Trade Report: The Party City Holdco Inc. (PRTY) Research Coverage Started at BMO Capital Markets

The Party City Holdco Inc. (PRTY) Research Coverage Started at BMO Capital Markets

BMO Capital Markets began coverage on shares of Party City Holdco Inc. (NYSE:PRTY) in a research report issued on Wednesday. The brokerage set a “market perform” rating and a $18.00 price target on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 7.78% from the company’s current price.

A number of other research analysts also recently issued reports on the company. Goldman Sachs Group Inc. began coverage on Party City Holdco in a research note on Tuesday, October 25th. They set a “neutral” rating and a $17.00 price target on the stock. Zacks Investment Research downgraded Party City Holdco from a “buy” rating to a “hold” rating in a research note on Thursday, October 6th. Morgan Stanley reiterated a “hold” rating and issued a $17.00 target price on shares of Party City Holdco in a research note on Friday, August 5th. JPMorgan Chase & Co. lifted their target price on Party City Holdco from $15.00 to $19.00 and gave the company an “overweight” rating in a research note on Friday, August 5th. Finally, Telsey Advisory Group lifted their target price on Party City Holdco from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Friday, August 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. Party City Holdco has a consensus rating of “Hold” and an average target price of $18.00.

Party City Holdco (NYSE:PRTY) traded down 2.05% on Wednesday, reaching $16.70. The company had a trading volume of 76,348 shares. The company’s 50-day moving average is $16.49 and its 200-day moving average is $15.69. The company has a market capitalization of $2.00 billion, a PE ratio of 17.11 and a beta of 3.11. Party City Holdco has a 52-week low of $7.53 and a 52-week high of $19.10.

Party City Holdco (NYSE:PRTY) last released its quarterly earnings results on Thursday, November 10th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $557 million for the quarter, compared to analysts’ expectations of $589.84 million. Party City Holdco had a return on equity of 14.62% and a net margin of 5.13%. The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.10 EPS. Equities analysts anticipate that Party City Holdco will post $1.13 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of PRTY. FNY Managed Accounts LLC purchased a new position in shares of Party City Holdco during the second quarter valued at about $274,000. American Century Companies Inc. purchased a new position in shares of Party City Holdco during the second quarter valued at about $1,005,000. Emerald Mutual Fund Advisers Trust boosted its position in shares of Party City Holdco by 21.6% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 26,848 shares of the company’s stock valued at $373,000 after buying an additional 4,767 shares in the last quarter. Emerald Acquisition Ltd. purchased a new position in shares of Party City Holdco during the second quarter valued at about $277,000. Finally, Bayesian Capital Management LP purchased a new position in shares of Party City Holdco during the first quarter valued at about $188,000. 96.36% of the stock is owned by hedge funds and other institutional investors.

Party City Holdco Company Profile

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