JPMorgan Chase & Co. started coverage on shares of Presidio (NASDAQ:PSDO) in a report published on Wednesday morning, MarketBeat reports. The brokerage issued a neutral rating and a $17.00 price target on the stock.
Several other equities analysts have also recently weighed in on the stock. Evercore ISI set a $19.00 price target on shares of Presidio and gave the stock a buy rating in a research note on Friday, February 9th. Barclays cut shares of Presidio from an overweight rating to an equal weight rating and raised their price target for the stock from $17.00 to $20.00 in a research note on Wednesday, January 17th. BidaskClub cut shares of Presidio from a buy rating to a hold rating in a research note on Tuesday, January 16th. Wells Fargo & Co set a $21.00 target price on shares of Presidio and gave the company a buy rating in a research note on Friday, December 29th. Finally, Zacks Investment Research cut shares of Presidio from a buy rating to a hold rating in a research note on Saturday, December 16th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Presidio currently has a consensus rating of Hold and a consensus price target of $18.33.
Presidio (NASDAQ PSDO) opened at $16.12 on Wednesday. The firm has a market cap of $1,482.15 and a P/E ratio of 24.80. Presidio has a 52 week low of $12.75 and a 52 week high of $19.74. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.01 and a current ratio of 1.04.
Several large investors have recently added to or reduced their stakes in PSDO. Teachers Advisors LLC bought a new position in shares of Presidio in the second quarter valued at $490,000. TIAA CREF Investment Management LLC bought a new position in shares of Presidio in the second quarter valued at $723,000. Nationwide Fund Advisors bought a new position in shares of Presidio in the second quarter valued at $153,000. New York State Common Retirement Fund bought a new position in shares of Presidio in the second quarter valued at $289,000. Finally, Northern Trust Corp lifted its holdings in Presidio by 1,082.4% during the 2nd quarter. Northern Trust Corp now owns 246,049 shares of the company’s stock valued at $3,521,000 after purchasing an additional 225,240 shares during the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.
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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.
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