Pershing Square Inc. (NYSE:PS) Receives Consensus Recommendation of “Hold” from Analysts

Pershing Square Inc. (NYSE:PSGet Free Report) has been given a consensus recommendation of “Hold” by the ten research firms that are presently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $41.1250.

Several research firms recently commented on PS. Jefferies Financial Group started coverage on shares of Pershing Square in a research note on Monday, May 25th. They issued a “hold” rating and a $40.00 price target on the stock. Wall Street Zen lowered Pershing Square from a “hold” rating to a “sell” rating in a research note on Sunday, June 7th. Wells Fargo & Company assumed coverage on shares of Pershing Square in a research report on Tuesday, May 26th. They set an “equal weight” rating and a $37.00 price objective for the company. Loop Capital initiated coverage on Pershing Square in a research report on Tuesday, May 26th. They issued a “buy” rating and a $49.00 target price for the company. Finally, Citigroup dropped their price target on shares of Pershing Square from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Monday.

Get Our Latest Stock Analysis on Pershing Square

Insider Activity at Pershing Square

In other Pershing Square news, CEO William A. Ackman bought 800,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was acquired at an average price of $23.77 per share, with a total value of $19,016,000.00. Following the completion of the purchase, the chief executive officer directly owned 1,500,000 shares of the company’s stock, valued at approximately $35,655,000. This trade represents a 114.29% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 21.79% of the stock is currently owned by insiders.

Pershing Square Trading Up 5.4%

Shares of NYSE:PS opened at $35.97 on Wednesday. Pershing Square has a 12-month low of $22.01 and a 12-month high of $54.94. The stock’s 50 day moving average price is $36.07. The company has a market capitalization of $14.39 billion, a PE ratio of -40.21 and a beta of 2.27.

Pershing Square Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Monday, July 13th will be given a dividend of $0.122 per share. The ex-dividend date of this dividend is Monday, July 13th. This represents a $0.49 dividend on an annualized basis and a yield of 1.4%.

About Pershing Square

(Get Free Report)

Pershing Square (NYSE: PS) is a publicly traded investment holding company managed by Pershing Square Capital Management, L.P., the investment firm founded and led by William “Bill” Ackman. The vehicle provides outside investors with exposure to the firm’s concentrated, actively managed investment program and is designed to deliver long‑term capital appreciation through a portfolio of equity and related positions.

The company’s principal activities center on investing in publicly traded companies, typically through concentrated long equity positions and selectively using derivatives or other instruments for hedging or to implement investment views.

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Analyst Recommendations for Pershing Square (NYSE:PS)

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