Pershing Square (OTCMKTS:PSHZF) Sees Strong Trading Volume – Time to Buy?

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZFGet Free Report) shares saw an uptick in trading volume on Wednesday . 30,473 shares were traded during mid-day trading, an increase of 31% from the previous session’s volume of 23,204 shares.The stock last traded at $52.30 and had previously closed at $53.26.

Analysts Set New Price Targets

A number of research firms recently weighed in on PSHZF. Jefferies Financial Group upgraded shares of Pershing Square to a “hold” rating in a report on Tuesday, May 26th. UBS Group set a $40.00 target price on shares of Pershing Square in a report on Tuesday, May 26th. Finally, Royal Bank Of Canada began coverage on shares of Pershing Square in a report on Tuesday, May 26th. They issued a “sector perform” rating on the stock. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Pershing Square has a consensus rating of “Hold” and an average price target of $40.00.

View Our Latest Report on Pershing Square

Pershing Square Stock Down 1.1%

The company has a debt-to-equity ratio of 0.24, a current ratio of 2.49 and a quick ratio of 2.49. The company’s 50 day simple moving average is $55.43 and its 200 day simple moving average is $59.67.

Pershing Square Company Profile

(Get Free Report)

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) is a Guernsey-registered closed-ended investment company that offers public investors access to the concentrated investment strategy of Pershing Square Capital Management, L.P. Founded by William “Bill” Ackman, the firm employs a value-oriented, fundamental approach to equity investing, often engaging in activist campaigns to unlock shareholder value. Since its launch in April 2012, Pershing Square Holdings has built a portfolio of high-conviction positions in a select group of publicly traded companies, predominantly in North America and Western Europe.

As a holding company, Pershing Square Holdings does not originate new funds but rather issues ordinary shares to investors seeking exposure to the flagship strategy of Pershing Square Capital.

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