Pico Holdings Upgraded by TheStreet to Hold (PICO)
Pico Holdings (NASDAQ:PICO) was upgraded by equities researchers at TheStreet from a “sell” rating to a “hold” rating in a research report issued on Thursday, American Banking News.com reports.
The analysts wrote, “PICO Holdings (PICO) has been upgraded by TheStreet Ratings from sell to hold. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and compelling growth in net income. However, as a counter to these strengths, we find that the growth in the company’s earnings per share has not been good.”
Pico Holdings (NASDAQ:PICO) traded down 0.79% during mid-day trading on Thursday, hitting $23.9899. 130,487 shares of the company’s stock traded hands. Pico Holdings has a one year low of $17.51 and a one year high of $24.89. The stock’s 50-day moving average is $21.90 and its 200-day moving average is $22.00. The company’s market cap is $545.7 million.
Pico Holdings (NASDAQ:PICO) last posted its quarterly earnings results on Friday, August 9th. The company reported ($0.34) EPS for the quarter. The company had revenue of $105.21 million for the quarter, compared to the consensus estimate of $12.55 million. Analysts expect that Pico Holdings will post $-1.45 EPS for the current fiscal year.
PICO Holdings, Inc (NASDAQ:PICO), incorporated on January 15, 1981, is a diversified holding company.
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