PJT Partners (NYSE:PJT) Earns Hold (C+) Rating from Weiss Ratings

Key Points

• PJT Partners has been restated with a "Hold (C+)" rating by Weiss Ratings, while Keefe, Bruyette & Woods increased their target price from $161.00 to $199.00.
• The company's stock has seen a 3.0% decline, opening at $171.30, and has an average target price of $193.00 based on analysts' ratings.
• PJT Partners reported $1.54 EPS for the last quarter, exceeding expectations, and had a 13.0% increase in revenue compared to the previous year.

PJT Partners (NYSE:PJT - Get Free Report)'s stock had its "hold (c+)" rating restated by research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Other equities analysts have also issued research reports about the company. Keefe, Bruyette & Woods increased their target price on PJT Partners from $161.00 to $199.00 and gave the stock a "market perform" rating in a research note on Monday, July 14th. Wolfe Research reiterated an "underperform" rating on shares of PJT Partners in a research note on Thursday, July 10th. Finally, BMO Capital Markets started coverage on PJT Partners in a research note on Friday, October 3rd. They set an "outperform" rating and a $205.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, PJT Partners presently has an average rating of "Hold" and a consensus target price of $193.00.

PJT Partners Stock Down 3.0%

NYSE:PJT opened at $171.30 on Wednesday. The stock's 50 day moving average price is $180.17 and its two-hundred day moving average price is $161.93. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 29.43 and a beta of 0.76. PJT Partners has a 12-month low of $119.76 and a 12-month high of $190.27.

PJT Partners (NYSE:PJT - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.18. The firm had revenue of $731.09 billion for the quarter, compared to analyst estimates of $343.11 million. PJT Partners had a return on equity of 25.61% and a net margin of 10.45%.The business's revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.19 earnings per share. Equities research analysts expect that PJT Partners will post 6.2 EPS for the current year.

Insider Buying and Selling

In related news, General Counsel David Adam Travin sold 2,288 shares of the stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $178.06, for a total transaction of $407,401.28. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Grace Reksten Skaugen sold 1,504 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $176.89, for a total value of $266,042.56. Following the sale, the director directly owned 500 shares in the company, valued at $88,445. This represents a 75.05% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 11.75% of the company's stock.

Institutional Investors Weigh In On PJT Partners

A number of large investors have recently modified their holdings of PJT. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of PJT Partners in the 4th quarter valued at $201,000. Harbor Capital Advisors Inc. acquired a new stake in shares of PJT Partners in the 1st quarter valued at $1,034,000. GAMMA Investing LLC boosted its holdings in shares of PJT Partners by 33.4% in the 1st quarter. GAMMA Investing LLC now owns 595 shares of the financial services provider's stock valued at $82,000 after purchasing an additional 149 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of PJT Partners in the 1st quarter valued at $3,788,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of PJT Partners in the 1st quarter valued at $39,000. Institutional investors and hedge funds own 89.23% of the company's stock.

PJT Partners Company Profile

PJT Partners Inc, an investment bank, provides various strategic and capital markets advisory, restructuring and special situations, and shareholder advisory services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers advisory services to clients on various transactions, including mergers and acquisitions (M&A), spin-offs, activism defense, contested M&A, joint ventures, minority investments, and divestitures.

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