Shares of PJT Partners Inc (NYSE:PJT) have received an average recommendation of “Hold” from the seven analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $52.33.
PJT has been the topic of several analyst reports. Sandler O’Neill raised shares of PJT Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Buckingham Research dropped their target price on shares of PJT Partners from $49.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, July 11th. ValuEngine raised shares of PJT Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, July 31st. Finally, Zacks Investment Research downgraded shares of PJT Partners from a “hold” rating to a “sell” rating in a research report on Friday, July 19th.
Shares of PJT Partners stock traded down $0.11 during trading on Monday, hitting $39.67. The stock had a trading volume of 83,800 shares, compared to its average volume of 133,983. The stock’s 50 day simple moving average is $39.10. The stock has a market cap of $943.58 million, a P/E ratio of 20.77 and a beta of 1.26. The company has a quick ratio of 5.13, a current ratio of 3.77 and a debt-to-equity ratio of 0.36. PJT Partners has a 1 year low of $35.28 and a 1 year high of $61.18.
PJT Partners (NYSE:PJT) last released its earnings results on Tuesday, July 30th. The financial services provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.27. The business had revenue of $166.70 million for the quarter. PJT Partners had a net margin of 3.43% and a return on equity of 15.48%.
A number of institutional investors and hedge funds have recently made changes to their positions in PJT. Bank of New York Mellon Corp lifted its stake in PJT Partners by 167.1% in the second quarter. Bank of New York Mellon Corp now owns 924,471 shares of the financial services provider’s stock valued at $37,460,000 after acquiring an additional 578,358 shares during the last quarter. Clearbridge Investments LLC lifted its stake in PJT Partners by 411,354.7% in the first quarter. Clearbridge Investments LLC now owns 308,591 shares of the financial services provider’s stock valued at $12,899,000 after acquiring an additional 308,516 shares during the last quarter. Millennium Management LLC lifted its stake in PJT Partners by 1,435.8% in the fourth quarter. Millennium Management LLC now owns 172,250 shares of the financial services provider’s stock valued at $6,676,000 after acquiring an additional 161,034 shares during the last quarter. Spark Investment Management LLC lifted its stake in PJT Partners by 577.2% in the first quarter. Spark Investment Management LLC now owns 92,100 shares of the financial services provider’s stock valued at $3,849,000 after acquiring an additional 78,500 shares during the last quarter. Finally, Eos Focused Equity Management L.P. acquired a new stake in PJT Partners in the first quarter valued at approximately $2,772,000. 62.14% of the stock is currently owned by hedge funds and other institutional investors.
PJT Partners Company Profile
PJT Partners Inc, an investment bank, provides various strategic advisory, shareholder engagement, restructuring and special situations, and private fund advisory and placement services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers a range of financial advisory and transaction execution capability, including mergers and acquisitions, joint ventures, minority investments, asset swaps, divestitures, takeover defenses, corporate finance advisory, private placements, and distressed sales.
Read More: How To Calculate Debt-to-Equity Ratio
Receive News & Ratings for PJT Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PJT Partners and related companies with MarketBeat.com's FREE daily email newsletter.