Pershing Square (OTCMKTS:PSHZF) Hits New 1-Year Low – Time to Sell?

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF)’s stock price reached a new 52-week low on Tuesday . The company traded as low as $49.00 and last traded at $49.00, with a volume of 3551 shares changing hands. The stock had previously closed at $50.53.

Analysts Set New Price Targets

PSHZF has been the subject of several analyst reports. UBS Group set a $40.00 price target on shares of Pershing Square in a report on Tuesday, May 26th. Jefferies Financial Group raised shares of Pershing Square to a “hold” rating in a research note on Tuesday, May 26th. Finally, Royal Bank Of Canada started coverage on shares of Pershing Square in a research report on Tuesday, May 26th. They set a “sector perform” rating for the company. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $40.00.

Pershing Square Stock Performance

The firm has a 50-day moving average of $54.68 and a 200 day moving average of $58.28. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.49 and a current ratio of 2.49.

About Pershing Square

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) is a Guernsey-registered closed-ended investment company that offers public investors access to the concentrated investment strategy of Pershing Square Capital Management, L.P. Founded by William “Bill” Ackman, the firm employs a value-oriented, fundamental approach to equity investing, often engaging in activist campaigns to unlock shareholder value. Since its launch in April 2012, Pershing Square Holdings has built a portfolio of high-conviction positions in a select group of publicly traded companies, predominantly in North America and Western Europe.

As a holding company, Pershing Square Holdings does not originate new funds but rather issues ordinary shares to investors seeking exposure to the flagship strategy of Pershing Square Capital.