Presidio (PSDO) Given a $19.00 Price Target by Evercore ISI Analysts
Presidio (NASDAQ:PSDO) received a $19.00 price target from Evercore ISI in a report issued on Monday. The brokerage currently has a “buy” rating on the stock. Evercore ISI’s price target would indicate a potential upside of 18.90% from the stock’s previous close.
Several other research firms have also weighed in on PSDO. Barclays lifted their target price on shares of Presidio from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Tuesday, November 7th. Zacks Investment Research upgraded shares of Presidio from a “sell” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Wednesday, November 22nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $17.00 price target (down from $18.00) on shares of Presidio in a research note on Wednesday, September 20th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Presidio has a consensus rating of “Buy” and a consensus price target of $17.75.
Presidio (PSDO) traded up $0.26 during trading hours on Monday, hitting $15.98. 266,100 shares of the stock traded hands, compared to its average volume of 272,964. The company has a quick ratio of 1.00, a current ratio of 1.03 and a debt-to-equity ratio of 1.13. Presidio has a 52-week low of $12.75 and a 52-week high of $16.90.
Presidio (NASDAQ:PSDO) last posted its earnings results on Thursday, September 21st. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.05). The firm had revenue of $753.90 million for the quarter, compared to analysts’ expectations of $741.59 million. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. analysts expect that Presidio will post 0.64 earnings per share for the current fiscal year.
In related news, major shareholder Apollo Management Holdings Gp, sold 9,200,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $13.61, for a total transaction of $125,212,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.70% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in PSDO. FMR LLC raised its holdings in shares of Presidio by 23.0% in the 2nd quarter. FMR LLC now owns 8,864,590 shares of the company’s stock worth $126,852,000 after buying an additional 1,657,336 shares in the last quarter. Vanguard Group Inc. acquired a new stake in Presidio during the 2nd quarter valued at $18,605,000. Sandhill Capital Partners LLC acquired a new stake in Presidio during the 2nd quarter valued at $18,536,000. Vaughan Nelson Investment Management L.P. increased its holdings in Presidio by 11.5% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,240,400 shares of the company’s stock valued at $17,552,000 after purchasing an additional 128,350 shares in the last quarter. Finally, Jennison Associates LLC increased its holdings in Presidio by 4.7% during the 3rd quarter. Jennison Associates LLC now owns 1,132,258 shares of the company’s stock valued at $16,021,000 after purchasing an additional 50,598 shares in the last quarter. Institutional investors own 97.46% of the company’s stock.
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Presidio Company Profile
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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