Somewhat Positive Media Coverage Somewhat Unlikely to Impact PJT Partners (PJT) Stock Price
News stories about PJT Partners (NYSE:PJT) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. PJT Partners earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 48.3398913675126 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
PJT has been the topic of a number of recent research reports. Buckingham Research initiated coverage on PJT Partners in a research note on Wednesday, January 3rd. They set a “neutral” rating and a $51.00 price objective on the stock. Zacks Investment Research raised PJT Partners from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. Finally, Sandler O’Neill set a $55.00 price objective on PJT Partners and gave the stock a “buy” rating in a research note on Thursday, January 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $48.60.
Shares of PJT Partners (NYSE PJT) traded down $0.49 during trading on Thursday, hitting $47.75. The stock had a trading volume of 34,345 shares, compared to its average volume of 124,137. PJT Partners has a twelve month low of $32.61 and a twelve month high of $50.35. The firm has a market cap of $885.69, a price-to-earnings ratio of -27.61, a PEG ratio of 0.83 and a beta of 0.41.
PJT Partners declared that its Board of Directors has approved a stock buyback plan on Tuesday, October 31st that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Wednesday, March 7th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Tuesday, March 6th. PJT Partners’s dividend payout ratio (DPR) is presently -11.49%.
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About PJT Partners
PJT Partners Inc is an advisory-focused investment bank. The Company offers an array of strategic advisory, restructuring and special situations and private fund advisory and placement services to corporations, financial sponsors, institutional investors and governments. It provides, through Park Hill Group, private fund advisory and placement services for alternative investment managers, including private equity funds, real estate funds and hedge funds.
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