Barrington Research restated their outperform rating on shares of The Providence Service Corporation (NASDAQ:PRSC) in a research report report published on Thursday. Barrington Research currently has a $67.00 price objective on the stock.

A number of other equities research analysts also recently weighed in on the company. TheStreet raised The Providence Service Corporation from a c+ rating to a b rating in a research report on Tuesday, November 7th. ValuEngine raised The Providence Service Corporation from a sell rating to a hold rating in a research report on Thursday, August 10th. Finally, BidaskClub downgraded The Providence Service Corporation from a hold rating to a sell rating in a research report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $67.00.

The Providence Service Corporation (NASDAQ PRSC) traded down $1.38 during mid-day trading on Thursday, reaching $55.61. The company had a trading volume of 27,800 shares, compared to its average volume of 34,378. The Providence Service Corporation has a fifty-two week low of $34.88 and a fifty-two week high of $58.01. The firm has a market capitalization of $739.95, a P/E ratio of 42.13, a PEG ratio of 3.26 and a beta of 0.81.

The Providence Service Corporation (NASDAQ:PRSC) last released its earnings results on Tuesday, November 7th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The Providence Service Corporation had a return on equity of 6.29% and a net margin of 4.91%. The business had revenue of $409.50 million for the quarter, compared to the consensus estimate of $407.00 million. During the same period last year, the business earned $0.35 earnings per share. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. equities analysts predict that The Providence Service Corporation will post 1.42 EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN lifted its stake in The Providence Service Corporation by 55.0% during the third quarter. Wells Fargo & Company MN now owns 14,347 shares of the company’s stock worth $776,000 after purchasing an additional 5,091 shares during the period. Macquarie Group Ltd. bought a new position in The Providence Service Corporation during the third quarter worth about $413,000. Comerica Bank lifted its stake in The Providence Service Corporation by 45.4% during the third quarter. Comerica Bank now owns 81,204 shares of the company’s stock worth $4,329,000 after purchasing an additional 25,348 shares during the period. Los Angeles Capital Management & Equity Research Inc. lifted its stake in The Providence Service Corporation by 84.2% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 38,886 shares of the company’s stock worth $2,103,000 after purchasing an additional 17,780 shares during the period. Finally, Municipal Employees Retirement System of Michigan lifted its stake in The Providence Service Corporation by 51.6% during the third quarter. Municipal Employees Retirement System of Michigan now owns 4,350 shares of the company’s stock worth $235,000 after purchasing an additional 1,480 shares during the period. Hedge funds and other institutional investors own 93.18% of the company’s stock.

The Providence Service Corporation Company Profile

The Providence Service Corporation (Providence) is a holding company. The Company, through its subsidiaries, is engaged in the provision of healthcare and workforce development services for public and private sector entities. The Company’s segments include Non-Emergency Transportation Services (NET Services), Workforce Development Services (WD Services) and Matrix Investment.

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