Zacks: PC Tel Inc (PCTI) Given $8.33 Average Target Price by Brokerages
PC Tel Inc (NASDAQ:PCTI) has earned a consensus broker rating score of 1.67 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and two have issued a strong buy recommendation on the company. PC Tel’s rating score has declined by 67% from 90 days ago as a result of a number of analysts’ ratings changes.
Brokers have set a 1 year consensus price target of $8.33 for the company, according to Zacks. Zacks has also assigned PC Tel an industry rank of 173 out of 265 based on the ratings given to its competitors.
A number of equities analysts have recently commented on PCTI shares. Wunderlich boosted their price objective on PC Tel from $7.00 to $8.50 and gave the stock a “buy” rating in a research report on Thursday, April 13th. Zacks Investment Research raised PC Tel from a “hold” rating to a “strong-buy” rating and set a $6.75 price objective for the company in a research report on Tuesday, March 14th. Lake Street Capital started coverage on PC Tel in a research report on Wednesday, April 12th. They set a “buy” rating and a $8.00 price objective for the company. Finally, B. Riley reissued a “buy” rating and set a $7.50 price objective on shares of PC Tel in a research report on Monday, March 6th.
PC Tel (NASDAQ:PCTI) traded up 0.710% during mid-day trading on Wednesday, hitting $6.385. 34,534 shares of the stock were exchanged. The firm’s market cap is $105.20 million. PC Tel has a 12-month low of $4.40 and a 12-month high of $8.48. The company has a 50 day moving average of $7.20 and a 200 day moving average of $5.93.
PC Tel (NASDAQ:PCTI) last announced its quarterly earnings data on Tuesday, May 9th. The Wireless communications provider reported $0.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.01. PC Tel had a positive return on equity of 0.32% and a negative net margin of 13.70%. The business had revenue of $25 million during the quarter, compared to the consensus estimate of $24.23 million. During the same period in the previous year, the company posted ($0.03) earnings per share. The business’s revenue for the quarter was up 18.7% on a year-over-year basis. On average, equities analysts anticipate that PC Tel will post $0.22 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Stockholders of record on Monday, May 8th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date was Thursday, May 4th. PC Tel’s dividend payout ratio is presently -24.39%.
Several institutional investors have recently made changes to their positions in PCTI. Renaissance Technologies LLC increased its position in shares of PC Tel by 9.3% in the first quarter. Renaissance Technologies LLC now owns 1,367,099 shares of the Wireless communications provider’s stock worth $9,734,000 after buying an additional 115,800 shares in the last quarter. Wellington Management Group LLP increased its position in shares of PC Tel by 24.3% in the first quarter. Wellington Management Group LLP now owns 556,203 shares of the Wireless communications provider’s stock worth $3,960,000 after buying an additional 108,900 shares in the last quarter. Algert Global LLC bought a new position in shares of PC Tel during the first quarter worth approximately $427,000. Chartwell Investment Partners LLC increased its position in shares of PC Tel by 3.0% in the first quarter. Chartwell Investment Partners LLC now owns 1,281,798 shares of the Wireless communications provider’s stock worth $9,126,000 after buying an additional 37,142 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of PC Tel by 28.4% in the first quarter. Morgan Stanley now owns 166,885 shares of the Wireless communications provider’s stock worth $1,188,000 after buying an additional 36,919 shares in the last quarter. 67.46% of the stock is owned by institutional investors and hedge funds.
About PC Tel
PCTEL, Inc (PCTEL) delivers telecom solutions. The Company operates in two segments: Connected Solutions and RF Solutions. The RF Solutions segment develops and provides test equipment, software and engineering services for wireless networks. The Connected Solutions segment designs and delivers antennas and site solutions for wireless networks globally.
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