Deutsche Bank Starts Stock Coverage on Perficient (PRFT)

By admin | 6 years ago

Equities research analysts at Deutsche Bank (NYSE: DB) initiated coverage on shares of Perficient (NASDAQ: PRFT) in a research note issued to investors on Tuesday. The firm set a “buy” rating on the stock.

Perficient traded down 0.40% on Tuesday, hitting $12.34. Perficient has a 1-year low of $6.41 and a 1-year high of $12.80. The company has a market cap of $394.1 million and a price-to-earnings ratio of 30.29.

Perficient last released its earnings data on Thursday, May 3rd. The company reported $0.20 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.20. Perficient’s revenue was up 32.9% compared to the same quarter last year. Analysts expect that Perficient will post $0.26 EPS next quarter.

Perficient, Inc. is an information technology consulting firm. The Company designs, builds and delivers technology solutions using third party software products.

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