PJT Partners (NYSE:PJT) Upgraded at TheStreet

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TheStreet upgraded shares of PJT Partners (NYSE:PJT) from a d rating to a c rating in a research report released on Monday, September 17th.

A number of other brokerages have also recently issued reports on PJT. Sandler O’Neill set a $62.00 price objective on PJT Partners and gave the stock a hold rating in a research note on Wednesday, August 1st. Bank of America cut PJT Partners from a buy rating to a neutral rating and set a $60.00 price objective on the stock. in a research note on Monday, July 16th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded PJT Partners from a sell rating to a hold rating in a research note on Wednesday, July 4th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $58.50.

Shares of PJT Partners stock traded up $0.62 on Monday, reaching $45.48. 193,209 shares of the company were exchanged, compared to its average volume of 150,288. PJT Partners has a one year low of $36.40 and a one year high of $61.18. The stock has a market cap of $1.08 billion, a P/E ratio of 29.53 and a beta of 0.39.

PJT Partners (NYSE:PJT) last announced its quarterly earnings data on Tuesday, July 31st. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.20. PJT Partners had a positive return on equity of 24.71% and a negative net margin of 4.11%. The company had revenue of $130.67 million for the quarter. Analysts forecast that PJT Partners will post 2.27 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 19th. Investors of record on Wednesday, September 5th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend was Tuesday, September 4th. PJT Partners’s dividend payout ratio (DPR) is presently 12.99%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in PJT Partners in the 2nd quarter valued at $110,000. Empirical Finance LLC bought a new stake in PJT Partners in the 2nd quarter valued at $210,000. LPL Financial LLC bought a new stake in PJT Partners in the 1st quarter valued at $204,000. State Board of Administration of Florida Retirement System bought a new stake in PJT Partners in the 1st quarter valued at $222,000. Finally, M&T Bank Corp bought a new stake in PJT Partners in the 1st quarter valued at $232,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

PJT Partners Company Profile

PJT Partners Inc provides various strategic advisory, restructuring and special situations, and private fund advisory and placement services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers a range of financial advisory and transaction execution capability, including mergers and acquisitions, joint ventures, minority investments, asset swaps, divestitures, takeover defenses, corporate finance advisory, private placements, and distressed sales.

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