Pershing Square Inc. (NYSE:PS – Get 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
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
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.
See Also
- Five stocks we like better than Pershing Square
- Why Fastenal’s Latest Drop Could Be Its Biggest Opportunity Yet
- 3 Overlooked Energy ETFs Delivering Strong Returns and Income
- 3 Space Stocks That Could Outshine SpaceX After Its IPO
- JPMorgan’s Q2 Strength Gives the Stock Rally New Support
Receive News & Ratings for Pershing Square Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pershing Square and related companies with MarketBeat.com's FREE daily email newsletter.
