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

Shares of Pershing Square Inc. (NYSE:PS) have earned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $42.4286.

A number of analysts have commented on PS shares. Royal Bank Of Canada started coverage on shares of Pershing Square in a research note on Tuesday. They set a “sector perform” rating and a $40.00 price target for the company. Bank of America started coverage on shares of Pershing Square in a research note on Tuesday, May 26th. They set a “neutral” rating and a $42.00 price target for the company. Jefferies Financial Group started coverage on shares of Pershing Square in a research note on Monday, May 25th. They set a “hold” rating and a $40.00 price target for the company. Loop Capital started coverage on shares of Pershing Square in a research note on Tuesday. They set a “buy” rating and a $49.00 price target for the company. Finally, Citigroup started coverage on shares of Pershing Square in a research note on Tuesday. They set a “buy” rating and a $50.00 price target for the company.

Pershing Square Stock Performance

Pershing Square stock opened at $39.35 on Tuesday. Pershing Square has a 12-month low of $22.01 and a 12-month high of $54.94. The firm has a market cap of $5.84 billion, a P/E ratio of -40.57 and a beta of 2.27.

Insider Buying and Selling

In other Pershing Square news, CEO William A. Ackman purchased 800,000 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was acquired at an average price of $23.77 per share, for a total transaction of $19,016,000.00. Following the purchase, the chief executive officer owned 1,500,000 shares of the company’s stock, valued at $35,655,000. This trade represents a 114.29% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 21.79% of the company’s stock.

Pershing Square Company Profile

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.