PJT Partners (NYSE:PJT) Stock Price Expected to Rise, UBS Group Analyst Says

PJT Partners (NYSE:PJT) had its target price boosted by equities researchers at UBS Group from $151.00 to $152.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. UBS Group’s price target suggests a potential upside of 1.33% from the company’s previous close.

A number of other research firms have also weighed in on PJT. Zacks Research lowered shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Wolfe Research reissued an “underperform” rating and issued a $150.00 target price on shares of PJT Partners in a report on Wednesday, January 7th. Wall Street Zen lowered shares of PJT Partners from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. The Goldman Sachs Group raised shares of PJT Partners from a “neutral” rating to a “buy” rating and set a $170.00 target price for the company in a report on Wednesday, April 1st. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of PJT Partners in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, PJT Partners presently has a consensus rating of “Hold” and a consensus target price of $170.50.

PJT Partners Price Performance

Shares of PJT opened at $150.00 on Wednesday. PJT Partners has a 1 year low of $124.50 and a 1 year high of $195.62. The company has a 50 day simple moving average of $146.34 and a two-hundred day simple moving average of $164.42. The firm has a market cap of $3.63 billion, a P/E ratio of 22.59 and a beta of 0.88.

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

Institutional Trading of PJT Partners

Several institutional investors and hedge funds have recently made changes to their positions in PJT. Royal Bank of Canada lifted its position in shares of PJT Partners by 45.7% during the first quarter. Royal Bank of Canada now owns 11,471 shares of the financial services provider’s stock worth $1,581,000 after purchasing an additional 3,596 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of PJT Partners by 57.7% during the first quarter. AQR Capital Management LLC now owns 7,330 shares of the financial services provider’s stock worth $1,011,000 after purchasing an additional 2,681 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of PJT Partners by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,887 shares of the financial services provider’s stock worth $1,915,000 after purchasing an additional 620 shares during the last quarter. Millennium Management LLC lifted its position in shares of PJT Partners by 1,394.5% during the first quarter. Millennium Management LLC now owns 52,563 shares of the financial services provider’s stock worth $7,247,000 after purchasing an additional 49,046 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of PJT Partners by 5.6% during the first quarter. Goldman Sachs Group Inc. now owns 370,536 shares of the financial services provider’s stock worth $51,090,000 after purchasing an additional 19,806 shares during the last quarter. 89.23% of the stock is currently owned by institutional investors.

About PJT Partners

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.