PJT Partners (PJT) AI Stock Analysis

• Market Cap: $6.38B
• Dividend Yield: 0.56%
• Average Volume (3M): 240.89K
• Price to Earnings (P/E): 31.3
• Beta (1Y): 1.18
• Revenue Growth: 18.40%
• EPS Growth: 54.77%
• Country: US
• Employees: 1,143
• Sector: Financial
• Sector Strength: 73
• Industry: Financial - Capital Markets
• EPS (TTM): 1.54
• Shares Outstanding: 24,430,628
• 10 Day Avg. Volume: 280,814
• 30 Day Avg. Volume: 240,894
• PEG Ratio: 2.07
• Price to Book (P/B): 30.88
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 9.00
• Enterprise Value/Market Cap: 0.71
• Enterprise Value/Revenue: 2.60
• Enterprise Value/Gross Profit: 26.47
• Enterprise Value/Ebitda: 28.54
• 1Y Price Target: $166.00
• Price Target Upside: -6.49% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 2

• Rating: 76 Outperform
• Price Target: $201.00 ▲(13.23%Upside)

PJT Partners receives a strong overall score driven primarily by its robust financial performance and positive earnings call insights. The company demonstrated exceptional revenue growth and strategic success, particularly in advisory and restructuring services. However, a high P/E ratio suggests potential overvaluation, and challenges in specific segments along with increased expenses introduce some risk.

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 and commissions. The Strategic Advisory segment earns fees from advising clients on mergers and acquisitions, divestitures, spin-offs, and other strategic transactions. The Restructuring and Special Situations segment provides financial restructuring advice to companies, creditors, and other stakeholders, generating fees based on the complexity and size of the transaction. PJT Park Hill, the fund placement segment, earns fees by helping investment managers raise capital from institutional investors. The firm benefits from strong client relationships and its reputation for delivering tailored and expert advice, which contribute significantly to its earnings. Additionally, PJT leverages its extensive network and industry expertise to maintain a robust pipeline of advisory engagements.

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: Positive
• Last Price: 177.52
• 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 Positive. The current price of 177.52 is below the 20-day moving average (MA) of 178.33, above the 50-day MA of 163.79, and above the 200-day MA of 154.43, indicating a neutral trend. The MACD of 5.82 indicates Positive momentum. The RSI at 55.20 is Neutral, neither overbought nor oversold. The STOCH value of 36.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PJT.

PJT Partners Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MC	79 Outperform	$5.75B	28.09	45.36%	3.52%	42.85%	1398.33%
LAZ	78 Outperform	$5.12B	18.76	50.41%	3.68%	10.40%	91.75%
HLI	77 Outperform	$13.57B	33.13	19.93%	1.20%	24.88%	39.55%
PJT	76 Outperform	$6.38B	31.32	96.33%	0.56%	18.40%	54.77%
EVR	76 Outperform	$11.70B	28.97	29.73%	1.07%	26.88%	68.65%
MKTX	70 Outperform	$7.79B	36.06	16.25%	1.45%	7.22%	-15.53%
Sector *	67 Neutral	$17.09B	11.28	9.28%	3.81%	11.08%	-4.02%

PJT Partners Corporate Events

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.