Pershing Square (OTCMKTS:PSHZF) Sets New 12-Month Low – Should You Sell?

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

Analysts Set New Price Targets

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

Pershing Square Price Performance

The company has a debt-to-equity ratio of 0.24, a current ratio of 2.49 and a quick ratio of 2.49. The business has a 50 day moving average price of $54.94 and a two-hundred day moving average price of $58.51.

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.