PCM Inc (PCMI) Receives Average Recommendation of “Buy” from Brokerages

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

A number of brokerages have recently issued reports on PCMI. TheStreet raised shares of PCM from a “d+” rating to a “c” rating in a research note on Thursday, July 26th. B. Riley upped their price objective on shares of PCM from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, October 25th. Zacks Investment Research raised shares of PCM from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Wednesday, October 24th. ValuEngine raised shares of PCM from a “hold” rating to a “buy” rating in a research note on Saturday, July 28th. Finally, BidaskClub cut shares of PCM from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 7th.

Shares of PCM stock opened at $17.30 on Wednesday. PCM has a 52-week low of $6.90 and a 52-week high of $25.23. The firm has a market capitalization of $224.79 million, a PE ratio of 16.02, a price-to-earnings-growth ratio of 0.45 and a beta of 0.80. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.03 and a quick ratio of 0.91.

PCM (NASDAQ:PCMI) last announced its quarterly earnings data on Wednesday, October 24th. The specialty retailer reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.11. PCM had a net margin of 0.65% and a return on equity of 16.16%. The company had revenue of $510.58 million during the quarter, compared to analysts’ expectations of $555.46 million. As a group, equities research analysts forecast that PCM will post 2.07 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE boosted its position in PCM by 919.3% during the 2nd quarter. Bank of America Corp DE now owns 7,798 shares of the specialty retailer’s stock valued at $118,000 after buying an additional 7,033 shares during the period. Laurion Capital Management LP purchased a new stake in PCM during the 2nd quarter valued at $187,000. Tower Research Capital LLC TRC boosted its position in PCM by 551.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 9,781 shares of the specialty retailer’s stock valued at $191,000 after buying an additional 8,280 shares during the period. Ibex Investors LLC purchased a new stake in PCM during the 3rd quarter valued at $205,000. Finally, O Shaughnessy Asset Management LLC purchased a new stake in PCM during the 3rd quarter valued at $217,000. 54.12% of the stock is owned by institutional investors and hedge funds.

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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