Pershing Square (OTCMKTS:PSHZF) Upgraded to “Hold” at Jefferies Financial Group

Pershing Square (OTCMKTS:PSHZF – Get Free Report) was upgraded by equities research analysts at Jefferies Financial Group to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Several other equities research analysts have also recently issued reports on PSHZF. UBS Group set a $40.00 price objective on shares of Pershing Square in a research report on Tuesday. Royal Bank Of Canada started coverage on shares of Pershing Square in a research report on Tuesday. They set a “sector perform” rating on the stock. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $40.00.

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Pershing Square Stock Performance

OTCMKTS PSHZF opened at $55.87 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.49 and a current ratio of 2.49. Pershing Square has a 12 month low of $50.10 and a 12 month high of $68.25. The company’s 50 day moving average is $55.35 and its two-hundred day moving average is $59.87.

Pershing Square Company Profile

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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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