PCM Inc (NASDAQ:PCMI) Given Consensus Recommendation of “Hold” by Brokerages

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PCM Inc (NASDAQ:PCMI) has been given an average rating of “Hold” by the six research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $35.00.

Several research analysts have commented on the stock. B. Riley restated a “buy” rating on shares of PCM in a report on Tuesday, March 26th. Roth Capital decreased their price objective on shares of Acer Therapeutics from $66.00 to $9.00 in a report on Tuesday, June 25th. Zacks Investment Research lowered shares of Green Plains from a “hold” rating to a “strong sell” rating in a report on Thursday, June 27th. BidaskClub upgraded shares of Misonix from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 3rd. Finally, ValuEngine upgraded shares of YPF from a “sell” rating to a “hold” rating in a report on Monday, June 24th.

NASDAQ:PCMI traded down $0.03 during midday trading on Thursday, reaching $34.77. 3,791 shares of the stock traded hands, compared to its average volume of 223,024. The business has a fifty day moving average of $28.78. PCM has a 12 month low of $14.80 and a 12 month high of $39.69. The company has a quick ratio of 0.94, a current ratio of 1.06 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $426.54 million, a PE ratio of 15.95, a P/E/G ratio of 0.71 and a beta of 1.37.

PCM (NASDAQ:PCMI) last issued its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.11. PCM had a net margin of 1.14% and a return on equity of 19.06%. The business had revenue of $533.99 million during the quarter, compared to analyst estimates of $533.20 million. As a group, analysts forecast that PCM will post 2.44 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of PCMI. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of PCM by 0.6% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 202,025 shares of the specialty retailer’s stock worth $7,400,000 after acquiring an additional 1,119 shares in the last quarter. Quantamental Technologies LLC increased its stake in shares of PCM by 67.6% in the 1st quarter. Quantamental Technologies LLC now owns 3,680 shares of the specialty retailer’s stock worth $135,000 after acquiring an additional 1,484 shares in the last quarter. Investors Research Corp bought a new position in shares of PCM in the 1st quarter worth about $55,000. Group One Trading L.P. bought a new position in shares of PCM in the 1st quarter worth about $55,000. Finally, Penserra Capital Management LLC bought a new position in shares of PCM in the 1st quarter worth about $91,000. Institutional investors and hedge funds own 61.39% of the company’s stock.

About PCM

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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