Presidio (NASDAQ:PSDO) was downgraded by equities research analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a note issued to investors on Friday, MarketBeat reports. They presently have a $18.00 price objective on the stock. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 20.52% from the stock’s previous close.

A number of other research firms have also recently commented on PSDO. BidaskClub cut shares of Presidio from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 10th. Wells Fargo & Co set a $21.00 price target on shares of Presidio and gave the stock a “buy” rating in a report on Friday, December 29th. 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 report on Wednesday, January 17th. Zacks Investment Research cut shares of Presidio from a “buy” rating to a “hold” rating in a report on Saturday, December 16th. Finally, Evercore ISI set a $19.00 price target on shares of Presidio and gave the stock a “buy” rating in a report on Monday, December 11th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Presidio has an average rating of “Hold” and a consensus target price of $18.44.

Shares of Presidio (NASDAQ PSDO) opened at $14.94 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.03 and a debt-to-equity ratio of 1.13. The company has a market cap of $1,373.20 and a price-to-earnings ratio of 22.98. Presidio has a twelve month low of $12.75 and a twelve month high of $19.74.

In other news, major shareholder Apollo Management Holdings Gp, sold 9,200,000 shares of Presidio stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $13.61, for a total transaction of $125,212,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.70% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its holdings in shares of Presidio by 18.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 19,877 shares of the company’s stock valued at $381,000 after buying an additional 3,118 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Presidio by 5.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 66,453 shares of the company’s stock valued at $941,000 after buying an additional 3,325 shares during the last quarter. Advisor Group Inc. acquired a new position in shares of Presidio during the second quarter valued at about $103,000. Cubist Systematic Strategies LLC grew its holdings in shares of Presidio by 802.7% during the second quarter. Cubist Systematic Strategies LLC now owns 11,735 shares of the company’s stock valued at $168,000 after buying an additional 10,435 shares during the last quarter. Finally, Nationwide Fund Advisors acquired a new position in shares of Presidio during the second quarter valued at about $153,000. Hedge funds and other institutional investors own 98.07% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Presidio (PSDO) Downgraded by JPMorgan Chase & Co.” was originally reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this news story on another website, it was illegally copied and republished in violation of US & international copyright & trademark law. The legal version of this news story can be read at https://theolympiareport.com/2018/02/11/presidio-psdo-downgraded-by-jpmorgan-chase-co.html.

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.

Analyst Recommendations for Presidio (NASDAQ:PSDO)

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