Presidio Inc (PSDO) Receives New Coverage from Analysts at Credit Suisse Group AG

Investment analysts at Credit Suisse Group AG started coverage on shares of Presidio Inc (NASDAQ:PSDO) in a report released on Tuesday. The firm set an “outperform” rating and a $18.00 price target on the stock. Credit Suisse Group AG’s price objective would suggest a potential upside of 17.96% from the stock’s previous close.

PSDO has been the subject of a number of other reports. Barclays PLC started coverage on Presidio in a report on Tuesday, April 4th. They issued an “overweight” rating and a $17.00 price target for the company. Royal Bank of Canada started coverage on Presidio in a report on Tuesday, April 4th. They issued an “outperform” rating and a $19.00 price target for the company. Goldman Sachs Group Inc began coverage on Presidio in a report on Tuesday, April 4th. They issued a “neutral” rating and a $17.00 price target for the company. JPMorgan Chase & Co. began coverage on Presidio in a research note on Tuesday, April 4th. They issued an “overweight” rating and a $18.00 target price for the company. Finally, Wells Fargo & Co began coverage on Presidio in a research note on Tuesday, April 4th. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $18.14.

Analyst Recommendations for Presidio (NASDAQ:PSDO)

Shares of Presidio (NASDAQ:PSDO) traded down 0.52% during mid-day trading on Tuesday, hitting $15.26. 243,365 shares of the stock were exchanged. The stock’s 50 day moving average is $14.25 and its 200-day moving average is $14.25. Presidio has a 12 month low of $13.26 and a 12 month high of $15.99. The stock’s market cap is $1.10 billion.

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In other Presidio news, Director Steven J. Lerner bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 10th. The stock was purchased at an average cost of $14.00 per share, for a total transaction of $140,000.00. Following the completion of the purchase, the director now owns 10,000 shares of the company’s stock, valued at approximately $140,000. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

About Presidio

Presidio, Inc is a United States-based company, which is an information technology (IT) solutions provider. The Company’s services include strategy and consulting, solutions design and deployment, managed services, asset maintenance and support, financing services, global services and carrier connectivity.

5 Day Chart for NASDAQ:PSDO

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