Public Policy (NASDAQ:PPHC) Upgraded to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Public Policy to “Buy” from “Hold,” although the broader analyst consensus remains “Hold” with a $17.00 target price.
• Public Policy reported quarterly revenue of $52.14 million and earnings of $0.34 per share, but posted a negative net margin of 18.85% and negative return on equity.
• Shares opened at $10.96, compared with a 52-week range of $7.01 to $15.15. Ancora Advisors also initiated a position of 252,228 shares, worth about $1.87 million.

Public Policy (NASDAQ:PPHC - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.

Several other research firms have also recently weighed in on PPHC. Canaccord Genuity Group reaffirmed a "buy" rating and set a $18.00 price objective on shares of Public Policy in a research report on Wednesday, July 8th. Weiss Ratings raised shares of Public Policy from a "sell (e-)" rating to a "sell (e)" rating in a report on Wednesday, July 1st. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Public Policy currently has a consensus rating of "Hold" and a consensus target price of $17.00.

Public Policy Price Performance

Shares of NASDAQ PPHC opened at $10.96 on Friday. The business has a fifty day moving average price of $9.49 and a two-hundred day moving average price of $11.34. The stock has a market capitalization of $331.21 million and a PE ratio of 99.64. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.60 and a quick ratio of 1.60. Public Policy has a fifty-two week low of $7.01 and a fifty-two week high of $15.15.

Public Policy (NASDAQ:PPHC - Get Free Report) last released its earnings results on Tuesday, June 30th. The company reported $0.34 earnings per share (EPS) for the quarter. Public Policy had a negative return on equity of 0.26% and a negative net margin of 18.85%.The company had revenue of $52.14 million for the quarter. As a group, equities analysts predict that Public Policy will post 0.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Public Policy

A hedge fund recently bought a new position in Public Policy stock. Ancora Advisors LLC purchased a new position in shares of Public Policy Holding Company, Inc. (NASDAQ:PPHC - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 252,228 shares of the company's stock, valued at approximately $1,869,000. Ancora Advisors LLC owned approximately 0.83% of Public Policy as of its most recent filing with the SEC.

About Public Policy

Our mission is to become the preeminent provider of global strategic communications by uniting a diverse group of leading government relations, corporate communications and public affairs specialists around the world for the collective success of our clients, employees, and shareholders. Founded by veteran advisors with decades of experience in Washington, DC's public policy and government relations landscape, we have grown and diversified our global communications advisory business through targeted acquisitions and organic growth.

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