Somewhat Positive Press Coverage Somewhat Unlikely to Impact Presidio (PSDO) Share Price
News headlines about Presidio (NASDAQ:PSDO) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Presidio earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 44.6239452018431 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
PSDO has been the subject of a number of research reports. Wells Fargo & Co set a $21.00 target price on Presidio and gave the stock a “buy” rating in a report on Friday, December 29th. Zacks Investment Research raised Presidio from a “sell” rating to a “buy” rating and set a $17.00 target price for the company in a report on Wednesday, November 22nd. BidaskClub raised Presidio from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 20th. Evercore ISI set a $19.00 target price on Presidio and gave the stock a “buy” rating in a report on Monday, December 11th. Finally, Barclays lifted their target price on Presidio from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, November 7th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Presidio has a consensus rating of “Buy” and a consensus price target of $18.44.
Presidio (NASDAQ:PSDO) traded up $0.03 during mid-day trading on Thursday, reaching $17.43. The company had a trading volume of 40,247 shares, compared to its average volume of 169,666. Presidio has a fifty-two week low of $12.75 and a fifty-two week high of $19.74. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.03 and a quick ratio of 1.00.
In related 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 stock was sold at an average price of $13.61, for a total value of $125,212,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.70% of the stock is owned by insiders.
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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