PJT Partners (NYSE:PJT) Rating Lowered to Hold at StockNews.com

PJT Partners (NYSE:PJT – Get Rating) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

Separately, Keefe, Bruyette & Woods upped their price target on PJT Partners from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 3rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $84.40.

PJT Partners Price Performance

Shares of NYSE:PJT opened at $78.70 on Wednesday. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 20.28 and a beta of 0.76. The business’s 50-day moving average is $76.66 and its 200-day moving average is $72.71. PJT Partners has a 1 year low of $54.48 and a 1 year high of $81.41.

PJT Partners (NYSE:PJT – Get Rating) last announced its quarterly earnings data on Tuesday, October 25th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.09. The company had revenue of $266.09 million for the quarter, compared to the consensus estimate of $235.00 million. PJT Partners had a return on equity of 27.17% and a net margin of 9.53%. Analysts anticipate that PJT Partners will post 4.2 EPS for the current year.

Institutional Trading of PJT Partners

Several institutional investors and hedge funds have recently modified their holdings of the stock. Prudential Financial Inc. raised its stake in shares of PJT Partners by 4.1% in the second quarter. Prudential Financial Inc. now owns 3,853 shares of the financial services provider’s stock worth $274,000 after purchasing an additional 150 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of PJT Partners by 3.1% in the third quarter. Victory Capital Management Inc. now owns 5,849 shares of the financial services provider’s stock valued at $391,000 after acquiring an additional 176 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of PJT Partners by 3.2% in the third quarter. Exchange Traded Concepts LLC now owns 6,308 shares of the financial services provider’s stock valued at $422,000 after acquiring an additional 193 shares in the last quarter. Strs Ohio grew its holdings in shares of PJT Partners by 1.5% in the third quarter. Strs Ohio now owns 13,200 shares of the financial services provider’s stock valued at $882,000 after acquiring an additional 200 shares in the last quarter. Finally, Petrus Trust Company LTA grew its holdings in shares of PJT Partners by 6.0% in the third quarter. Petrus Trust Company LTA now owns 3,720 shares of the financial services provider’s stock valued at $249,000 after acquiring an additional 209 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

PJT Partners Company Profile

(Get Rating)

PJT Partners Inc, an investment bank, provides various strategic and capital markets advisory, restructuring and special situations, and shareholder advisory services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers advisory services to clients on various transactions, including mergers and acquisitions (M&A), spin-offs, activism defense, contested M&A, joint ventures, minority investments, and divestitures.