PCM, Inc. (PCMI) Given Consensus Recommendation of “Hold” by Analysts
PCM, Inc. (NASDAQ:PCMI) has been assigned a consensus rating of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $18.73.
Several research analysts recently commented on the stock. TheStreet downgraded shares of PCM from a “b-” rating to a “c” rating in a research note on Monday, November 6th. B. Riley reaffirmed a “buy” rating and issued a $20.00 target price (down from $33.00) on shares of PCM in a research note on Tuesday, November 7th. ValuEngine downgraded shares of PCM from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Roth Capital decreased their target price on shares of PCM from $28.00 to $18.50 and set a “buy” rating on the stock in a research note on Tuesday, November 7th. Finally, Zacks Investment Research downgraded shares of PCM from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 11th.
Shares of PCM (PCMI) opened at $9.70 on Thursday. PCM has a 1 year low of $9.40 and a 1 year high of $31.20. The stock has a market cap of $114.27, a P/E ratio of 6.34, a price-to-earnings-growth ratio of 0.22 and a beta of 0.79. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.00.
PCM (NASDAQ:PCMI) last announced its earnings results on Monday, November 6th. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.23). The company had revenue of $545.50 million for the quarter, compared to the consensus estimate of $596.17 million. PCM had a net margin of 0.47% and a return on equity of 14.90%. The company’s revenue was down 6.7% compared to the same quarter last year. equities research analysts anticipate that PCM will post 1.49 EPS for the current year.
A number of institutional investors have recently made changes to their positions in PCMI. Brandywine Global Investment Management LLC bought a new position in PCM in the 2nd quarter worth about $127,000. Rhumbline Advisers bought a new position in PCM in the 3rd quarter worth about $142,000. The Manufacturers Life Insurance Company lifted its stake in PCM by 16,357.7% during the 2nd 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 during the period. Dynamic Technology Lab Private Ltd bought a new position in PCM during the 3rd quarter valued at about $199,000. Finally, Bank of Montreal Can lifted its stake in PCM by 67.5% during the 2nd quarter. Bank of Montreal Can now owns 11,076 shares of the specialty retailer’s stock valued at $208,000 after acquiring an additional 4,464 shares during the period. Institutional investors own 56.18% of the company’s stock.
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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, Canada and United Kingdom.
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