Presidio (NASDAQ: PSDO) recently received a number of ratings updates from brokerages and research firms:

  • 10/3/2017 – Presidio was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Presidio, Inc. provides information technology services. The Company offers enterprise-class solutions, including advanced networking, data analytics and center modernization, hybrid and multi-cloud, cyber risk management, and enterprise mobility as well as a broad suite of professional services, including strategy, consulting, design and implementation. It serves healthcare, education, media and entertainment, retail, manufacturing and distribution and energy and utilities sectors. Presidio, Inc. is based in New York. “
  • 9/27/2017 – Presidio was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Presidio, Inc. provides information technology services. The Company offers enterprise-class solutions, including advanced networking, data analytics and center modernization, hybrid and multi-cloud, cyber risk management, and enterprise mobility as well as a broad suite of professional services, including strategy, consulting, design and implementation. It serves healthcare, education, media and entertainment, retail, manufacturing and distribution and energy and utilities sectors. Presidio, Inc. is based in New York. “
  • 9/22/2017 – Presidio had its “buy” rating reaffirmed by analysts at Evercore ISI. They now have a $19.00 price target on the stock. They wrote, “We believe that the company’s long-term strategy remains intact but the noise around these first couple quarters post- IPO are likely to hurt sentiment. The stock is currently trading down in the aftermarket to ~$13 or ~7.8x CY18 Adj. EBITDA. We believe this represents a floor on the stock given our estimate that Apollo paid in the range of 7-8x forward EBITDA for the company in early 2015. We continue to believe that the stock should trade at 10.1x EV/Adj. EBITDA (closer to CDW’s valuation of 10.9x EV/EBITDA).””
  • 9/22/2017 – Presidio had its price target lowered by analysts at Barclays PLC from $17.00 to $16.00. They now have an “overweight” rating on the stock.
  • 9/20/2017 – Presidio had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $17.00 price target on the stock, down previously from $18.00.

Presidio, Inc. (NASDAQ PSDO) opened at 14.81 on Thursday. Presidio, Inc. has a 1-year low of $12.75 and a 1-year high of $16.38. The stock has a 50 day moving average price of $14.25 and a 200-day moving average price of $14.25. The company has a market capitalization of $1.35 billion and a price-to-earnings ratio of 296.20.

Presidio (NASDAQ:PSDO) last issued its quarterly earnings data on Thursday, September 21st. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.05). The business had revenue of $753.90 million for the quarter, compared to analysts’ expectations of $741.59 million. Presidio’s quarterly revenue was up 3.4% compared to the same quarter last year. Equities analysts predict that Presidio, Inc. will post $1.26 earnings per share for the current year.

Presidio, Inc is a United States-based company, which is an information technology (IT) solutions provider. The Company’s services include strategy and consulting, solutions design and deployment, managed services, asset maintenance and support, financing services, global services and carrier connectivity.

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