Pershing Square (OTCMKTS:PSHZF) Hits New 12-Month Low – What’s Next?

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $48.12 and last traded at $48.3170, with a volume of 28803 shares trading hands. The stock had previously closed at $49.47.

Analyst Ratings Changes

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

Pershing Square Stock Performance

The company has a fifty day moving average of $54.16 and a 200-day moving average of $57.91. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.24.

About Pershing Square

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.