (NASDAQ:PRSC) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued on Wednesday, StockRatingsNetwork reports. They currently have a $32.10 target price on the stock. Zacks‘ target price points to a potential upside of 15.72% from the company’s current price.
The Providence Service Corp. (NASDAQ:PRSC) traded down 1.96% during mid-day trading on Wednesday, hitting $27.195. 40,319 shares of the company’s stock traded hands. The Providence Service Corp. has a one year low of $9.70 and a one year high of $31.31. The stock has a 50-day moving average of $27.95 and a 200-day moving average of $25.24. The company has a market cap of $364.0 million and a price-to-earnings ratio of 22.14.
The Providence Service Corp. (NASDAQ:PRSC) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.34 by $0.09. The company had revenue of $287.60 million for the quarter, compared to the consensus estimate of $282.45 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. Analysts expect that The Providence Service Corp. will post $1.56 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on PRSC. Analysts at TheStreet downgraded shares of The Providence Service Corp. from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, August 21st. Analysts at Noble Financial raised their price target on shares of The Providence Service Corp. from $26.00 to $33.00 in a research note to investors on Friday, August 9th. They now have a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $28.28.
The Providence Service Corporation provides and manages government sponsored social services and non-emergency transportation services.
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