PPHC (NASDAQ:PPHC) Trading 1.5% Higher - Should You Buy?

Key Points

• PPHC (NASDAQ:PPHC) traded up about 1.5% to $13.19 on Monday, with roughly 133,630 shares changing hands—about 12% below its average daily volume.
• Analysts have recently initiated or raised coverage—Canaccord and Oppenheimer issued Buy/Outperform ratings with $18 and $16 price targets respectively, leaving a consensus rating of "Moderate Buy" and an average target of $17.00.
• The company positions itself as a global strategic communications and public affairs advisor that has grown through targeted acquisitions and organic expansion.

PPHC (NASDAQ:PPHC - Get Free Report)'s share price was up 1.5% during trading on Monday . The stock traded as high as $13.44 and last traded at $13.19. Approximately 133,630 shares were traded during trading, a decline of 12% from the average daily volume of 151,552 shares. The stock had previously closed at $13.00.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Zacks Research raised shares of PPHC to a "hold" rating in a research note on Tuesday, February 24th. Wall Street Zen raised shares of PPHC to a "hold" rating in a research report on Friday, February 6th. Canaccord Genuity Group initiated coverage on shares of PPHC in a report on Monday, February 23rd. They issued a "buy" rating and a $18.00 price target for the company. Finally, Oppenheimer began coverage on shares of PPHC in a research report on Monday, February 23rd. They issued an "outperform" rating and a $16.00 price target for the company. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $17.00.

PPHC Trading Up 1.5%

PPHC Company Profile

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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