PCM, Inc. (NASDAQ:PCMI) Receives Consensus Rating of “Hold” from Analysts
Shares of PCM, Inc. (NASDAQ:PCMI) have been given an average recommendation of “Hold” by the six research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $28.23.
Several equities research analysts have recently weighed in on PCMI shares. Zacks Investment Research upgraded shares of PCM from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Tuesday, May 2nd. B. Riley reissued a “buy” rating and set a $33.00 price target on shares of PCM in a report on Monday, May 1st. Roth Capital set a $34.00 price target on shares of PCM and gave the stock a “buy” rating in a report on Friday, April 28th. Finally, BidaskClub raised shares of PCM from a “hold” rating to a “buy” rating in a report on Saturday.
PCM (NASDAQ PCMI) traded up 0.25% during mid-day trading on Monday, hitting $19.95. The stock had a trading volume of 14,272 shares. The firm has a 50-day moving average of $19.24 and a 200-day moving average of $23.54. PCM has a 52-week low of $10.93 and a 52-week high of $31.20. The stock has a market cap of $250.09 million, a P/E ratio of 11.92 and a beta of 0.95.
PCM (NASDAQ:PCMI) last announced its earnings results on Thursday, April 27th. The specialty retailer reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.16. PCM had a net margin of 0.94% and a return on equity of 19.91%. The business had revenue of $524.40 million during the quarter, compared to the consensus estimate of $520.33 million. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, analysts forecast that PCM will post $2.03 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new position in PCM during the fourth quarter valued at about $940,000. Dimensional Fund Advisors LP boosted its position in PCM by 6.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 995,326 shares of the specialty retailer’s stock valued at $22,395,000 after buying an additional 62,611 shares in the last quarter. Renaissance Technologies LLC boosted its position in PCM by 10.3% in the fourth quarter. Renaissance Technologies LLC now owns 378,000 shares of the specialty retailer’s stock valued at $8,505,000 after buying an additional 35,400 shares in the last quarter. Navellier & Associates Inc purchased a new position in PCM during the first quarter valued at about $466,000. Finally, James Investment Research Inc. bought a new position in shares of PCM during the first quarter worth about $2,787,000. 59.46% of the stock is owned by hedge funds and other institutional investors.
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PCM, Inc is a multi-vendor provider of technology solutions, including hardware products, software and services, offered through its dedicated sales force, field and internal service teams, direct marketing channels, and owned and operated data centers. The Company’s segments include Commercial, Public Sector and Canada.
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