In a report released yesterday, Keith Housum from Northcoast Research reiterated a Buy rating on ScanSource (NASDAQ: SCSC), with a price target of $45. The company’s shares opened today at $42.50.
Housum has an average return of 16.0% when recommending ScanSource.
According to TipRanks.com, Housum is ranked #2074 out of 4850 analysts.
Currently, the analyst consensus on ScanSource is a Moderate Buy with an average price target of $44.50.
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Based on ScanSource’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $10.65 million. In comparison, last year the company had a net profit of $18.97 million.
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ScanSource, Inc. engages in the development and provision of technology products and services. It operates through the Worldwide Barcode and Security; and Worldwide Communications and Services segments.
