PC Connection PT Raised to $19.00 at Canaccord Genuity (PCCC)
Equities researchers at Canaccord Genuity increased their price target on shares of PC Connection (NASDAQ:PCCC) from $18.00 to $19.00 in a research report issued on Friday, ARN reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective points to a potential downside of 0.21% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of PC Connection from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, August 8th. They now have a $19.20 price target on the stock. Analysts at Roth Capital raised their price target on shares of PC Connection from $17.00 to $21.00 in a research note to investors on Friday, August 2nd. They now have a “buy” rating on the stock.
PC Connection (NASDAQ:PCCC) opened at 19.04 on Friday. PC Connection has a 52 week low of $9.82 and a 52 week high of $17.65. The stock’s 50-day moving average is $15.84 and its 200-day moving average is $15.96. The company has a market cap of $498.1 million and a P/E ratio of 13.70.
PC Connection (NASDAQ:PCCC) last announced its earnings results on Thursday, October 24th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02. The company had revenue of $580.40 million for the quarter, compared to the consensus estimate of $570.90 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. Analysts expect that PC Connection will post $1.35 EPS for the current fiscal year.
PC Connection, Inc is a direct marketer of a range of information technology, or information technology (NASDAQ:PCCC), solutions.
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