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

Jefferies Financial Group upgraded shares of Pershing Square (OTCMKTS:PSHZF) to a hold rating in a research note published on Tuesday morning,Zacks.com reports.

Other equities analysts have also issued research reports about the company. Royal Bank Of Canada started coverage on Pershing Square in a research note on Tuesday. They set a “sector perform” rating on the stock. UBS Group set a $40.00 target price on 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 currently has a consensus rating of “Hold” and an average price target of $40.00.

Pershing Square Stock Performance

OTCMKTS:PSHZF opened at $55.87 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.49 and a current ratio of 2.49. Pershing Square has a 12-month low of $50.10 and a 12-month high of $68.25. The stock’s 50 day moving average price is $55.35 and its two-hundred day moving average price is $59.87.

About Pershing Square

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.