PJT Partners (NYSE:PJT) Given New $188.00 Price Target at Keefe, Bruyette & Woods

PJT Partners (NYSE:PJT) had its target price raised by investment analysts at Keefe, Bruyette & Woods from $186.00 to $188.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 4.20% from the stock’s current price.

A number of other brokerages also recently weighed in on PJT. Weiss Ratings reiterated a “hold (c+)” rating on shares of PJT Partners in a report on Wednesday, October 8th. Evercore ISI set a $180.00 price target on PJT Partners in a report on Monday, October 13th. Wolfe Research reiterated an “underperform” rating and issued a $150.00 price objective on shares of PJT Partners in a research note on Wednesday. Wall Street Zen upgraded shares of PJT Partners from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Zacks Research lowered shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $180.60.

PJT Partners Stock Performance

Shares of NYSE:PJT traded up $0.56 during trading on Thursday, reaching $180.43. The stock had a trading volume of 58,280 shares, compared to its average volume of 196,511. PJT Partners has a 52 week low of $119.76 and a 52 week high of $190.27. The firm’s fifty day moving average is $169.14 and its 200 day moving average is $174.89. The stock has a market cap of $4.39 billion, a price-to-earnings ratio of 27.80 and a beta of 0.84.

PJT Partners (NYSE:PJT) last issued its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.61. PJT Partners had a net margin of 10.75% and a return on equity of 29.66%. The business had revenue of $447.09 million for the quarter, compared to analysts’ expectations of $386.76 million. On average, research analysts forecast that PJT Partners will post 6.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PJT Partners

Institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada increased its stake in shares of PJT Partners by 45.7% during the 1st quarter. Royal Bank of Canada now owns 11,471 shares of the financial services provider’s stock worth $1,581,000 after purchasing an additional 3,596 shares during the last quarter. AQR Capital Management LLC grew its holdings in PJT Partners by 57.7% during the first quarter. AQR Capital Management LLC now owns 7,330 shares of the financial services provider’s stock valued at $1,011,000 after purchasing an additional 2,681 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in PJT Partners by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,887 shares of the financial services provider’s stock valued at $1,915,000 after purchasing an additional 620 shares during the period. Millennium Management LLC increased its position in PJT Partners by 1,394.5% in the first quarter. Millennium Management LLC now owns 52,563 shares of the financial services provider’s stock worth $7,247,000 after buying an additional 49,046 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of PJT Partners by 5.6% in the first quarter. Goldman Sachs Group Inc. now owns 370,536 shares of the financial services provider’s stock valued at $51,090,000 after buying an additional 19,806 shares during the period. Institutional investors and hedge funds own 89.23% of the company’s stock.

PJT Partners Company Profile

PJT Partners is a global advisory-focused investment bank that delivers strategic advisory, restructuring and special situations, and capital solutions to corporations, partnerships, and governments. The firm operates through three primary business segments: Strategic Advisory, which covers mergers and acquisitions, shareholder advisory, and capital markets advisory; Restructuring and Special Situations, which provides advice on debt and liability management, distressed mergers and acquisitions, and financial restructurings; and Park Hill, the firm’s dedicated capital-raising and secondary advisory business for private equity, real estate, hedge funds, and infrastructure.

The Strategic Advisory practice at PJT Partners assists clients with complex transactions such as cross-border mergers, spin-offs, divestitures, and takeover defenses, drawing on deep industry expertise and global reach.