PCM Inc (PCMI) Receives $20.67 Consensus PT from Brokerages

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Shares of PCM Inc (NASDAQ:PCMI) have earned an average rating of “Buy” from the six brokerages that are covering the company, Marketbeat reports. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $20.67.

PCMI has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of PCM from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 26th. BidaskClub downgraded shares of PCM from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 7th. Finally, B. Riley upped their price objective on shares of PCM from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, October 25th.

Shares of PCMI stock opened at $18.24 on Friday. PCM has a 1 year low of $6.90 and a 1 year high of $25.23. The company has a quick ratio of 0.91, a current ratio of 1.03 and a debt-to-equity ratio of 0.21. The firm has a market cap of $222.24 million, a PE ratio of 16.89, a price-to-earnings-growth ratio of 0.44 and a beta of 0.85.

PCM (NASDAQ:PCMI) last issued its quarterly earnings data on Wednesday, October 24th. The specialty retailer reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.11. PCM had a net margin of 0.65% and a return on equity of 16.16%. The firm had revenue of $510.58 million during the quarter, compared to the consensus estimate of $555.46 million. On average, sell-side analysts forecast that PCM will post 2.07 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in PCMI. Weber Alan W grew its stake in shares of PCM by 5.6% during the 2nd quarter. Weber Alan W now owns 1,239,619 shares of the specialty retailer’s stock worth $18,780,000 after purchasing an additional 65,500 shares during the period. Royce & Associates LP grew its stake in PCM by 20.7% in the 2nd quarter. Royce & Associates LP now owns 479,527 shares of the specialty retailer’s stock valued at $7,265,000 after acquiring an additional 82,300 shares during the last quarter. Vanguard Group Inc. grew its stake in PCM by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 417,338 shares of the specialty retailer’s stock valued at $8,159,000 after acquiring an additional 8,590 shares during the last quarter. Vanguard Group Inc grew its stake in PCM by 2.1% in the 3rd quarter. Vanguard Group Inc now owns 417,338 shares of the specialty retailer’s stock valued at $8,159,000 after acquiring an additional 8,590 shares during the last quarter. Finally, BlackRock Inc. grew its stake in PCM by 69.3% in the 3rd quarter. BlackRock Inc. now owns 272,032 shares of the specialty retailer’s stock valued at $5,318,000 after acquiring an additional 111,375 shares during the last quarter. Institutional investors own 56.08% of the company’s stock.

PCM Company Profile

PCM, Inc, through its subsidiaries, operates as a multi-vendor provider of technology products and solutions in the United States and the rest of Europe. The company operates through four segments: Commercial, Public Sector, Canada, and United Kingdom. It primarily sells device products, servers, storage products, network products, printers, and related accessories and devices.

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