JPMorgan Chase & Co. Lowers Patria Investments (NYSE:PAX) Price Target to $16.00

Patria Investments (NYSE:PAX) had its price target decreased by JPMorgan Chase & Co. from $17.00 to $16.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 28.51% from the company’s current price.

Several other equities analysts also recently weighed in on PAX. The Goldman Sachs Group increased their target price on Patria Investments from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Zacks Research downgraded Patria Investments from a “strong-buy” rating to a “hold” rating in a research report on Monday. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $18.00.

Patria Investments Stock Performance

NYSE PAX opened at $12.45 on Wednesday. The business’s 50-day moving average price is $12.80 and its 200 day moving average price is $14.48. Patria Investments has a twelve month low of $9.62 and a twelve month high of $17.80. The company has a market capitalization of $828.21 million, a PE ratio of 24.90, a price-to-earnings-growth ratio of 1.28 and a beta of 0.73. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31.

Hedge Funds Weigh In On Patria Investments

A number of large investors have recently modified their holdings of PAX. State of Alaska Department of Revenue purchased a new position in shares of Patria Investments in the 3rd quarter worth about $38,000. State of Wyoming purchased a new position in shares of Patria Investments in the 3rd quarter worth about $63,000. Advisory Services Network LLC purchased a new position in shares of Patria Investments in the 3rd quarter worth about $73,000. Kemnay Advisory Services Inc. purchased a new position in shares of Patria Investments in the 4th quarter worth about $94,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Patria Investments by 52.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,148 shares of the company’s stock worth $115,000 after purchasing an additional 2,818 shares during the period. 96.27% of the stock is currently owned by hedge funds and other institutional investors.

Patria Investments Company Profile

Patria Investments Limited (NYSE: PAX) is a Brazil-based alternative asset management firm specializing in private equity, infrastructure, real estate and credit investments. Since its founding in 1988, the firm has focused on identifying and partnering with high-potential companies and projects across Latin America. Patria’s investment approach combines local market expertise with global best practices to structure and manage portfolios that aim to deliver long-term value to institutional and high-net-worth clients.

The company’s core business activities include private equity funds targeting mid-market and large-cap buyouts, infrastructure funds investing in essential assets such as energy and transportation, real estate strategies encompassing residential, commercial and logistics properties, and credit funds that provide financing solutions across the capital structure.