PJT Partners (PJT) AI Stock Analysis

• Market Cap: $6.16B
• Dividend Yield: 0.57%
• Average Volume (3M): 185.68K
• Price to Earnings (P/E): 30.4
• Beta (1Y): 1.21
• Revenue Growth: 18.40%
• EPS Growth: 54.77%
• Country: US
• Employees: 1,143
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): 1.54
• Shares Outstanding: 24,304,976
• 10 Day Avg. Volume: 217,290
• 30 Day Avg. Volume: 185,677
• PEG Ratio: 0.47
• Price to Book (P/B): 21.48
• Price to Sales (P/S): 2.69
• P/FCF Ratio: 7.61
• Enterprise Value/Market Cap: 1.29
• Enterprise Value/Revenue: 5.18
• Enterprise Value/Gross Profit: 16.41
• Enterprise Value/Ebitda: 23.46
• 1Y Price Target: $192.50
• Price Target Upside: 9.15% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 2

• Rating: 62 Neutral
• Price Target: $187.00 ▲(6.03% Upside)

PJT Partners' overall stock score is driven by strong earnings performance and robust cash flow generation. However, challenges with profitability, increased leverage, and a relatively high valuation weigh on the score. The technical indicators suggest potential bearish momentum, but the stock may be oversold, offering a potential buying opportunity.

Positive Factors

Revenue Growth

Consistent revenue growth, with a 13% increase in Q2, highlights PJT's strong market position and effective client engagement, ensuring long-term business expansion.

Market Leadership in Restructuring

Leading the restructuring market demonstrates PJT's expertise and reputation, attracting high-profile clients and ensuring sustained demand for its services.

Strong Cash Generation

Strong cash generation supports operational flexibility and strategic investments, enhancing PJT's ability to navigate market fluctuations and pursue growth opportunities.

Negative Factors

Profitability Challenges

Low profitability margins indicate potential operational inefficiencies, which could hinder PJT's ability to reinvest in growth and maintain competitive pricing.

Increased Leverage

Higher leverage may strain PJT's financial stability, limiting its ability to invest in growth initiatives and increasing vulnerability to economic downturns.

Increased Non-Compensation Expenses

Rising non-compensation costs could pressure margins, reducing profitability and potentially impacting PJT's ability to maintain competitive pricing and service levels.

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 shows strong revenue growth and cash flow generation, but faces challenges with profitability and increased leverage. The company's ability to manage its debt and improve operational efficiency will be crucial for sustaining its growth trajectory and enhancing profitability.

Income Statement

PJT Partners shows a strong revenue growth trajectory with a remarkable 49,097.83% increase in TTM, indicating robust expansion. However, the net profit margin is extremely low at 0.02% in TTM, suggesting profitability challenges. The gross profit margin of 31.92% in TTM is stable, but EBIT and EBITDA margins are significantly lower than industry averages, reflecting potential operational inefficiencies.

Balance Sheet

The company's debt-to-equity ratio has increased to 2.48 in TTM, indicating higher leverage and potential financial risk. Return on equity is strong at 96.84% in TTM, showcasing effective use of equity. However, the equity ratio is not provided, which limits a full assessment of financial stability.

Cash Flow

Operating cash flow is robust with a high coverage ratio of 5.37 in TTM, indicating strong cash generation relative to net income. Despite a slight decline in free cash flow growth, the free cash flow to net income ratio remains healthy at 96.77%, suggesting efficient cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.54B	1.49B	1.15B	1.03B	991.95M	1.05B
Gross Profit	484.23M	461.11M	347.80M	356.36M	351.90M	368.91M
EBITDA	338.62M	331.61M	245.06M	267.35M	280.31M	310.90M
Net Income	160.37M	134.39M	81.80M	90.53M	106.17M	117.55M
Balance Sheet
Total Assets	1.51B	1.64B	1.43B	1.05B	987.63M	1.17B
Cash, Cash Equivalents and Short-Term Investments	214.62M	483.88M	355.54M	173.24M	200.48M	299.51M
Total Debt	414.66M	354.52M	330.60M	135.63M	157.01M	172.29M
Total Liabilities	662.80M	733.69M	573.81M	291.09M	350.05M	483.76M
Stockholders Equity	167.44M	187.01M	244.67M	185.11M	120.23M	154.26M
Cash Flow
Free Cash Flow	474.82M	527.65M	437.61M	239.30M	117.69M	460.59M
Operating Cash Flow	490.66M	530.95M	441.53M	242.73M	124.16M	469.44M
Investing Cash Flow	61.43M	8.06M	-34.35M	-53.23M	131.35M	-145.75M
Financing Cash Flow	-509.22M	-408.68M	-228.08M	-210.02M	-353.38M	-244.28M

PJT Partners Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 176.37
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• 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 176.37 is below the 20-day moving average (MA) of 176.61, below the 50-day MA of 179.29, and above the 200-day MA of 161.96, indicating a neutral trend. The MACD of -1.05 indicates Negative momentum. The RSI at 47.89 is Neutral, neither overbought nor oversold. The STOCH value of 64.48 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	79 Outperform	$5.46B	26.68	45.36%	3.71%	42.85%	1398.33%
EVR	76 Outperform	$12.36B	29.12	29.16%	1.03%	23.24%	55.76%
PIPR	69 Neutral	$5.86B	27.72	17.91%	1.70%	10.46%	50.47%
LAZ	68 Neutral	$4.80B	17.58	50.41%	4.02%	10.40%	91.75%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
PJT	62 Neutral	$6.16B	30.38	106.47%	0.57%	18.40%	54.77%
PWP	52 Neutral	$1.71B	23.77	―	1.44%	20.01%	―

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 Reports Record-Breaking 2025 Financial Results

PJT Partners Inc. is a global advisory-focused investment bank known for its independent advice and high-touch client service, operating primarily in the financial services sector. The company has reported record-breaking financial results for the second quarter and first half of 2025, showcasing significant growth in revenues, pretax income, and earnings per share (EPS). For the second quarter, PJT Partners achieved revenues of $407 million, marking a 13% increase from the previous year. The company’s GAAP pretax income rose by 19% to $76 million, while adjusted pretax income increased by 22% to $80 million. Additionally, GAAP diluted EPS grew by 14% to $1.21, and adjusted EPS surged by 29% to $1.54.

PJT Partners Shines with Record Earnings Amid Challenges

The recent earnings call for PJT Partners Inc. showcased a strong financial performance, marked by record-setting revenue and strategic advisory success. This positive sentiment was bolstered by a favorable market environment and leadership in restructuring. However, challenges in the PJT Park Hill segment, increased expenses, and ongoing regulatory uncertainties tempered the overall optimism.