Presidio (PSDO) Stock Rating Lowered by Barclays

Presidio (NASDAQ:PSDO) was downgraded by equities researchers at Barclays from an “overweight” rating to an “equal weight” rating in a report issued on Wednesday. They currently have a $20.00 target price on the stock, up from their prior target price of $17.00. Barclays’ price objective would indicate a potential upside of 12.49% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Evercore ISI set a $19.00 price target on shares of Presidio and gave the stock a “buy” rating in a research note on Monday, December 11th. 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 research note on Wednesday, November 22nd. BidaskClub cut shares of Presidio from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 10th. Wells Fargo & Co set a $21.00 price target on shares of Presidio and gave the stock a “buy” rating in a research note on Friday, December 29th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $17.00 price target (down previously from $18.00) on shares of Presidio in a research note on Wednesday, September 20th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Presidio has an average rating of “Buy” and an average price target of $18.44.

Presidio (NASDAQ:PSDO) opened at $17.78 on Wednesday. The firm has a market cap of $1,630.00 and a price-to-earnings ratio of 127.00. Presidio has a one year low of $12.75 and a one year high of $19.74. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.00 and a current ratio of 1.03.

Presidio (NASDAQ:PSDO) last announced its quarterly earnings results on Monday, November 6th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.16 by $0.05. Presidio had a net margin of 2.59% and a return on equity of 12.92%. research analysts expect that Presidio will post 0.57 earnings per share for the current year.

In other 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 filing with the SEC, which is available through the SEC website. Insiders own 2.70% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Advisor Group Inc. bought a new stake in shares of Presidio in the 2nd quarter worth about $103,000. Nationwide Fund Advisors bought a new stake in shares of Presidio in the 2nd quarter worth about $153,000. Cubist Systematic Strategies LLC increased its holdings in shares of Presidio by 802.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,735 shares of the company’s stock worth $168,000 after buying an additional 10,435 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Presidio in the 2nd quarter worth about $201,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Presidio in the 3rd quarter worth about $288,000. Hedge funds and other institutional investors own 97.46% of the company’s stock.

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About Presidio

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.

Analyst Recommendations for Presidio (NASDAQ:PSDO)

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