Pershing Square (NYSE:PS) Research Coverage Started at Tigress Financial

Tigress Financial assumed coverage on shares of Pershing Square (NYSE:PS) in a report released on Monday, MarketBeat Ratings reports. The firm issued a neutral rating and a $39.00 price objective on the stock.

Several other research firms have also commented on PS. Jefferies Financial Group assumed coverage on shares of Pershing Square in a research note on Monday, May 25th. They set a “hold” rating and a $40.00 price objective on the stock. Wells Fargo & Company lowered their target price on shares of Pershing Square from $37.00 to $34.00 and set an “equal weight” rating for the company in a report on Monday, July 20th. Bank of America assumed coverage on Pershing Square in a research report on Tuesday, May 26th. They issued a “neutral” rating and a $42.00 price target on the stock. Oppenheimer initiated coverage on Pershing Square in a research note on Tuesday, May 26th. They set a “market perform” rating for the company. Finally, Royal Bank Of Canada dropped their target price on Pershing Square from $40.00 to $38.00 and set a “sector perform” rating on the stock in a report on Monday, July 13th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $40.56.

Pershing Square Trading Down 3.3%

Shares of PS stock opened at $32.75 on Monday. Pershing Square has a 12 month low of $22.01 and a 12 month high of $54.94. The company has a market cap of $13.10 billion, a PE ratio of -40.21 and a beta of 2.27. The firm’s fifty day simple moving average is $34.55.

Pershing Square Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 13th were given a dividend of $0.122 per share. The ex-dividend date of this dividend was Monday, July 13th. This represents a $0.49 annualized dividend and a dividend yield of 1.5%.

About Pershing Square

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.