PJT Partners (NYSE:PJT) Price Target Raised to $188.00

PJT Partners (NYSE:PJT) had its price objective raised by Keefe, Bruyette & Woods from $186.00 to $188.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 4.20% from the company’s previous close.

Several other research analysts have also commented on PJT. Weiss Ratings reissued a “hold (c+)” rating on shares of PJT Partners in a report on Wednesday, October 8th. Zacks Research lowered shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday. Wall Street Zen raised shares of PJT Partners from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Evercore ISI set a $180.00 price target on shares of PJT Partners in a report on Monday, October 13th. Finally, UBS Group initiated coverage on shares of PJT Partners in a research report on Thursday, December 11th. They set a “neutral” rating and a $180.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, PJT Partners currently has a consensus rating of “Hold” and an average price target of $180.60.

PJT Partners Price Performance

NYSE:PJT traded up $0.56 on Thursday, reaching $180.43. 58,280 shares of the company’s stock were exchanged, compared to its average volume of 196,511. The firm has a market cap of $4.39 billion, a price-to-earnings ratio of 27.80 and a beta of 0.84. The stock has a fifty day simple moving average of $169.14 and a 200-day simple moving average of $174.89. PJT Partners has a 52 week low of $119.76 and a 52 week high of $190.27.

PJT Partners (NYSE:PJT) last announced its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.61. PJT Partners had a return on equity of 29.66% and a net margin of 10.75%.The company had revenue of $447.09 million during the quarter, compared to analysts’ expectations of $386.76 million. As a group, sell-side analysts predict that PJT Partners will post 6.2 EPS for the current year.

Institutional Investors Weigh In On PJT Partners

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

PJT Partners Company Profile

PJT Partners is a global advisory-focused investment bank that delivers strategic advisory, restructuring and special situations, and capital solutions to corporations, partnerships, and governments. The firm operates through three primary business segments: Strategic Advisory, which covers mergers and acquisitions, shareholder advisory, and capital markets advisory; Restructuring and Special Situations, which provides advice on debt and liability management, distressed mergers and acquisitions, and financial restructurings; and Park Hill, the firm’s dedicated capital-raising and secondary advisory business for private equity, real estate, hedge funds, and infrastructure.

The Strategic Advisory practice at PJT Partners assists clients with complex transactions such as cross-border mergers, spin-offs, divestitures, and takeover defenses, drawing on deep industry expertise and global reach.