Pershing Square (NYSE:PS – Get Free Report) had its price target boosted by Tigress Financial from $41.00 to $54.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Tigress Financial‘s price objective would indicate a potential upside of 7.40% from the company’s current price.
PS has been the topic of a number of other research reports. Royal Bank Of Canada lifted their price objective on shares of Pershing Square from $44.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Wells Fargo & Company decreased their target price on shares of Pershing Square from $41.00 to $40.00 and set an “underweight” rating for the company in a research report on Thursday, October 15th. JonesTrading cut shares of Pershing Square from a “buy” rating to a “hold” rating in a research report on Tuesday, September 29th. UBS Group raised their target price on shares of Pershing Square from $39.00 to $44.00 and gave the company a “neutral” rating in a research note on Friday, October 23rd. Finally, Weiss Ratings raised shares of Pershing Square from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $44.11.
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Pershing Square Stock Performance
PS opened at $50.28 on Thursday. The company has a 50-day moving average of $47.01. Pershing Square has a 1 year low of $22.01 and a 1 year high of $60.40.
Pershing Square (NYSE:PS – Get Free Report) last announced its earnings results on Monday, November 2nd. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The business had revenue of $56.60 million for the quarter. Sell-side analysts predict that Pershing Square will post 0.50 EPS for the current fiscal year.
Institutional Investors Weigh In On Pershing Square
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC acquired a new stake in Pershing Square in the second quarter worth about $132,000. NewEdge Advisors LLC purchased a new stake in shares of Pershing Square during the second quarter worth about $1,702,000. Readystate Asset Management LP purchased a new stake in shares of Pershing Square during the second quarter worth about $822,000. Proficio Capital Partners LLC acquired a new position in shares of Pershing Square during the second quarter valued at about $1,459,000. Finally, Ancora Advisors LLC purchased a new stake in shares of Pershing Square during the 2nd quarter worth $302,000.
Pershing Square Company Profile
Pershing Square Holdings, Ltd. is an investment holding company that seeks long-term capital appreciation through a concentrated portfolio of investments in publicly traded companies. The company is managed by Pershing Square Capital Management, L.P., an investment management firm that typically takes significant positions in a limited number of businesses and engages with their management teams and boards.
Pershing Square’s investment approach emphasizes fundamental research, long-term ownership and active involvement with portfolio companies.
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