PJT Partners (NYSE:PJT) Given New $186.00 Price Target at Keefe, Bruyette & Woods

PJT Partners (NYSE:PJT) had its target price lifted by Keefe, Bruyette & Woods from $182.00 to $186.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 10.48% from the stock’s previous close.

A number of other equities analysts have also issued reports on PJT. UBS Group started coverage on shares of PJT Partners in a research report on Thursday, December 11th. They set a “neutral” rating and a $180.00 target price on the stock. Evercore ISI set a $180.00 price objective on PJT Partners in a report on Monday, October 13th. Wall Street Zen upgraded PJT Partners from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Zacks Research upgraded PJT Partners from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Finally, BMO Capital Markets initiated coverage on PJT Partners in a research note on Friday, October 3rd. They set an “outperform” rating and a $205.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $187.75.

PJT Partners Price Performance

Shares of PJT stock traded down $2.82 during trading hours on Wednesday, hitting $168.36. 59,479 shares of the company’s stock were exchanged, compared to its average volume of 255,963. PJT Partners has a 52 week low of $119.76 and a 52 week high of $190.27. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of 25.90 and a beta of 0.85. The stock’s 50-day moving average is $170.58 and its 200-day moving average is $172.97.

PJT Partners (NYSE:PJT) last released its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.61. PJT Partners had a return on equity of 29.66% and a net margin of 10.75%.The business had revenue of $447.09 million during the quarter, compared to analysts’ expectations of $386.76 million. Equities research analysts forecast that PJT Partners will post 6.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. CWM LLC increased its stake in PJT Partners by 50.8% in the third quarter. CWM LLC now owns 181 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 61 shares in the last quarter. M&T Bank Corp grew its holdings in shares of PJT Partners by 3.3% in the 2nd quarter. M&T Bank Corp now owns 2,302 shares of the financial services provider’s stock valued at $380,000 after buying an additional 74 shares during the period. F m Investments LLC grew its holdings in shares of PJT Partners by 0.3% in the 2nd quarter. F m Investments LLC now owns 26,851 shares of the financial services provider’s stock valued at $4,431,000 after buying an additional 80 shares during the period. Linden Thomas Advisory Services LLC increased its position in shares of PJT Partners by 3.3% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 2,551 shares of the financial services provider’s stock valued at $453,000 after buying an additional 81 shares in the last quarter. Finally, Huntington National Bank raised its stake in PJT Partners by 13.8% during the 2nd quarter. Huntington National Bank now owns 710 shares of the financial services provider’s stock worth $117,000 after buying an additional 86 shares during the period. Institutional investors own 89.23% of the company’s stock.

About PJT Partners

PJT Partners Inc, an investment bank, provides various strategic and capital markets advisory, restructuring and special situations, and shareholder advisory services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers advisory services to clients on various transactions, including mergers and acquisitions (M&A), spin-offs, activism defense, contested M&A, joint ventures, minority investments, and divestitures.