Presidio, Inc. (NASDAQ:PSDO) Receives Consensus Recommendation of “Buy” from Brokerages

Presidio, Inc. (NASDAQ:PSDO) has earned a consensus rating of “Buy” from the nine analysts that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $18.00.

PSDO has been the subject of several recent analyst reports. ValuEngine cut shares of Presidio from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. Royal Bank Of Canada decreased their price objective on shares of Presidio from $19.00 to $18.00 and set an “outperform” rating for the company in a research report on Friday, May 12th. Finally, Evercore ISI set a $19.00 price objective on shares of Presidio and gave the stock a “buy” rating in a research report on Saturday, May 13th.

Presidio (NASDAQ PSDO) opened at 13.38 on Friday. The firm’s market cap is $1.22 billion. Presidio has a one year low of $13.25 and a one year high of $14.36. The stock has a 50 day moving average of $14.25 and a 200 day moving average of $14.25.

Several large investors have recently bought and sold shares of PSDO. Apollo Management Holdings L.P. purchased a new stake in Presidio during the first quarter valued at $1,037,160,000. FMR LLC purchased a new stake in Presidio during the first quarter valued at $111,604,000. Massachusetts Financial Services Co. MA purchased a new stake in Presidio during the first quarter valued at $27,577,000. Jennison Associates LLC purchased a new stake in Presidio during the first quarter valued at $15,357,000. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in Presidio by 185.1% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,112,050 shares of the company’s stock valued at $15,914,000 after buying an additional 722,050 shares during the period. Institutional investors own 94.15% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Presidio, Inc. (NASDAQ:PSDO) Receives Consensus Recommendation of “Buy” from Brokerages” was originally posted by Ticker Report and is the sole property of of Ticker Report. If you are accessing this story on another website, it was stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this story can be read at https://www.tickerreport.com/banking-finance/2801281/presidio-inc-nasdaqpsdo-receives-consensus-recommendation-of-buy-from-brokerages.html.

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.

Analyst Recommendations for Presidio (NASDAQ:PSDO)

Receive News & Ratings for Presidio Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Presidio Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.