PPHC's (PPHC) "Buy" Rating Reaffirmed at Canaccord Genuity Group

Key Points

• Canaccord Genuity Group reaffirmed a "Buy" rating on PPHC with an $18 price target, implying roughly a 34.48% upside from the company's current price.
• Analyst coverage is mixed but generally positive—two Buy ratings and one Hold give PPHC a consensus of "Moderate Buy" and an average price target of $17.00.
• PPHC missed EPS expectations, reporting $0.07 vs. $0.14 expected while revenue matched estimates at $49.9M; shares traded at $13.39 on Tuesday, inside a 12‑month range of $11.25–$14.50.

PPHC (NASDAQ:PPHC - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at Canaccord Genuity Group in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $18.00 target price on the stock. Canaccord Genuity Group's target price would indicate a potential upside of 34.48% from the company's current price.

PPHC has been the subject of a number of other research reports. Oppenheimer initiated coverage on shares of PPHC in a research report on Monday, February 23rd. They set an "outperform" rating and a $16.00 target price for the company. Wall Street Zen raised PPHC to a "hold" rating in a research report on Friday, February 6th. Finally, Zacks Research upgraded PPHC to a "hold" rating in a research note on Tuesday, February 24th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $17.00.

PPHC Trading Up 1.5%

PPHC stock traded up $0.20 during midday trading on Tuesday, hitting $13.39. 36,937 shares of the company traded hands, compared to its average volume of 148,356. PPHC has a twelve month low of $11.25 and a twelve month high of $14.50.

PPHC (NASDAQ:PPHC - Get Free Report) last issued its quarterly earnings data on Monday, March 23rd. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by ($0.07). The firm had revenue of $49.90 million for the quarter, compared to analyst estimates of $49.90 million.

About PPHC

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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