Pershing Square (OTCMKTS:PSHZF) Stock Rating Upgraded by Jefferies Financial Group

Pershing Square (OTCMKTS:PSHZF) was upgraded by stock analysts at Jefferies Financial Group to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

PSHZF has been the subject of a number of other reports. Royal Bank Of Canada initiated coverage on shares of Pershing Square in a research note on Tuesday. They issued a “sector perform” rating for the company. UBS Group set a $40.00 price objective on shares of Pershing Square in a research note on Tuesday. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $40.00.

Pershing Square Price Performance

OTCMKTS:PSHZF opened at $55.87 on Tuesday. Pershing Square has a 1-year low of $50.10 and a 1-year high of $68.25. The company has a 50-day moving average of $55.35 and a 200 day moving average of $59.87. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.24.

Pershing Square Company Profile

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.