Pershing Square (OTCMKTS:PSHZF) Upgraded to “Hold” at Jefferies Financial Group

Pershing Square (OTCMKTS:PSHZF) was upgraded by equities researchers at Jefferies Financial Group to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

PSHZF has been the subject of several other reports. UBS Group set a $40.00 price objective on Pershing Square in a report on Tuesday, May 26th. Royal Bank Of Canada initiated coverage on Pershing Square in a report on Tuesday, May 26th. They set a “sector perform” rating for the company. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $40.00.

Pershing Square Trading Up 0.0%

PSHZF stock opened at $50.52 on Tuesday. The company has a 50 day moving average of $53.18 and a two-hundred day moving average of $57.22. Pershing Square has a 12-month low of $48.12 and a 12-month high of $68.25. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 0.24.

About Pershing Square

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) is a Guernsey-registered closed-ended investment company that offers public investors access to the concentrated investment strategy of Pershing Square Capital Management, L.P. Founded by William “Bill” Ackman, the firm employs a value-oriented, fundamental approach to equity investing, often engaging in activist campaigns to unlock shareholder value. Since its launch in April 2012, Pershing Square Holdings has built a portfolio of high-conviction positions in a select group of publicly traded companies, predominantly in North America and Western Europe.

As a holding company, Pershing Square Holdings does not originate new funds but rather issues ordinary shares to investors seeking exposure to the flagship strategy of Pershing Square Capital.