PJT Partners Inc. (NYSE:PJT) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday. The firm currently has a $42.00 price objective on the stock. Zacks Investment Research’s price objective would suggest a potential upside of 13.27% from the company’s current price.

According to Zacks, “PJT Partners Inc. is a financial advisory firm. The Company offers strategic advisory, restructuring and reorganization, fund placement and funds advisory services to corporations, financial sponsors, institutional investors and governments. PJT Partners Inc. is based in NEW YORK, United States. “

Other analysts have also recently issued reports about the company. Bank of America Corporation started coverage on PJT Partners in a research note on Wednesday, December 14th. They issued a “neutral” rating and a $34.00 price target on the stock. TheStreet cut PJT Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, November 23rd.

PJT Partners (NYSE:PJT) opened at 37.08 on Wednesday. The stock has a 50 day moving average price of $32.17 and a 200 day moving average price of $28.33. The firm’s market cap is $667.55 million. PJT Partners has a one year low of $19.96 and a one year high of $37.33.

PJT Partners (NYSE:PJT) last announced its quarterly earnings data on Thursday, February 9th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.22. PJT Partners had a positive return on equity of 215.12% and a negative net margin of 0.61%. The business had revenue of $173.50 million for the quarter, compared to analysts’ expectations of $103.80 million. Equities research analysts expect that PJT Partners will post $1.60 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 23rd. Shareholders of record on Thursday, March 9th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Tuesday, March 7th. PJT Partners’s dividend payout ratio is presently -105.26%.

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In other PJT Partners news, Chairman Paul J. Taubman purchased 25,000 shares of the business’s stock in a transaction on Friday, December 2nd. The shares were bought at an average cost of $29.34 per share, for a total transaction of $733,500.00. Following the completion of the purchase, the chairman now directly owns 423,822 shares in the company, valued at $12,434,937.48. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.50% of the stock is owned by company insiders.

About PJT Partners

PJT Partners Inc is an advisory-focused investment bank. The Company offers strategic advisory, restructuring and special situations and fund placement, and secondary advisory services to corporations, financial sponsors and governments. Its segment includes activities providing strategic advisory, restructuring and special situations and fund placement and secondary advisory services.

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