UBS has initiated neutral coverage on PJT Partners (NYSE:PJT) Inc., an advisory-focused investment bank, with a one-year price target suggesting a 20.92% upside, as reported on Tuesday. The firm's projected annual revenue growth stands at 7.95%, which underpins the bullish market outlook. According to the latest data from InvestingPro, PJT Partners has a healthy market cap of 3150M USD and a P/E ratio of 23.54, further supporting the positive forecast.
PJT Partners' key stakeholders include Clearbridge Investments, Wellington Management Group, Eagle Asset Management, Alliancebernstein, and SASMX - ClearBridge Small Cap Growth Fund. The positive market sentiment is further bolstered by fund sentiment and institutional holdings data. InvestingPro Tips reveals that the company operates with a high return on assets, which is confirmed by a robust return on assets of 14.91% as per InvestingPro data.
The company offers strategic advisory services to various entities across the globe. Data for this analysis was provided by Fintel's comprehensive research platform, which emphasizes its usefulness for individual investors, traders, financial advisors, and small hedge funds. In addition to this, InvestingPro Tips highlights that PJT Partners has high earnings quality, with free cash flow exceeding net income, and yields a high return on invested capital. This information could be particularly useful for investors and traders who want to delve deeper into the company's financial health.
Furthermore, InvestingPro Tips indicate that PJT Partners' strong earnings should allow management to continue dividend payments, a factor that might appeal to income-focused investors. The company's dividend yield stands at 1.27%, as per InvestingPro data.
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