Pershing Square Inc. (NYSE:PS) Receives Average Rating of “Hold” from Analysts

Pershing Square Inc. (NYSE:PS) has earned a consensus rating of “Hold” from the nine ratings firms that are currently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $42.4286.

A number of research analysts have recently commented on the company. Jefferies Financial Group assumed coverage on Pershing Square in a research note on Monday, May 25th. They issued a “hold” rating and a $40.00 price target for the company. Loop Capital assumed coverage on Pershing Square in a research note on Tuesday, May 26th. They issued a “buy” rating and a $49.00 price target for the company. UBS Group started coverage on Pershing Square in a research note on Tuesday, May 26th. They issued a “neutral” rating and a $39.00 price target for the company. Bank of America began coverage on Pershing Square in a report on Tuesday, May 26th. They set a “neutral” rating and a $42.00 price target on the stock. Finally, Wells Fargo & Company began coverage on Pershing Square in a report on Tuesday, May 26th. They set an “equal weight” rating and a $37.00 price target on the stock.

Pershing Square Trading Up 0.6%

Shares of Pershing Square stock opened at $33.53 on Friday. Pershing Square has a fifty-two week low of $22.01 and a fifty-two week high of $54.94. The company has a market capitalization of $13.41 billion, a price-to-earnings ratio of -40.21 and a beta of 2.27.

Insider Buying and Selling at Pershing Square

In other news, CEO William A. Ackman purchased 800,000 shares of Pershing Square stock in a transaction dated Thursday, April 30th. The shares were bought at an average cost of $23.77 per share, for a total transaction of $19,016,000.00. Following the completion of the acquisition, the chief executive officer owned 1,500,000 shares in the company, valued at approximately $35,655,000. This trade represents a 114.29% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 21.79% of the company’s stock.

About Pershing Square

Pershing Square (NYSE: PS) is a publicly traded investment holding company managed by Pershing Square Capital Management, L.P., the investment firm founded and led by William “Bill” Ackman. The vehicle provides outside investors with exposure to the firm’s concentrated, actively managed investment program and is designed to deliver long‑term capital appreciation through a portfolio of equity and related positions.

The company’s principal activities center on investing in publicly traded companies, typically through concentrated long equity positions and selectively using derivatives or other instruments for hedging or to implement investment views.