PICS (NASDAQ:PICS) Receives Average Recommendation of “Buy” from Brokerages

Shares of PICS (NASDAQ:PICS) have received an average rating of “Buy” from the seven analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $24.3333.

A number of analysts have commented on PICS shares. Wall Street Zen lowered shares of PICS from a “buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Bank of America started coverage on shares of PICS in a research report on Tuesday, February 24th. They issued a “buy” rating and a $27.00 target price on the stock. HSBC initiated coverage on shares of PICS in a research report on Thursday, February 19th. They issued a “buy” rating and a $21.00 price target for the company. Mizuho decreased their price objective on shares of PICS from $30.00 to $23.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Zacks Research upgraded shares of PICS to a “hold” rating in a research report on Wednesday, February 25th.

PICS Price Performance

Shares of PICS stock opened at $11.50 on Friday. PICS has a 12-month low of $10.30 and a 12-month high of $19.95.

PICS (NASDAQ:PICS) last released its quarterly earnings results on Wednesday, March 18th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.07). The company had revenue of $558.09 million during the quarter.