Analysts Set PJT Partners Inc. (NYSE:PJT) Price Target at $123.80

Shares of PJT Partners Inc. (NYSE:PJT) have earned an average recommendation of “Reduce” from the six analysts that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $123.80.

A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods restated a “market perform” rating and set a $128.00 price objective (up previously from $108.00) on shares of PJT Partners in a research report on Wednesday, July 31st. JMP Securities boosted their price target on shares of PJT Partners from $142.00 to $150.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. The Goldman Sachs Group upped their price target on shares of PJT Partners from $115.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Finally, UBS Group lifted their price objective on shares of PJT Partners from $110.00 to $120.00 and gave the company a “sell” rating in a research report on Tuesday, October 8th.

PJT Partners Stock Performance

PJT Partners stock opened at $138.67 on Friday. PJT Partners has a 1 year low of $72.25 and a 1 year high of $151.10. The firm’s 50-day moving average is $132.11 and its 200-day moving average is $116.64. The company has a market cap of $3.33 billion, a P/E ratio of 38.20 and a beta of 0.61.

PJT Partners (NYSE:PJT) last issued its earnings results on Tuesday, July 30th. The financial services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.49. The company had revenue of $360.00 million during the quarter, compared to the consensus estimate of $281.93 million. PJT Partners had a return on equity of 18.04% and a net margin of 7.96%. PJT Partners’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.99 earnings per share. As a group, sell-side analysts predict that PJT Partners will post 4.35 earnings per share for the current year.

Insider Activity

In other PJT Partners news, Director Emily K. Rafferty sold 1,696 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $130.79, for a total transaction of $221,819.84. Following the sale, the director now directly owns 7,404 shares in the company, valued at approximately $968,369.16. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Ji-Yeun Lee sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $118.85, for a total transaction of $1,188,500.00. Following the completion of the sale, the insider now directly owns 61,433 shares of the company’s stock, valued at $7,301,312.05. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Emily K. Rafferty sold 1,696 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $130.79, for a total value of $221,819.84. Following the sale, the director now owns 7,404 shares of the company’s stock, valued at $968,369.16. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,297 shares of company stock valued at $3,092,668. Company insiders own 10.67% of the company’s stock.

Institutional Trading of PJT Partners

A number of hedge funds have recently bought and sold shares of the company. Champlain Investment Partners LLC purchased a new position in shares of PJT Partners during the first quarter valued at $43,029,000. Vanguard Group Inc. grew its stake in PJT Partners by 15.0% during the 4th quarter. Vanguard Group Inc. now owns 2,429,691 shares of the financial services provider’s stock valued at $247,513,000 after acquiring an additional 317,437 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of PJT Partners in the 2nd quarter valued at about $13,803,000. Congress Asset Management Co. increased its holdings in shares of PJT Partners by 29.6% in the 3rd quarter. Congress Asset Management Co. now owns 317,974 shares of the financial services provider’s stock valued at $42,399,000 after purchasing an additional 72,582 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of PJT Partners in the second quarter worth approximately $5,801,000. 89.23% of the stock is owned by hedge funds and other institutional investors.

PJT Partners Company Profile

PJT Partners Inc, an investment bank, provides various strategic and capital markets advisory, restructuring and special situations, and shareholder advisory services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers advisory services to clients on various transactions, including mergers and acquisitions (M&A), spin-offs, activism defense, contested M&A, joint ventures, minority investments, and divestitures.