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 Wednesday . The stock traded as low as $48.10 and last traded at $48.30, with a volume of 33235 shares. The stock had previously closed at $49.2250.

Analysts Set New Price Targets

Several brokerages have recently commented on PSHZF. UBS Group set a $40.00 target price on shares of Pershing Square in a report on Tuesday, May 26th. Royal Bank Of Canada started coverage on Pershing Square in a research note on Tuesday, May 26th. They set a “sector perform” rating on the stock. Finally, Jefferies Financial Group raised Pershing Square to a “hold” rating in a report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $40.00.

Pershing Square Stock Down 1.4%

The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average of $51.63 and a two-hundred day moving average of $53.10.

About Pershing Square

Pershing Square Holdings, Ltd. is a closed-end investment holding company that seeks long-term capital appreciation by investing primarily in a concentrated portfolio of publicly traded companies. The company is managed by Pershing Square Capital Management, L.P., an investment adviser known for fundamental, research-driven investing and active engagement with portfolio companies.

Pershing Square typically invests in large, established businesses with durable competitive advantages, strong cash-flow characteristics and opportunities for operational or strategic improvement.