PJT Partners (NYSE:PJT) Rating Lowered to Hold at Wall Street Zen

PJT Partners (NYSE:PJT) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other equities analysts also recently weighed in on PJT. UBS Group assumed coverage on PJT Partners in a research report on Thursday, December 11th. They set a “neutral” rating and a $180.00 target price on the stock. Zacks Research cut PJT Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Keefe, Bruyette & Woods upped their price objective on shares of PJT Partners from $186.00 to $188.00 and gave the company a “market perform” rating in a research note on Thursday, January 8th. Wolfe Research reiterated an “underperform” rating and set a $150.00 price objective on shares of PJT Partners in a report on Wednesday, January 7th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of PJT Partners in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $179.50.

PJT Partners Price Performance

PJT Partners stock opened at $144.10 on Friday. PJT Partners has a 12-month low of $119.76 and a 12-month high of $195.62. The stock has a market capitalization of $3.50 billion, a P/E ratio of 21.70 and a beta of 0.85. The firm’s 50-day moving average is $166.70 and its two-hundred day moving average is $171.61.

PJT Partners (NYSE:PJT) last posted its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $2.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.41 by $0.14. The business had revenue of $535.16 million during the quarter, compared to analyst estimates of $533.32 million. PJT Partners had a net margin of 10.51% and a return on equity of 31.69%. The company’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.90 earnings per share. As a group, analysts forecast that PJT Partners will post 6.2 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. CWM LLC grew its stake in PJT Partners by 50.8% during the third quarter. CWM LLC now owns 181 shares of the financial services provider’s stock worth $32,000 after buying an additional 61 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of PJT Partners in the third quarter worth $33,000. Salomon & Ludwin LLC purchased a new position in shares of PJT Partners in the 3rd quarter valued at $41,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of PJT Partners by 75.9% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 285 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 123 shares during the period. Finally, Allworth Financial LP lifted its holdings in shares of PJT Partners by 85.8% during the 4th quarter. Allworth Financial LP now owns 288 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 89.23% of the company’s stock.

PJT Partners Company Profile

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.