PJT Partners Inc (NYSE:PJT) has been assigned a consensus broker rating score of 1.67 (Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and two have assigned a strong buy rating to the company. PJT Partners’ rating score has declined by 67% in the last three months as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a 1-year consensus target price of $48.67 for the company and are forecasting that the company will post $0.71 EPS for the current quarter, according to Zacks. Zacks has also assigned PJT Partners an industry rank of 198 out of 265 based on the ratings given to its competitors.
Several equities analysts have weighed in on PJT shares. Buckingham Research started coverage on shares of PJT Partners in a report on Wednesday, January 3rd. They set a “neutral” rating and a $51.00 target price for the company. Zacks Investment Research raised shares of PJT Partners from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. Finally, JMP Securities initiated coverage on shares of PJT Partners in a research note on Monday, September 18th. They set an “outperform” rating and a $45.00 price target on the stock.
PJT Partners (PJT) opened at $48.85 on Wednesday. PJT Partners has a twelve month low of $30.03 and a twelve month high of $49.38. The firm has a market cap of $1,680.00 and a PE ratio of 80.08.
PJT Partners announced that its board has initiated a stock buyback program on Tuesday, October 31st that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its shares are undervalued.
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, December 5th. This represents a $0.20 annualized dividend and a dividend yield of 0.41%. PJT Partners’s dividend payout ratio is currently 32.79%.
PJT Partners Company Profile
PJT Partners Inc is an advisory-focused investment bank. The Company offers an array of strategic advisory, restructuring and special situations and private fund advisory and placement services to corporations, financial sponsors, institutional investors and governments. It provides, through Park Hill Group, private fund advisory and placement services for alternative investment managers, including private equity funds, real estate funds and hedge funds.
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