Presidio Inc (PSDO) Receives New Coverage from Analysts at Wells Fargo & Co

Analysts at Wells Fargo & Co started coverage on shares of Presidio Inc (NASDAQ:PSDO) in a report issued on Tuesday. The brokerage set an “outperform” rating on the stock.

A number of other brokerages have also recently weighed in on PSDO. Royal Bank of Canada assumed coverage on Presidio in a research note on Tuesday, April 4th. They issued an “outperform” rating and a $19.00 price target on the stock. JPMorgan Chase & Co. assumed coverage on Presidio in a research note on Tuesday, April 4th. They set an “overweight” rating and a $18.00 target price on the stock. Goldman Sachs Group Inc assumed coverage on Presidio in a research note on Tuesday, April 4th. They set a “neutral” rating and a $17.00 target price on the stock. Barclays PLC assumed coverage on Presidio in a research note on Tuesday, April 4th. They set an “overweight” rating and a $17.00 target price on the stock. Finally, Citigroup Inc assumed coverage on Presidio in a research note on Tuesday, April 4th. They set a “buy” rating and a $19.00 target price on the stock. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $18.14.

Analyst Recommendations for Presidio (NASDAQ:PSDO)

Shares of Presidio (NASDAQ:PSDO) traded down 0.52% during midday trading on Tuesday, reaching $15.26. 243,365 shares of the company were exchanged. The company’s market capitalization is $1.10 billion. The firm’s 50 day moving average is $14.25 and its 200-day moving average is $14.25. Presidio has a 52-week low of $13.26 and a 52-week high of $15.99.

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In other Presidio news, Director Steven J. Lerner bought 10,000 shares of the stock in a transaction on Friday, March 10th. The shares were bought at an average price of $14.00 per share, with a total value of $140,000.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at approximately $140,000. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Presidio Company Profile

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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