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

Shares of Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) saw unusually-high trading volume on Wednesday . Approximately 30,473 shares were traded during 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

PSHZF has been the topic of a number of research analyst reports. Royal Bank Of Canada initiated coverage on shares of Pershing Square in a research report on Tuesday, May 26th. They set a “sector perform” rating on the stock. Jefferies Financial Group raised shares of Pershing Square to a “hold” rating in a research report on Tuesday, May 26th. Finally, UBS Group set a $40.00 price objective on shares of Pershing Square in a report on Tuesday, May 26th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $40.00.

Pershing Square Trading Down 1.1%

The firm’s fifty day moving average price is $55.43 and its two-hundred day moving average price is $59.67. The company has a current ratio of 2.49, a quick 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.