PJT Partners (PJT) AI Stock Analysis

• Market Cap: $6.26B
• Dividend Yield: 0.57%
• Average Volume (3M): 269.89K
• Price to Earnings (P/E): 30.9
• Beta (1Y): 1.19
• Revenue Growth: 18.40%
• EPS Growth: 54.77%
• Country: US
• Employees: 1,143
• Sector: Financial
• Sector Strength: 67
• Industry: Financial - Capital Markets
• EPS (TTM): 1.54
• Shares Outstanding: 24,304,976
• 10 Day Avg. Volume: 225,186
• 30 Day Avg. Volume: 269,889
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.27
• Enterprise Value/Revenue: 5.34
• Enterprise Value/Gross Profit: 17.61
• Enterprise Value/Ebitda: 27.09
• 1Y Price Target: $178.00
• Price Target Upside: 1.06% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 3

• Rating: 76 Outperform
• Price Target: $202.00 ▲(14.68% Upside)

PJT Partners scores a 76, driven by strong earnings performance and strategic advisory success. Robust financial health, particularly in cash flow management, supports this positive outlook. However, high leverage and modest valuation metrics present potential risks. The newly appointed board member is a strategic enhancement, further supporting the company's future growth prospects.

PJT Partners Business Overview & Revenue Model

Company Description

PJT Partners Inc., an investment bank, provides various strategic and capital markets advisory, restructuring and special situations, and shareholder advisory services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers advisory services to clients on various transactions, including mergers and acquisitions (M&A), spin-offs, activism defense, contested M&A, joint ventures, minority investments, and divestitures. The company also advises private and public company boards and management teams on strategies for building productive investor relationships with a focus on shareholder engagement; and strategic investor relations; environmental, social, and governance matters; and other investor-related matters. In addition, it provides advisory services related to debt and acquisition financings; structured product offerings; public equity raises, including initial public offering and SPAC offerings; and private capital raises for early and later stage companies, as well as other capital structure related matters. Further, the company offers advisory services in restructurings and recapitalizations; and serving a range of companies, creditors, and financial sponsors on liability management and related capital raise transactions, including exchanges, recapitalizations, reorganizations, debt repurchases, and distressed mergers and acquisitions. Additionally, it provides private fund advisory and fundraising services for a range of investment strategies; and advisory services to GPs and LPs on liquidity and other structured solutions in the secondary market. The company was formerly known as Blackstone Advisory Inc. and changed its name to PJT Partners Inc. in March 2015. PJT Partners Inc. was incorporated in 2014 and is headquartered in New York, New York.

How the Company Makes Money

PJT Partners generates revenue primarily through advisory fees from its investment banking services, which include mergers and acquisitions (M&A) advisory, restructuring advisory, and capital markets advisory. The company earns fees based on the size and complexity of transactions it facilitates, typically structured as a percentage of the deal value. Additionally, PJT may receive success fees upon the completion of transactions. The firm also derives income from strategic advisory services, engaging in long-term partnerships with clients to provide ongoing financial advice. Furthermore, PJT Partners' involvement in restructuring and distressed asset advisory can yield significant revenue, especially during periods of economic volatility when companies seek to reorganize or refinance. Significant partnerships with major corporations and private equity firms enhance its credibility and attract a steady flow of advisory mandates, contributing to its earnings.

PJT Partners Financial Statement Overview

Summary

PJT Partners demonstrates strong revenue growth and efficient cash flow management, with a notable increase in operating cash flow. However, high leverage could pose financial risks. Overall, the company exhibits strong financial health with potential areas for improvement in managing net profit margins and debt levels.

Income Statement

The income statement shows solid profitability with a gross profit margin of 30.3% and a net profit margin of 10.5% for TTM. The revenue growth was notable from 2023 to TTM, increasing by 29.0%. However, the net profit margin has decreased compared to prior years, indicating potential pressure on net earnings despite revenue growth.

Balance Sheet

The balance sheet reflects a debt-to-equity ratio of 2.76, indicating high leverage, which poses a risk. However, the equity ratio is relatively stable at 10.7%. The return on equity for TTM is a strong 104.7%, showcasing effective use of equity, despite the high leverage.

Cash Flow

The cash flow statement is strong, with a free cash flow to net income ratio of 3.14, indicating robust cash flow generation relative to net income. Operating cash flow grew by 11.8% from the previous year, demonstrating solid operational efficiency.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.49B	1.15B	1.03B	991.95M	1.05B
Gross Profit	461.11M	347.80M	356.36M	351.90M	368.91M
EBITDA	299.24M	214.27M	251.82M	262.88M	289.60M
Net Income	134.39M	81.80M	164.77M	189.96M	212.43M
Balance Sheet
Total Assets	1.64B	1.43B	1.05B	987.63M	1.17B
Cash, Cash Equivalents and Short-Term Investments	483.88M	355.54M	173.24M	200.48M	299.51M
Total Debt	354.52M	330.60M	135.63M	157.01M	172.29M
Total Liabilities	733.69M	573.81M	291.09M	350.05M	483.76M
Stockholders Equity	187.01M	244.67M	185.11M	120.23M	154.26M
Cash Flow
Free Cash Flow	527.65M	437.61M	239.30M	117.69M	460.73M
Operating Cash Flow	530.95M	441.53M	242.73M	124.16M	469.59M
Investing Cash Flow	8.06M	-34.35M	-53.23M	131.35M	-145.75M
Financing Cash Flow	-408.68M	-228.08M	-210.02M	-353.38M	-244.42M

PJT Partners Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 176.14
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PJT, the sentiment is Neutral. The current price of 176.14 is below the 20-day moving average (MA) of 181.18, above the 50-day MA of 172.28, and above the 200-day MA of 157.00, indicating a neutral trend. The MACD of 2.01 indicates Positive momentum. The RSI at 49.94 is Neutral, neither overbought nor oversold. The STOCH value of 41.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for PJT.

PJT Partners Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MC	80 Outperform	$5.78B	28.22	45.36%	3.57%	42.85%	1398.33%
LAZ	79 Outperform	$5.05B	18.49	50.41%	3.73%	10.40%	91.75%
HLI	78 Outperform	$13.42B	32.16	20.38%	1.21%	23.39%	29.86%
EVR	77 Outperform	$11.78B	27.71	29.16%	1.06%	23.24%	55.76%
PJT	76 Outperform	$6.26B	30.87	106.47%	0.57%	18.40%	54.77%
MKTX	68 Neutral	$7.10B	31.98	16.41%	1.62%	8.30%	-14.39%
Sector *	65 Neutral	£5.44B	9.20	9.45%	5.04%	10.06%	-14.95%

PJT Partners Corporate Events

PJT Partners Appoints Peter Currie to Board

On July 30, 2025, PJT Partners appointed Peter L.S. Currie to its Board of Directors, expanding the board to eight members. Currie, a seasoned executive with extensive experience in technology-driven companies, will also join the Audit Committee. His appointment is expected to enhance PJT’s industry expertise and global reach, aligning with the firm’s focus on leveraging technology to transform business models and deliver superior outcomes for clients and shareholders.

The most recent analyst rating on (PJT) stock is a Hold with a $128.00 price target. To see the full list of analyst forecasts on PJT Partners stock, see the PJT Stock Forecast page.

PJT Partners Holds Annual Stockholders Meeting

On June 18, 2025, PJT Partners Inc. held its Annual Meeting of Stockholders where three proposals were considered. The stockholders elected directors to the board, approved executive compensation on an advisory basis, and ratified Deloitte & Touche LLP as the independent public accounting firm for 2025. These decisions reflect the company’s ongoing governance and operational strategies, potentially impacting its market positioning and stakeholder relations.

The most recent analyst rating on (PJT) stock is a Hold with a $175.00 price target. To see the full list of analyst forecasts on PJT Partners stock, see the PJT Stock Forecast page.