Latest Stocks: Presidio Inc (PSDO) PT Lowered to $18.00 at Royal Bank of Canada

Latest Stocks: Presidio Inc (PSDO) PT Lowered to $18.00 at Royal Bank of Canada

Presidio Inc (NASDAQ:PSDO) had its price target decreased by equities researchers at Royal Bank of Canada from $19.00 to $18.00 in a research report issued to clients and investors on Friday, May 12th. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 17.26% from the stock’s current price.

Several other research firms have also issued reports on PSDO. Wells Fargo & Co initiated coverage on shares of Presidio in a report on Tuesday, April 4th. They issued an “outperform” rating for the company. Citigroup Inc started coverage on shares of Presidio in a report on Tuesday, April 4th. They set a “buy” rating and a $19.00 price objective for the company. Credit Suisse Group AG started coverage on shares of Presidio in a report on Tuesday, April 4th. They set an “outperform” rating and a $18.00 price objective for the company. Evercore ISI started coverage on shares of Presidio in a report on Monday, April 3rd. They set an “outperform” rating and a $19.00 price objective for the company. Finally, Goldman Sachs Group Inc started coverage on shares of Presidio in a report on Tuesday, April 4th. They set a “neutral” rating and a $17.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $18.00.

Presidio (PSDO) opened at 15.35 on Friday. Presidio has a 52 week low of $12.75 and a 52 week high of $16.38. The stock’s 50 day moving average is $14.25 and its 200 day moving average is $14.25. The company’s market capitalization is $1.40 billion.

In other Presidio news, Director Steven J. Lerner purchased 10,000 shares of Presidio stock in a transaction dated Friday, March 10th. The stock was acquired at an average price of $14.00 per share, for a total transaction of $140,000.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at approximately $140,000. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Several large investors have recently bought and sold shares of PSDO. Jennison Associates LLC acquired a new stake in Presidio during the first quarter valued at approximately $15,357,000. American Century Companies Inc. acquired a new stake in Presidio during the first quarter valued at approximately $10,293,000. Three Peaks Capital Management LLC acquired a new stake in Presidio during the first quarter valued at approximately $7,837,000. Sei Investments Co. acquired a new stake in Presidio during the first quarter valued at approximately $528,000. Finally, Hood River Capital Management LLC acquired a new stake in Presidio during the first quarter valued at approximately $10,418,000.

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