PCM’s (PCMI) “Buy” Rating Reiterated at B. Riley
PCM (NASDAQ:PCMI)‘s stock had its “buy” rating reissued by investment analysts at B. Riley in a research report issued to clients and investors on Tuesday. B. Riley also issued estimates for PCM’s Q1 2019 earnings at $0.33 EPS, Q2 2019 earnings at $0.79 EPS, Q3 2019 earnings at $0.61 EPS, Q4 2019 earnings at $0.64 EPS, FY2019 earnings at $2.40 EPS and FY2020 earnings at $2.70 EPS.
A number of other brokerages have also recently weighed in on PCMI. Zacks Investment Research upgraded PCM from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Wednesday, February 13th. BidaskClub upgraded PCM from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 12th. Roth Capital boosted their price objective on PCM from $24.20 to $29.60 and gave the company a “buy” rating in a research note on Thursday, February 7th. TheStreet upgraded PCM from a “c” rating to a “b-” rating in a research note on Wednesday, February 6th. Finally, ValuEngine upgraded PCM from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $30.20.
Shares of PCMI opened at $36.23 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.04 and a quick ratio of 0.92. The company has a market capitalization of $454.33 million, a P/E ratio of 16.62, a price-to-earnings-growth ratio of 0.77 and a beta of 1.24. PCM has a 52-week low of $7.55 and a 52-week high of $38.40.
A number of hedge funds and other institutional investors have recently modified their holdings of PCMI. Quantamental Technologies LLC purchased a new stake in PCM in the fourth quarter valued at approximately $39,000. Trustcore Financial Services LLC purchased a new stake in shares of PCM during the fourth quarter worth approximately $53,000. Macquarie Group Ltd. purchased a new stake in shares of PCM during the fourth quarter worth approximately $62,000. New York State Common Retirement Fund purchased a new stake in shares of PCM during the fourth quarter worth approximately $112,000. Finally, Bank of America Corp DE raised its stake in shares of PCM by 919.3% during the second quarter. Bank of America Corp DE now owns 7,798 shares of the specialty retailer’s stock worth $118,000 after purchasing an additional 7,033 shares during the last quarter. Institutional investors own 56.15% of the company’s stock.
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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