Shares of Presidio Inc (NASDAQ:PSDO) have been given a consensus rating of “Hold” by the eleven brokerages that are covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $18.50.
A number of research analysts have weighed in on PSDO shares. Wells Fargo & Co set a $21.00 target price on shares of Presidio and gave the company a “buy” rating in a research note on Friday, December 29th. JPMorgan Chase & Co. cut shares of Presidio from an “overweight” rating to a “neutral” rating and set a $18.00 target price on the stock. in a research note on Friday, February 9th. Zacks Investment Research upgraded shares of Presidio from a “sell” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Wednesday, November 22nd. BidaskClub upgraded shares of Presidio from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 20th. Finally, Evercore ISI set a $19.00 target price on shares of Presidio and gave the company a “buy” rating in a research note on Monday, December 11th.
Presidio (PSDO) opened at $16.02 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.04 and a quick ratio of 1.01. The firm has a market cap of $1,484.92 and a PE ratio of 13.93. Presidio has a 52 week low of $12.75 and a 52 week high of $19.74.
Several hedge funds have recently made changes to their positions in PSDO. TIAA CREF Investment Management LLC purchased a new stake in shares of Presidio during the 2nd quarter valued at approximately $723,000. Nationwide Fund Advisors purchased a new stake in shares of Presidio during the 2nd quarter valued at approximately $153,000. New York State Common Retirement Fund purchased a new stake in shares of Presidio during the 2nd quarter valued at approximately $289,000. Northern Trust Corp lifted its stake in shares of Presidio by 1,082.4% during the 2nd quarter. Northern Trust Corp now owns 246,049 shares of the company’s stock valued at $3,521,000 after buying an additional 225,240 shares in the last quarter. Finally, Vanguard Group Inc. purchased a new stake in shares of Presidio during the 2nd quarter valued at approximately $18,605,000. Institutional investors own 97.00% of the company’s stock.
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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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