Pershing Square Inc. (NYSE:PS) Given Consensus Rating of “Hold” by Analysts

Shares of Pershing Square Inc. (NYSE:PS) have earned an average recommendation of “Hold” from the twelve research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $40.5556.

A number of equities analysts have commented on the stock. Jefferies Financial Group started coverage on shares of Pershing Square in a research note on Monday, May 25th. They issued a “hold” rating and a $40.00 price target for the company. Weiss Ratings initiated coverage on shares of Pershing Square in a research report on Tuesday, July 28th. They issued a “sell (d)” rating for the company. Oppenheimer assumed coverage on Pershing Square in a research note on Tuesday, May 26th. They issued a “market perform” rating on the stock. Bank of America began coverage on Pershing Square in a research report on Tuesday, May 26th. They set a “neutral” rating and a $42.00 price target on the stock. Finally, Wall Street Zen cut Pershing Square from a “hold” rating to a “sell” rating in a report on Sunday, June 7th.

Pershing Square Stock Performance

Pershing Square stock opened at $38.03 on Friday. Pershing Square has a 1-year low of $22.01 and a 1-year high of $54.94. The business’s 50 day moving average price is $34.37.

Pershing Square Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 13th were paid a $0.122 dividend. This represents a $0.49 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, July 13th.

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.