What Will Happen to PJT Partners Inc. (PJT) Next? The Stock Just Reaches 52-Week High

April 25, 2018 - By Richard Conner

PJT Partners Inc. (NYSE:PJT) Logo

The stock of PJT Partners Inc. (NYSE:PJT) hit a new 52-week high and has $58.35 target or 7.00 % above today’s $54.53 share price. The 9 months bullish chart indicates low risk for the $1.82B company. The 1-year high was reported on Apr, 25 by Barchart.com. If the $58.35 price target is reached, the company will be worth $127.12 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.16% or $0.09 during the last trading session, reaching $54.53. About 38,054 shares traded. PJT Partners Inc. (NYSE:PJT) has risen 38.98% since April 25, 2017 and is uptrending. It has outperformed by 27.43% the S&P500.

Analysts await PJT Partners Inc. (NYSE:PJT) to report earnings on May, 1. They expect $0.49 EPS, up 28.95 % or $0.11 from last year’s $0.38 per share. PJT’s profit will be $16.32 million for 27.82 P/E if the $0.49 EPS becomes a reality. After $0.79 actual EPS reported by PJT Partners Inc. for the previous quarter, Wall Street now forecasts -37.97 % negative EPS growth.

PJT Partners Inc. provides various strategic advisory, restructuring and special situations, and private fund advisory and placement services to firms, financial sponsors, institutional investors, and governments worldwide. The company has market cap of $1.82 billion. It offers a range of financial advisory and transaction execution capability, including mergers and acquisitions, joint ventures, minority investments, asset swaps, divestitures, takeover defenses, corporate finance advisory, private placements, and distressed sales. It currently has negative earnings. The firm also advices companies, creditors, and financial sponsors on recapitalizations, reorganizations, exchange offers, debt repurchases, capital raises, and distressed mergers and acquisitions.

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