PJT Partners (NYSE:PJT) Raised to “Buy” at Sandler O’Neill

Sandler O’Neill upgraded shares of PJT Partners (NYSE:PJT) from a hold rating to a buy rating in a report published on Wednesday, Briefing.com Automated Import reports.

A number of other equities research analysts have also issued reports on the company. ValuEngine upgraded PJT Partners from a sell rating to a hold rating in a research note on Wednesday. Zacks Investment Research lowered PJT Partners from a hold rating to a sell rating in a research note on Friday, July 19th. Finally, Buckingham Research cut their price target on PJT Partners from $49.00 to $42.00 and set a neutral rating for the company in a research note on Thursday, July 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $56.00.

PJT stock traded down $0.80 during trading on Wednesday, reaching $41.36. The company’s stock had a trading volume of 39,839 shares, compared to its average volume of 116,694. PJT Partners has a 1 year low of $35.28 and a 1 year high of $61.18. The company has a quick ratio of 5.13, a current ratio of 5.13 and a debt-to-equity ratio of 0.38. The firm has a market cap of $1.00 billion, a P/E ratio of 21.65, a P/E/G ratio of 0.70 and a beta of 1.26. The company has a fifty day moving average price of $39.23.

PJT Partners (NYSE:PJT) last issued its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.27. PJT Partners had a return on equity of 15.66% and a net margin of 4.01%. The business had revenue of $166.70 million during the quarter.

Several institutional investors have recently modified their holdings of PJT. Ropes Wealth Advisors LLC acquired a new position in shares of PJT Partners in the first quarter worth about $42,000. Aperio Group LLC purchased a new stake in shares of PJT Partners in the 2nd quarter valued at approximately $53,000. Pittenger & Anderson Inc. increased its position in shares of PJT Partners by 5,639.1% in the 1st quarter. Pittenger & Anderson Inc. now owns 1,320 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 1,297 shares during the last quarter. Advisor Group Inc. increased its position in shares of PJT Partners by 49.3% in the 4th quarter. Advisor Group Inc. now owns 2,415 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 797 shares during the last quarter. Finally, Parallel Advisors LLC grew its position in shares of PJT Partners by 40.5% in the 1st quarter. Parallel Advisors LLC now owns 2,583 shares of the financial services provider’s stock valued at $108,000 after buying an additional 745 shares during the last quarter. Hedge funds and other institutional investors own 62.17% of the company’s stock.

About PJT Partners

PJT Partners Inc, an investment bank, provides various strategic advisory, shareholder engagement, restructuring and special situations, and private fund advisory and placement services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers a range of financial advisory and transaction execution capability, including mergers and acquisitions, joint ventures, minority investments, asset swaps, divestitures, takeover defenses, corporate finance advisory, private placements, and distressed sales.

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