Party City Holdco (PRTY) Given a $20.00 Price Target at BMO Capital Markets
Party City Holdco (NYSE:PRTY) received a $20.00 price target from analysts at BMO Capital Markets in a note issued to investors on Monday. The brokerage currently has a “buy” rating on the specialty retailer’s stock. BMO Capital Markets’ price target would suggest a potential upside of 30.29% from the stock’s current price.
Other analysts also recently issued research reports about the company. ValuEngine raised Party City Holdco from a “hold” rating to a “buy” rating in a research note on Monday, December 4th. Telsey Advisory Group boosted their price objective on Party City Holdco from $16.00 to $17.00 and gave the stock an “outperform” rating in a research note on Saturday, December 30th. Zacks Investment Research raised Party City Holdco from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. Bank of America reissued a “neutral” rating and issued a $15.50 price objective (up previously from $13.50) on shares of Party City Holdco in a research note on Wednesday, December 27th. Finally, Stephens reissued a “buy” rating and issued a $23.00 price objective on shares of Party City Holdco in a research note on Tuesday, March 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $17.29.
Shares of Party City Holdco (NYSE:PRTY) opened at $15.35 on Monday. Party City Holdco has a 12 month low of $9.50 and a 12 month high of $17.05. The company has a quick ratio of 0.51, a current ratio of 1.64 and a debt-to-equity ratio of 1.43. The company has a market capitalization of $1,867.39, a price-to-earnings ratio of 8.39, a PEG ratio of 0.40 and a beta of 2.37.
In other news, major shareholder International Corp/Ma Advent sold 19,841,694 shares of the business’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $12.20, for a total transaction of $242,068,666.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gerald C. Rittenberg sold 100,000 shares of the business’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $14.00, for a total value of $1,400,000.00. The disclosure for this sale can be found here. Insiders have sold 20,041,694 shares of company stock worth $244,868,667 over the last ninety days. 5.02% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the company. ZWJ Investment Counsel Inc. acquired a new stake in shares of Party City Holdco during the fourth quarter worth $167,000. Stone Ridge Asset Management LLC acquired a new stake in shares of Party City Holdco during the fourth quarter worth $168,000. Voya Investment Management LLC acquired a new stake in shares of Party City Holdco during the second quarter worth $202,000. SG Americas Securities LLC acquired a new stake in shares of Party City Holdco during the third quarter worth $176,000. Finally, MetLife Investment Advisors LLC acquired a new stake in shares of Party City Holdco during the fourth quarter worth $191,000. 83.62% of the stock is currently owned by institutional investors.
Party City Holdco Company Profile
Party City Holdco Inc is a holding company with no operating assets or operations. As of December 31, 2016, the Company owned PC Nextco Holdings, LLC (PC Nextco), which owned PC Intermediate Holdings, Inc (PC Intermediate). As of December 31, 2016, PC Intermediate owned Party City Holdings Inc (PCHI).
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