Somewhat Favorable News Coverage Somewhat Unlikely to Impact PJT Partners (PJT) Stock Price

Press coverage about PJT Partners (NYSE:PJT) has trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PJT Partners earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 44.6119581902096 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

PJT has been the subject of several recent analyst reports. Zacks Investment Research lowered PJT Partners from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. JMP Securities initiated coverage on PJT Partners in a research note on Monday, September 18th. They issued an “outperform” rating and a $45.00 price target for the company. Finally, Buckingham Research initiated coverage on PJT Partners in a research note on Wednesday. They issued a “neutral” rating and a $51.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $47.00.

PJT Partners (NYSE PJT) opened at $46.93 on Friday. PJT Partners has a 52 week low of $30.03 and a 52 week high of $47.45. The firm has a market capitalization of $1,610.00 and a PE ratio of 76.93.

PJT Partners announced that its board has initiated a stock buyback program on Tuesday, October 31st that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th were paid a $0.05 dividend. The ex-dividend date was Tuesday, December 5th. This represents a $0.20 annualized dividend and a dividend yield of 0.43%. PJT Partners’s dividend payout ratio is presently 32.79%.

ILLEGAL ACTIVITY NOTICE: “Somewhat Favorable News Coverage Somewhat Unlikely to Impact PJT Partners (PJT) Stock Price” was first posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this report on another website, it was stolen and reposted in violation of US & international copyright laws. The legal version of this report can be viewed at https://www.chaffeybreeze.com/2018/01/06/somewhat-favorable-news-coverage-somewhat-unlikely-to-impact-pjt-partners-pjt-stock-price.html.

About PJT Partners

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.

Insider Buying and Selling by Quarter for PJT Partners (NYSE:PJT)

Receive News & Ratings for PJT Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PJT Partners and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply