New York: Party City Holdco (NYSE:PRTY) Stock Has Just Had Its Equal-Weight Rating Reiterated by Morgan Stanley. Shares now Have a $15.5 Target

November 21, 2017 - By Dolores Ford

 New York: Party City Holdco (NYSE:PRTY) Stock Has Just Had Its Equal Weight Rating Reiterated by Morgan Stanley. Shares now Have a $15.5 Target

Party City Holdco (NYSE:PRTY) Rating Reaffirmed

They currently have a $15.5 TP on Party City Holdco (NYSE:PRTY). The target price by Morgan Stanley would suggest a potential upside of 27.05 % from the company’s last stock price. This has been disclosed in analysts note on Wednesday, 8 November.

Party City Holdco Inc (NYSE:PRTY) Ratings Coverage

Among 9 analysts covering Party City Holdco Inc (NYSE:PRTY), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Party City Holdco Inc has $25 highest and $14.0 lowest target. $16.94’s average target is 38.85% above currents $12.2 stock price. Party City Holdco Inc had 18 analyst reports since August 14, 2015 according to SRatingsIntel. As per Friday, November 13, the company rating was maintained by Credit Suisse. The stock of Party City Holdco Inc (NYSE:PRTY) has “Neutral” rating given on Wednesday, October 26 by Goldman Sachs. J.P. Morgan initiated it with “Buy” rating and $14.0 target in Monday, November 13 report. On Tuesday, January 19 the stock rating was downgraded by Morgan Stanley to “Equal-Weight”. The rating was maintained by Deutsche Bank on Friday, March 11 with “Buy”. The firm has “Outperform” rating given on Friday, August 5 by Telsey Advisory Group. BMO Capital Markets upgraded it to “Buy” rating and $16.0 target in Tuesday, October 24 report. The firm earned “Equal-Weight” rating on Wednesday, November 8 by Morgan Stanley. The rating was maintained by Telsey Advisory Group on Friday, November 13 with “Outperform”. The rating was reinitiated by JP Morgan on Monday, November 13 with “Overweight”.

About 46,566 shares traded. Party City Holdco Inc (NYSE:PRTY) has risen 24.80% since November 21, 2016 and is uptrending. It has outperformed by 8.10% the S&P500.

Analysts await Party City Holdco Inc (NYSE:PRTY) to report earnings on March, 8. They expect $0.80 EPS, up 6.67 % or $0.05 from last year’s $0.75 per share. PRTY’s profit will be $96.00 million for 3.83 P/E if the $0.80 EPS becomes a reality. After $0.13 actual EPS reported by Party City Holdco Inc for the previous quarter, Wall Street now forecasts 515.38 % EPS growth.

Party City Holdco Inc. is a holding firm with no operating assets or operations. The company has market cap of $1.46 billion. As of December 31, 2016, the Company owned PC Nextco Holdings, LLC , which owned PC Intermediate Holdings, Inc. (PC Intermediate). It has a 12.74 P/E ratio. As of December 31, 2016, PC Intermediate owned Party City Holdings Inc. (PCHI).

More important recent Party City Holdco Inc (NYSE:PRTY) news were published by: Businesswire.com which released: “Party City to Report Third Quarter 2017 Financial Results on November 9, 2017” on October 26, 2017, also Nasdaq.com published article titled: “Party City Holdco Becomes Oversold (PRTY)”, Seekingalpha.com published: “Party City Holdco’s (PRTY) CEO James Harrison Presents at Morgan Stanley …” on November 15, 2017. More interesting news about Party City Holdco Inc (NYSE:PRTY) was released by: Bloomberg.com and their article: “Party City Looks Beyond Costumes to Avoid the Seasonal Effects” with publication date: October 31, 2017.

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