PC Connection - CNXN Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PC Connection in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" CNXN shares.
View CNXN analyst ratings or view top-rated stocks.

1 Wall Street research analysts have issued 12-month price targets for PC Connection's shares. Their CNXN share price forecasts range from $55.00 to $55.00. On average, they anticipate the company's stock price to reach $55.00 in the next year. This suggests a possible upside of 22.8% from the stock's current price.
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PC Connection's stock was trading at $43.13 at the start of the year. Since then, CNXN stock has increased by 3.9% and is now trading at $44.80.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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PC Connection, Inc. (NASDAQ:CNXN) issued its quarterly earnings results on Thursday, November, 4th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.05. The business earned $751.37 million during the quarter, compared to the consensus estimate of $725.17 million. PC Connection had a trailing twelve-month return on equity of 12.77% and a net margin of 2.83%. During the same period in the prior year, the company earned $0.64 earnings per share.

PC Connection announced a dividend on Thursday, November 4th. Stockholders of record on Thursday, November 18th will be paid a dividend of $1.00 per share on Friday, December 3rd. The ex-dividend date of this dividend is Wednesday, November 17th. This is a positive change from the stock's previous dividend of $0.32.
Read our dividend analysis for CNXN.

194 employees have rated PC Connection Chief Executive Officer Timothy McGrath on Glassdoor.com. Timothy McGrath has an approval rating of 72% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other PC Connection investors own include Cisco Systems (CSCO), NVIDIA (NVDA), Pfizer (PFE), AT&T (T), Verizon Communications (VZ), Bristol-Myers Squibb (BMY), Alphabet (GOOG), Johnson & Johnson (JNJ), Procter & Gamble (PG) and TD SYNNEX (SNX).

PC Connection trades on the NASDAQ under the ticker symbol "CNXN."

PC Connection's stock is owned by a variety of institutional and retail investors. Top institutional investors include Mawer Investment Management Ltd. (7.53%), State Street Corp (1.60%), Northern Trust Corp (1.44%), Goldman Sachs Group Inc. (0.81%), Brown Advisory Inc. (0.62%) and Brown Advisory Inc. (0.62%). Insiders that own company stock include Barbara Duckett, Jack L Ferguson, Negrini David Beffa, Patricia Gallup and Timothy J Mcgrath.
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Shares of CNXN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CNXN stock can currently be purchased for approximately $44.80.

PC Connection (NASDAQ:CNXN) has a market capitalization of $1.18 billion and generates $2.89 billion in revenue each year. The company earns $69.91 million in net income (profit) each year or $3.40 on an earnings per share basis.

The company employs 2,542 workers across the globe.

PC Connection's mailing address is 730 MILFORD RD, MERRIMACK NH, 03054. The official website for the company is www.connection.com. The company can be reached via phone at 603-683-2000, via email at ir@connection.com, or via fax at 603-683-5797.