Presidio (PSDO) Stock Rating Lowered by Barclays
Presidio (NASDAQ:PSDO) was downgraded by stock analysts at Barclays from an “overweight” rating to an “equal weight” rating in a note issued to investors on Wednesday, MarketBeat Ratings reports. They currently have a $20.00 price objective on the stock, up from their previous price objective of $17.00. Barclays’ price target would indicate a potential upside of 12.49% from the company’s current price.
Several other brokerages also recently commented on PSDO. Zacks Investment Research upgraded shares of Presidio from a “sell” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Wednesday, November 22nd. BidaskClub downgraded shares of Presidio from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 10th. Evercore ISI reiterated a “buy” rating and set a $19.00 price target on shares of Presidio in a report on Friday, September 22nd. Wells Fargo & Co set a $21.00 price target on shares of Presidio and gave the company a “buy” rating in a report on Friday, December 29th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $17.00 price target (down from $18.00) on shares of Presidio in a report on Wednesday, September 20th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Presidio currently has a consensus rating of “Buy” and a consensus target price of $18.44.
Presidio (NASDAQ:PSDO) opened at $17.78 on Wednesday. The company has a market cap of $1,630.00 and a PE ratio of 127.00. Presidio has a fifty-two week low of $12.75 and a fifty-two week high of $19.74. The company has a current ratio of 1.03, a quick ratio of 1.00 and a debt-to-equity ratio of 1.13.
In other Presidio news, major shareholder Apollo Management Holdings Gp, sold 9,200,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $13.61, for a total value of $125,212,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.70% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the business. Advisor Group Inc. purchased a new stake in Presidio in the 2nd quarter valued at about $103,000. Nationwide Fund Advisors purchased a new stake in Presidio in the 2nd quarter valued at about $153,000. Cubist Systematic Strategies LLC boosted 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 valued at $168,000 after buying an additional 10,435 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in Presidio in the 2nd quarter valued at about $201,000. Finally, Susquehanna International Group LLP purchased a new stake in Presidio in the 3rd quarter valued at about $288,000. 97.46% of the stock is owned by institutional investors.
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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