Last Updated: 19 Sep 2024
Executive Summary
PJT Partners Inc. (PJT) is an investment bank that provides advisory services to corporations, financial backers, institutional investors, and governments. The company has a market capitalization of $5.06 billion and trades on the NYSE under the ticker symbol "PJT." The latest stock price is $129.67.
Company Overview
PJT Partners was founded in 2014 and is headquartered in New York City. The company offers a range of services, including shareholder advisory, restructuring and special situations advisory, and capital market advisory. PJT Partners has a team of experienced professionals with a deep understanding of the financial markets.
Fundamental Analysis
PJT Partners has been growing its revenue and earnings in recent years. In 2023, the company reported revenue of $1.29 billion and EPS of $3.88. PJT Partners has a strong balance sheet with $1.5 billion in cash and equivalents and no debt. The company's trailing PE ratio is 33.53, which is in line with the industry average.
Technical Analysis
PJT Partners' stock price has been trading in a range between $70.80 and $136.61 over the past 52 weeks. The stock is currently trading near the top of its range. The 50-day moving average is $121.26, and the 200-day moving average is $104.97. The stock is above both moving averages, which is a bullish sign.
Short Term Outlook
PJT Partners' stock price is likely to continue to trade in a range in the short term. The stock is currently overbought, and a pullback could be in order. However, the stock is still above its moving averages, and a breakout to the upside is possible.
Long Term Outlook
PJT Partners is a well-established investment bank with a strong track record of growth. The company is well-positioned to benefit from the continued growth of the financial markets. PJT Partners' stock is a good long-term investment for investors who are looking for exposure to the financial sector.
Analyst Recommendations
Analysts have a mixed view on PJT Partners' stock. One analyst has a strong buy rating, three analysts have a buy rating, one analyst has a hold rating, one analyst has a sell rating, and one analyst has a strong sell rating. The average analyst target price is $122.
