PJT Partners (NYSE:PJT) Given New $152.00 Price Target at UBS Group

PJT Partners (NYSE:PJT) had its target price upped by equities researchers at UBS Group from $151.00 to $152.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. UBS Group’s price target suggests a potential upside of 3.53% from the company’s previous close.

Other analysts also recently issued research reports about the company. Keefe, Bruyette & Woods upgraded PJT Partners from a “market perform” rating to an “outperform” rating and cut their price target for the stock from $180.00 to $166.00 in a research note on Wednesday. The Goldman Sachs Group raised shares of PJT Partners from a “neutral” rating to a “buy” rating and set a $170.00 price objective on the stock in a research report on Wednesday, April 1st. Wall Street Zen downgraded shares of PJT Partners from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Wolfe Research reissued an “underperform” rating and set a $150.00 price objective on shares of PJT Partners in a research report on Wednesday, January 7th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of PJT Partners in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $170.50.

PJT Partners Stock Up 3.7%

Shares of NYSE:PJT traded up $5.17 during midday trading on Wednesday, reaching $146.82. The company’s stock had a trading volume of 457,882 shares, compared to its average volume of 344,443. The firm has a market capitalization of $3.55 billion, a P/E ratio of 22.11 and a beta of 0.88. The firm has a 50 day moving average of $147.46 and a 200-day moving average of $164.64. PJT Partners has a 12-month low of $122.99 and a 12-month high of $195.62.

PJT Partners (NYSE:PJT) last posted its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $2.55 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.14. The company had revenue of $535.16 million for the quarter, compared to the consensus estimate of $533.32 million. PJT Partners had a return on equity of 31.69% and a net margin of 10.51%.The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.90 EPS. On average, research analysts predict that PJT Partners will post 6.2 EPS for the current year.

Institutional Trading of PJT Partners

Institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its holdings 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 valued at $1,581,000 after acquiring an additional 3,596 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of PJT Partners by 57.7% during the 1st quarter. AQR Capital Management LLC now owns 7,330 shares of the financial services provider’s stock valued at $1,011,000 after acquiring an additional 2,681 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of PJT Partners by 4.7% during the 1st 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 acquiring an additional 620 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of PJT Partners by 1,394.5% during the 1st quarter. Millennium Management LLC now owns 52,563 shares of the financial services provider’s stock valued at $7,247,000 after acquiring an additional 49,046 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of PJT Partners by 5.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 370,536 shares of the financial services provider’s stock valued at $51,090,000 after acquiring an additional 19,806 shares during the last quarter. 89.23% of the stock is currently owned by hedge funds and other institutional investors.

About PJT Partners

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.