PCM Inc (PCMI) Receives $29.80 Consensus PT from Analysts

Shares of PCM Inc (NASDAQ:PCMI) have been given an average recommendation of “Buy” by the six research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $29.80.

A number of brokerages have commented on PCMI. BidaskClub cut PCM from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Zacks Investment Research raised PCM from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Wednesday, May 1st. ValuEngine raised PCM from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. B. Riley reaffirmed a “buy” rating on shares of PCM in a research report on Tuesday, March 26th. Finally, Roth Capital lifted their price target on PCM from $24.20 to $29.60 and gave the stock a “buy” rating in a research report on Thursday, February 7th.

Shares of PCM stock traded down $0.91 during trading on Wednesday, reaching $27.70. The company’s stock had a trading volume of 70,366 shares, compared to its average volume of 186,801. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.06 and a quick ratio of 0.94. The stock has a market capitalization of $344.91 million, a price-to-earnings ratio of 12.71, a PEG ratio of 0.58 and a beta of 1.09. PCM has a 1-year low of $11.50 and a 1-year high of $39.69.

PCM (NASDAQ:PCMI) last issued its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.11. PCM had a return on equity of 19.06% and a net margin of 1.14%. The company had revenue of $533.99 million during the quarter, compared to analysts’ expectations of $533.20 million. On average, equities research analysts anticipate that PCM will post 2.44 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of PCMI. Morgan Stanley lifted its holdings in shares of PCM by 216.6% in the 3rd quarter. Morgan Stanley now owns 227,305 shares of the specialty retailer’s stock valued at $4,444,000 after buying an additional 155,518 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of PCM by 520.7% in the 1st quarter. Renaissance Technologies LLC now owns 162,000 shares of the specialty retailer’s stock valued at $5,934,000 after buying an additional 135,900 shares during the period. BlackRock Inc. lifted its holdings in shares of 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 buying an additional 111,375 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of PCM by 61.2% in the 1st quarter. Acadian Asset Management LLC now owns 251,009 shares of the specialty retailer’s stock valued at $9,193,000 after buying an additional 95,272 shares during the period. Finally, Goldman Sachs Group Inc. acquired a new position in shares of PCM in the 1st quarter valued at about $2,999,000. 57.25% of the stock is owned by institutional investors.

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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