Pershing Square (OTCMKTS:PSHZF) Sets New 1-Year Low – What’s Next?

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF)’s share price hit a new 52-week low on Tuesday . The company traded as low as $49.00 and last traded at $49.00, with a volume of 3551 shares changing hands. The stock had previously closed at $50.53.

Analysts Set New Price Targets

A number of research firms have commented on PSHZF. UBS Group set a $40.00 target price on shares of Pershing Square in a research report on Tuesday, May 26th. Jefferies Financial Group raised Pershing Square to a “hold” rating in a report on Tuesday, May 26th. Finally, Royal Bank Of Canada initiated coverage on Pershing Square in a research report on Tuesday, May 26th. They set a “sector perform” rating for the company. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $40.00.

Pershing Square Trading Down 1.1%

The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.24. The stock has a fifty day moving average of $54.94 and a 200 day moving average of $58.51.

Pershing Square Company Profile

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) is a Guernsey-registered closed-ended investment company that offers public investors access to the concentrated investment strategy of Pershing Square Capital Management, L.P. Founded by William “Bill” Ackman, the firm employs a value-oriented, fundamental approach to equity investing, often engaging in activist campaigns to unlock shareholder value. Since its launch in April 2012, Pershing Square Holdings has built a portfolio of high-conviction positions in a select group of publicly traded companies, predominantly in North America and Western Europe.

As a holding company, Pershing Square Holdings does not originate new funds but rather issues ordinary shares to investors seeking exposure to the flagship strategy of Pershing Square Capital.