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 report report published on Tuesday morning,Zacks.com reports.

PSHZF has been the subject of several other reports. UBS Group set a $40.00 price objective on Pershing Square in a research note on Tuesday, May 26th. Royal Bank Of Canada began coverage on shares of Pershing Square in a report on Tuesday, May 26th. They set a “sector perform” rating for the company. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Pershing Square currently has an average rating of “Hold” and an average target price of $40.00.

Pershing Square Stock Up 0.0%

OTCMKTS:PSHZF opened at $50.52 on Tuesday. The company has a fifty day moving average of $53.18 and a two-hundred day moving average of $57.22. 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 fifty-two week low of $48.12 and a fifty-two week high of $68.25.

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.