Pershing Square Inc. (NYSE:PS) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Pershing Square has a consensus “Hold” rating from 12 brokerages: eight analysts recommend holding, three recommend buying, and one recommends selling. The average 12-month price target is $40.56.
• Recent coverage has been mixed, with price targets ranging from $34 at Wells Fargo to $49 at Loop Capital; UBS and Bank of America both initiated coverage with “neutral” ratings.
• Shares opened at $38.03 after recently trading up 1.1%, while the company paid a quarterly dividend of $0.122 per share, equivalent to an annualized $0.49 dividend and a 1.3% yield.

Pershing Square Inc. (NYSE:PS - Get Free Report) has been assigned an average rating of "Hold" from the twelve ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $40.5556.

PS has been the subject of several recent analyst reports. Weiss Ratings initiated coverage on Pershing Square in a research report on Tuesday, July 28th. They set a "sell (d)" rating for the company. UBS Group initiated coverage on shares of Pershing Square in a report on Tuesday, May 26th. They set a "neutral" rating and a $39.00 price target on the stock. Bank of America initiated coverage on Pershing Square in a research note on Tuesday, May 26th. They issued a "neutral" rating and a $42.00 price objective on the stock. Loop Capital began coverage on shares of Pershing Square in a research report on Tuesday, May 26th. They set a "buy" rating and a $49.00 price target on the stock. Finally, Wells Fargo & Company reduced their price objective on shares of Pershing Square from $37.00 to $34.00 and set an "equal weight" rating for the company in a research report on Monday, July 20th.

Pershing Square Trading Up 1.1%

Shares of PS opened at $38.03 on Friday. The stock's 50 day simple moving average is $34.37. Pershing Square has a 12 month low of $22.01 and a 12 month high of $54.94.

Pershing Square Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Monday, July 13th were issued a dividend of $0.122 per share. This represents a $0.49 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Monday, July 13th.

Pershing Square Company Profile

Pershing Square NYSE: PS is a publicly traded investment holding company managed by Pershing Square Capital Management, L.P., the investment firm founded and led by William "Bill" Ackman. The vehicle provides outside investors with exposure to the firm's concentrated, actively managed investment program and is designed to deliver long‑term capital appreciation through a portfolio of equity and related positions.

The company's principal activities center on investing in publicly traded companies, typically through concentrated long equity positions and selectively using derivatives or other instruments for hedging or to implement investment views.

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