PJT Stock Summary and Trading Ideas (PJT Partners Class A | NYSE:PJT)

PJT Partners Inc is an advisory-focused investment bank that offers a portfolio of advisory services designed to help its clients achieve their strategic objectives. The company delivers a range of strategic advisory, capital markets advisory, restructuring and special situations, and shareholder advisory services to corporations, financial sponsors, institutional investors, and governments around the world. It also provides private fund advisory and fundraising services for alternative investment strategies, including private equity, real estate, hedge funds, and private credit. The company generates its revenue from advisory fees, placement fees, and others. Geographically, It generates a majority of its revenue from the United States.

PJT Partners Class A trades on the NYSE stock market under the symbol PJT.

As of April 25, 2024, PJT stock price declined to $94.79 with 120,767 million shares trading.

PJT has a beta of 1.19, meaning it tends to be more sensitive to market movements. PJT has a correlation of 0.23 to the broad based SPY ETF.

PJT has a market cap of $2.28 billion. This is considered a Mid Cap stock.

Last quarter PJT Partners Class A reported $329 million in Revenue and $.96 earnings per share. This beat revenue expectation by $24 million and exceeded earnings estimates by $.08.

In the last 3 years, PJT stock traded as high as $107.35 and as low as $54.48.

The top ETF exchange traded funds that PJT belongs to (by Net Assets): IJR, VTI, IWM, VB, VXF.

PJT has outperformed the market in the last year with a price return of +28.2% while the SPY ETF gained +23.1%. However, in the short term, PJT had mixed performance relative to the market. It has underperformed in the last 3 months, returning -3.6% vs +3.6% return in SPY. But in the last 2 weeks, PJT shares have fared better than the market returning -1.5% compared to SPY -2.5%.

PJT support price is $94.24 and resistance is $97.65 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PJT stock will trade within this expected range on the day.