Presidio (PSDO) Given Daily Media Sentiment Rating of 0.08

Press coverage about Presidio (NASDAQ:PSDO) has trended somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Presidio earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.2951246345982 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Shares of Presidio (NASDAQ:PSDO) traded down $0.06 during trading hours on Tuesday, hitting $18.79. 61,812 shares of the company were exchanged, compared to its average volume of 272,699. The company has a current ratio of 1.03, a quick ratio of 1.00 and a debt-to-equity ratio of 1.13. The company has a market cap of $1,720.00 and a P/E ratio of 134.21. Presidio has a twelve month low of $12.75 and a twelve month high of $19.00.

A number of equities research analysts recently weighed in on PSDO shares. Zacks Investment Research raised shares of Presidio from a “sell” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Wednesday, November 22nd. Barclays boosted their price objective on shares of Presidio from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Tuesday, November 7th. Evercore ISI set a $19.00 price objective on shares of Presidio and gave the company a “buy” rating in a research report on Monday, December 11th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 price objective (down previously from $18.00) on shares of Presidio in a research report on Wednesday, September 20th. Finally, BidaskClub raised shares of Presidio from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 20th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Presidio presently has an average rating of “Buy” and an average target price of $17.75.

In other Presidio news, major shareholder Apollo Management Holdings Gp, sold 9,200,000 shares of the business’s 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.70% of the company’s stock.

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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.

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