The price target of PRFT was increased by investment analysts working at Barrington Research from a sum of $48 to a sum of $68, in a research note that was published last Friday. According to said report, the brokerage has put up a rating of outperform on the stocks of this company. Interestingly, the price target set by Barrington on PRFT would be indicative of a positive annual growth rate of about 21.19% on the current price of the firm.
The Stock Commentary Of PRFT
There have been other research analysts who have provided insights into the stocks of PRFT. Needham & Company LLC has already increased the price target on the company from $45 to $46, along with a rating of buy given to the stocks on the 30th of October. Alliance Global Partners has also increased the price target on the company from $55 to $72, along with a rating of buy.
One research investment analyst covering the firm has given the stocks a rating of hold, while six others have provided the company with a rating of buy. The company enjoys a buy rating with a $57 price target.
The stocks of PRFT traded on Friday at $56.11. The debt-to-equity ratio of the company stands at 0.49, while the quick ratio is at 1.97, with a 1.97 current ratio. The moving average price of the firm over 50 days is $55.42, while the moving average price of the firm over 200 days is $47.26. The company has a year low of around $18.88, with a year high of around $63.56. The market cap of the company stands at $1.85 billion, with a 55.01 PE ratio, and a PEG ratio of 1.78. The beta has been fixed at 1.49.