Pershing Square (OTCMKTS:PSHZF) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $51.51 and traded as high as $52.03. Pershing Square shares last traded at $52.03, with a volume of 5,367 shares.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PSHZF. UBS Group set a $40.00 price target on Pershing Square in a research report on Tuesday, May 26th. Royal Bank Of Canada assumed coverage on Pershing Square in a research report on Tuesday, May 26th. They issued a “sector perform” rating for the company. Finally, Jefferies Financial Group upgraded Pershing Square to a “hold” rating in a research note on Tuesday, July 7th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $40.00.

Pershing Square Stock Up 2.3%

The business’s 50 day moving average is $51.51 and its 200 day moving average is $55.50. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.49 and a quick ratio of 2.49.

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.