Barrington analyst Vincent Colicchio maintained a Buy rating on Perficient (PRFT) today and set a price target of $37. The company’s shares closed yesterday at $34.87, close to its 52-week high of $35.99.
Colicchio said:
“We expect Perficient to report Q2/19 non‐GAAP EPS of $0.48, which is in line with the FactSet consensus forecast of $0.48. Our EPS forecast represents year‐ over‐year growth of 29%.”
According to TipRanks.com, Colicchio is a 1-star analyst with an average return of -2.4% and a 50.0% success rate. Colicchio covers the Technology sector, focusing on stocks such as Sykes Enterprises Inc, Exlservice Holdings, and Computer Task.
Perficient has an analyst consensus of Strong Buy, with a price target consensus of $39.
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Perficient’s market cap is currently $1.1B and has a P/E ratio of 43.11. The company has a Price to Book ratio of 3.15.
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Perficient, Inc. engages in the provision of business optimization and industry solutions. Its solutions include analytics, custom applications, management consulting, commerce, content management, business integration, customer relationship management, portals & collaboration, platform implementations, business process management, enterprise data and business intelligence, enterprise performance management, enterprise mobile, cloud services and digital marketing. The company was founded in 1998 and is headquartered in St. Louis, MO.
