PCM (PCMI) Upgraded at ValuEngine
A number of other research analysts have also commented on PCMI. Zacks Investment Research raised PCM from a hold rating to a buy rating and set a $22.00 price target on the stock in a report on Thursday, January 17th. BidaskClub raised PCM from a hold rating to a buy rating in a report on Tuesday, January 29th. Roth Capital raised their price target on PCM from $24.20 to $29.60 and gave the company a buy rating in a report on Thursday, February 7th. TheStreet raised PCM from a c rating to a b- rating in a report on Wednesday, February 6th. Finally, B. Riley reissued a buy rating on shares of PCM in a report on Tuesday, March 26th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. PCM presently has a consensus rating of Buy and a consensus price target of $28.87.
Shares of PCMI opened at $30.00 on Friday. The firm has a market cap of $353.19 million, a PE ratio of 13.76, a price-to-earnings-growth ratio of 0.59 and a beta of 1.09. The company has a current ratio of 1.04, a quick ratio of 0.92 and a debt-to-equity ratio of 0.19. PCM has a one year low of $11.50 and a one year high of $39.69.
Hedge funds have recently made changes to their positions in the stock. Investors Research Corp bought a new position in PCM during the first quarter valued at about $55,000. Quantamental Technologies LLC bought a new position in PCM during the fourth quarter valued at about $39,000. Trustcore Financial Services LLC bought a new position in PCM during the fourth quarter valued at about $53,000. Macquarie Group Ltd. bought a new position in PCM during the fourth quarter valued at about $62,000. Finally, Assenagon Asset Management S.A. bought a new position in PCM during the first quarter valued at about $202,000. 56.38% of the stock is owned by institutional investors and hedge funds.
PCM, Inc, through its subsidiaries, operates as a multi-vendor provider of technology products and solutions in the United States and the rest of Europe. The company operates through four segments: Commercial, Public Sector, Canada, and United Kingdom. It primarily sells device products, servers, storage products, network products, printers, and related accessories and devices.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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