PCM (PCMI) Given a $20.00 Price Target at B. Riley

PCM (NASDAQ:PCMI) has been given a $20.00 price objective by stock analysts at B. Riley in a note issued to investors on Thursday. The brokerage presently has a “buy” rating on the specialty retailer’s stock. B. Riley’s price target would indicate a potential upside of 112.77% from the stock’s current price.

A number of other equities analysts have also recently weighed in on PCMI. ValuEngine raised PCM from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research lowered PCM from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 11th. TheStreet lowered PCM from a “b-” rating to a “c” rating in a research note on Monday, November 6th. Finally, Roth Capital cut their price objective on PCM from $28.00 to $18.50 and set a “buy” rating for the company in a research note on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. PCM has an average rating of “Hold” and a consensus target price of $18.73.

PCM (PCMI) traded down $0.30 during midday trading on Thursday, reaching $9.40. The company had a trading volume of 126,900 shares, compared to its average volume of 120,050. The firm has a market cap of $114.27, a PE ratio of 11.90, a price-to-earnings-growth ratio of 0.18 and a beta of 0.79. PCM has a 12 month low of $9.25 and a 12 month high of $31.20. The company has a quick ratio of 0.85, a current ratio of 1.00 and a debt-to-equity ratio of 0.26.

PCM (NASDAQ:PCMI) last released its quarterly earnings results on Monday, November 6th. The specialty retailer reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.23). The business had revenue of $545.50 million during the quarter, compared to analyst estimates of $596.17 million. PCM had a return on equity of 14.90% and a net margin of 0.47%. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. equities analysts anticipate that PCM will post 1.49 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. Brandywine Global Investment Management LLC acquired a new position in PCM during the second quarter worth $127,000. Rhumbline Advisers acquired a new stake in shares of PCM in the third quarter valued at $142,000. The Manufacturers Life Insurance Company raised its stake in shares of PCM by 16,357.7% in the second quarter. The Manufacturers Life Insurance Company now owns 8,558 shares of the specialty retailer’s stock valued at $160,000 after acquiring an additional 8,506 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of PCM in the third quarter valued at $199,000. Finally, Kestrel Investment Management Corp acquired a new stake in shares of PCM in the third quarter valued at $210,000. Institutional investors own 56.18% of the company’s stock.

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PCM Company Profile

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, Canada and United Kingdom.

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