Zacks Investment Research upgraded shares of R C M Technologies (NASDAQ:RCMT) from a hold rating to a buy rating in a research report report published on Thursday morning, Zacks.com reports. The brokerage currently has $4.00 price target on the business services provider’s stock.
According to Zacks, “RCM Technologies, Inc. is a national provider of Business, Technology and resource solutions in information technology and professional engineering to customers in corporate and government sectors. The company has grown its information technology competencies in the areas of resource augmentation, e-business, Enterprise Resource Planning support, network and infrastructure support and knowledge management. RCM’s engineering expertise is in the form of technical design, field engineering, field support, procedures development and project and program management. “
A number of other brokerages also recently commented on RCMT. ValuEngine downgraded Zosano Pharma from a buy rating to a hold rating in a report on Wednesday, May 1st. B. Riley reduced their price target on Orion Group from $7.00 to $4.00 and set a neutral rating for the company in a report on Friday, March 29th.
R C M Technologies (NASDAQ:RCMT) last issued its earnings results on Wednesday, May 8th. The business services provider reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.05. R C M Technologies had a return on equity of 16.09% and a net margin of 1.55%. The company had revenue of $51.60 million during the quarter, compared to the consensus estimate of $51.34 million. Sell-side analysts expect that R C M Technologies will post 0.41 earnings per share for the current fiscal year.
An institutional investor recently raised its position in R C M Technologies stock. Bourgeon Capital Management LLC boosted its holdings in R C M Technologies Inc (NASDAQ:RCMT) by 27.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 187,928 shares of the business services provider’s stock after purchasing an additional 40,306 shares during the period. Bourgeon Capital Management LLC owned about 1.46% of R C M Technologies worth $740,000 at the end of the most recent reporting period. 26.56% of the stock is currently owned by hedge funds and other institutional investors.
R C M Technologies Company Profile
RCM Technologies, Inc provides business and technology solutions in the United States, Canada, Puerto Rico, and Serbia. It operates through three segments: Engineering, Specialty Health Care, and Information Technology. The Engineering segment offers a range of engineering services, including project management engineering and design, engineering analysis, engineer-procure-construct, configuration management, hardware/software validation and verification, quality assurance, technical writing and publications, manufacturing process planning and improvement, and 3D/BIM integrated design.
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