Partners Group (OTCMKTS:PGPHF) Shares Gap Down – Here’s Why

Partners Group Holding AG (OTCMKTS:PGPHF)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $860.00, but opened at $834.5952. Partners Group shares last traded at $834.5952, with a volume of 3 shares.

Analysts Set New Price Targets

PGPHF has been the topic of a number of recent analyst reports. UBS Group cut shares of Partners Group from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 8th. Citigroup downgraded shares of Partners Group from a “buy” rating to a “sell” rating in a research note on Monday, April 13th. Oddo Bhf lowered shares of Partners Group to a “neutral” rating in a report on Monday, June 8th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Partners Group in a research report on Monday, June 22nd. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Partners Group Stock Performance

The company has a market capitalization of $21.66 billion and a price-to-earnings ratio of 20,880.00. The firm has a 50-day simple moving average of $945.49 and a two-hundred day simple moving average of $1,094.44.

Partners Group (OTCMKTS:PGPHF) last issued its quarterly earnings results on Friday, May 15th. The company reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $11.20 million for the quarter.

Partners Group Company Profile

Partners Group Holding AG (OTCMKTS: PGPHF) is a global private markets investment manager that specializes in private equity, private debt, private real estate and private infrastructure. The firm develops tailored investment solutions for institutional investors, sovereign wealth funds, family offices and high-net-worth individuals. Its services include direct investments, primary fund commitments and secondary market transactions, as well as customized portfolio and advisory offerings.

Founded in 1996 and headquartered in Baar, Switzerland, Partners Group completed its initial public offering on the SIX Swiss Exchange in 2006.