RBC Capital Sticks to Its Hold Rating for Pershing Square Inc. (PS)
RBC Capital analyst Kenneth Lee maintained a Hold rating on Pershing Square Inc. yesterday and set a price target of $38.00.
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Lee covers the Financial sector, focusing on stocks such as Acadian Asset Management, Artisan Partners, and Invesco. According to TipRanks, Lee has an average return of 8.5% and a 61.72% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pershing Square Inc. with a $41.44 average price target.
Based on Pershing Square Inc.’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $57.51 million and a GAAP net loss of $147.59 million.
Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PS in relation to earlier this year.
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- Pershing Square Inc. price target lowered to $45 from $50 at Citi
- Pershing Square: Buy Rating Reaffirmed as Heimermann Trims Price Target to $45 but Sees High‑20s% Upside
- The Week That Was, The Week Ahead: Macro and Markets, July 12
- Pershing Square Inc. initiated with a Buy at JonesResearch
- Bill Ackman’s Pershing Square (PS) Declares First Dividend Payment
