Pershing Square (OTCMKTS:PSHZF) Hits New 12-Month Low – What’s Next?

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZFGet Free Report)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $48.12 and last traded at $48.3170, with a volume of 28803 shares. The stock had previously closed at $49.47.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. UBS Group set a $40.00 price target on shares of Pershing Square in a research report on Tuesday, May 26th. Royal Bank Of Canada started coverage on Pershing Square in a research report on Tuesday, May 26th. They issued a “sector perform” rating for the company. Finally, Jefferies Financial Group raised Pershing Square to a “hold” rating in a research note on Tuesday, May 26th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Pershing Square presently has an average rating of “Hold” and a consensus target price of $40.00.

Get Our Latest Stock Analysis on Pershing Square

Pershing Square Stock Down 1.0%

The firm has a 50-day moving average of $54.16 and a two-hundred day moving average of $57.91. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.49 and a quick ratio of 2.49.

About Pershing Square

(Get Free Report)

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.

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