Presidio (NASDAQ:PSDO) has been given a $19.00 price objective by equities researchers at Evercore ISI in a report released on Friday, February 9th. The brokerage presently has a “buy” rating on the stock. Evercore ISI’s target price suggests a potential upside of 25.83% from the stock’s current price.
A number of other equities research analysts have also commented on PSDO. BidaskClub lowered Presidio from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 10th. JPMorgan Chase & Co. downgraded Presidio from an “overweight” rating to a “neutral” rating and set a $18.00 price target for the company. in a research note on Friday, February 9th. Barclays raised their price target on Presidio from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 7th. Zacks Investment Research downgraded Presidio from a “buy” rating to a “hold” rating in a research note on Saturday, December 16th. Finally, Wells Fargo & Co set a $21.00 price target on Presidio and gave the stock a “buy” rating in a research note on Friday, December 29th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $18.44.
Shares of Presidio (NASDAQ PSDO) traded up $0.53 during midday trading on Friday, reaching $15.10. The company’s stock had a trading volume of 902,700 shares, compared to its average volume of 235,126. Presidio has a 12-month low of $12.75 and a 12-month high of $19.74. The firm has a market cap of $1,339.65 and a price-to-earnings ratio of 13.13. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.04 and a quick ratio of 1.00.
In related news, major shareholder Apollo Management Holdings Gp, sold 9,200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $13.61, for a total value of $125,212,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.70% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of PSDO. Advisor Group Inc. bought a new position in Presidio in the 2nd quarter worth approximately $103,000. Nationwide Fund Advisors bought a new position in Presidio in the 2nd quarter worth approximately $153,000. Cubist Systematic Strategies LLC increased its position in Presidio by 802.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,735 shares of the company’s stock worth $168,000 after buying an additional 10,435 shares during the period. The Manufacturers Life Insurance Company bought a new position in Presidio in the 2nd quarter worth approximately $201,000. Finally, Teacher Retirement System of Texas bought a new position in Presidio in the 4th quarter worth approximately $210,000. 98.18% of the stock is currently owned by institutional investors and hedge funds.
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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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