PJT Partners Inc. (NYSE:PJT) Receives $186.75 Average Target Price from Analysts

by · The Markets Daily

PJT Partners Inc. (NYSE:PJT – Get Free Report) has been assigned a consensus rating of “Hold” from the eight brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a strong buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $187.75.

Several research firms have recently weighed in on PJT. Wall Street Zen raised shares of PJT Partners from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. BMO Capital Markets began coverage on PJT Partners in a research report on Friday, October 3rd. They set an “outperform” rating and a $205.00 target price for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of PJT Partners in a report on Wednesday, October 8th. UBS Group started coverage on PJT Partners in a research note on Thursday, December 11th. They set a “neutral” rating and a $180.00 price target on the stock. Finally, Keefe, Bruyette & Woods lifted their price objective on PJT Partners from $182.00 to $186.00 and gave the company a “market perform” rating in a report on Wednesday.

Get Our Latest Stock Report on PJT Partners

Hedge Funds Weigh In On PJT Partners

A number of large investors have recently bought and sold shares of PJT. Geode Capital Management LLC boosted its position in PJT Partners by 2.5% during the 2nd quarter. Geode Capital Management LLC now owns 674,958 shares of the financial services provider’s stock valued at $111,387,000 after acquiring an additional 16,591 shares in the last quarter. Congress Asset Management Co. lifted its stake in shares of PJT Partners by 5.4% during the 3rd quarter. Congress Asset Management Co. now owns 531,378 shares of the financial services provider’s stock worth $94,442,000 after purchasing an additional 27,232 shares during the last quarter. Alliancebernstein L.P. boosted its position in PJT Partners by 9.8% during the second quarter. Alliancebernstein L.P. now owns 528,689 shares of the financial services provider’s stock valued at $87,239,000 after purchasing an additional 47,279 shares in the last quarter. Invesco Ltd. grew its stake in PJT Partners by 106.7% in the second quarter. Invesco Ltd. now owns 520,056 shares of the financial services provider’s stock valued at $85,814,000 after purchasing an additional 268,435 shares during the last quarter. Finally, Raymond James Financial Inc. raised its holdings in PJT Partners by 6.7% in the second quarter. Raymond James Financial Inc. now owns 490,566 shares of the financial services provider’s stock worth $80,948,000 after purchasing an additional 30,860 shares in the last quarter. Institutional investors own 89.23% of the company’s stock.

PJT Partners Trading Down 0.1%

NYSE:PJT opened at $167.96 on Wednesday. The company has a market cap of $4.08 billion, a price-to-earnings ratio of 25.84 and a beta of 0.85. PJT Partners has a twelve month low of $119.76 and a twelve month high of $190.27. The stock has a fifty day simple moving average of $170.38 and a 200-day simple moving average of $173.03.

PJT Partners (NYSE:PJT – Get Free Report) last posted its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $1.85 EPS for the quarter, topping the consensus estimate of $1.24 by $0.61. The company had revenue of $447.09 million for the quarter, compared to the consensus estimate of $386.76 million. PJT Partners had a net margin of 10.75% and a return on equity of 29.66%. As a group, equities research analysts predict that PJT Partners will post 6.2 EPS for the current fiscal year.

PJT Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Wednesday, December 3rd. PJT Partners’s dividend payout ratio is presently 15.38%.

PJT Partners Company Profile

(Get Free Report)

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.

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