PCM Inc (NASDAQ:PCMI) has been given a consensus rating of “Buy” by the six ratings firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $29.80.
A number of analysts have recently commented on the company. Zacks Investment Research downgraded PCM from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. B. Riley reiterated a “buy” rating on shares of PCM in a research note on Tuesday, March 26th. BidaskClub lowered shares of PCM from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 16th. Finally, ValuEngine upgraded shares of PCM from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd.
Several large investors have recently made changes to their positions in PCMI. Morgan Stanley increased its stake in shares of PCM by 216.6% in the third quarter. Morgan Stanley now owns 227,305 shares of the specialty retailer’s stock valued at $4,444,000 after purchasing an additional 155,518 shares during the period. Renaissance Technologies LLC increased its stake in shares of PCM by 520.7% in the first quarter. Renaissance Technologies LLC now owns 162,000 shares of the specialty retailer’s stock valued at $5,934,000 after purchasing an additional 135,900 shares during the period. Acadian Asset Management LLC increased its stake in shares of PCM by 61.2% in the first quarter. Acadian Asset Management LLC now owns 251,009 shares of the specialty retailer’s stock valued at $9,193,000 after purchasing an additional 95,272 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of PCM in the first quarter valued at approximately $2,999,000. Finally, AJO LP increased its stake in shares of PCM by 99.5% in the first quarter. AJO LP now owns 157,392 shares of the specialty retailer’s stock valued at $5,765,000 after purchasing an additional 78,489 shares during the period. Institutional investors own 61.39% of the company’s stock.
Shares of PCMI stock traded down $0.08 on Friday, reaching $25.72. 84,505 shares of the stock were exchanged, compared to its average volume of 175,840. The company has a market cap of $314.90 million, a price-to-earnings ratio of 11.80, a PEG ratio of 0.53 and a beta of 1.14. The company has a quick ratio of 0.94, a current ratio of 1.06 and a debt-to-equity ratio of 0.24. PCM has a 1-year low of $14.15 and a 1-year high of $39.69.
PCM (NASDAQ:PCMI) last released its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.11. The business had revenue of $533.99 million during the quarter, compared to the consensus estimate of $533.20 million. PCM had a return on equity of 19.06% and a net margin of 1.14%. As a group, analysts expect that PCM will post 2.44 earnings per share for the current fiscal year.
PCM Company Profile
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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