Will PJT Partners Inc. (PJT) Run Out of Steam Soon?

June 17, 2018 - By Henry Gaston

PJT Partners Inc. (NYSE:PJT) Logo

The stock of PJT Partners Inc. (NYSE:PJT) hit a new 52-week high and has $61.13 target or 5.00 % above today’s $58.22 share price. The 7 months bullish chart indicates low risk for the $2.02 billion company. The 1-year high was reported on Jun, 17 by Barchart.com. If the $61.13 price target is reached, the company will be worth $101.10 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 increased 0.69% or $0.4 during the last trading session, reaching $58.22. About 148,214 shares traded. PJT Partners Inc. (NYSE:PJT) has risen 46.35% since June 17, 2017 and is uptrending. It has outperformed by 33.78% the S&P500.

Analysts await PJT Partners Inc. (NYSE:PJT) to report earnings on August, 1. They expect $0.34 EPS, up 25.93 % or $0.07 from last year’s $0.27 per share. PJT’s profit will be $11.81M for 42.81 P/E if the $0.34 EPS becomes a reality. After $0.44 actual EPS reported by PJT Partners Inc. for the previous quarter, Wall Street now forecasts -22.73 % 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 $2.02 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.

PJT Partners Inc. (NYSE:PJT) Ratings Chart

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