Credit Suisse Group Raises Party City Holdco (NYSE:PRTY) Price Target to $10.00

Party City Holdco (NYSE:PRTY) had its price objective hoisted by analysts at Credit Suisse Group from $9.00 to $10.00 in a report released on Monday, Benzinga reports. The firm currently has an “outperform” rating on the specialty retailer’s stock. Credit Suisse Group’s price target points to a potential upside of 5.93% from the company’s current price.

Several other research firms also recently weighed in on PRTY. Telsey Advisory Group boosted their target price on shares of Party City Holdco from $7.00 to $11.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 11th. Zacks Investment Research raised shares of Party City Holdco from a “sell” rating to a “hold” rating in a research report on Friday.

NYSE PRTY opened at $9.44 on Monday. The company has a quick ratio of 0.48, a current ratio of 1.19 and a debt-to-equity ratio of 9.80. The firm has a market cap of $1.05 billion, a PE ratio of -1.21 and a beta of 4.26. The company has a 50 day moving average price of $6.60 and a 200 day moving average price of $6.23. Party City Holdco has a 52 week low of $0.47 and a 52 week high of $10.28.

Party City Holdco (NYSE:PRTY) last posted its quarterly earnings data on Sunday, May 9th. The specialty retailer reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.13. Party City Holdco had a negative net margin of 36.23% and a negative return on equity of 23.69%. On average, equities research analysts anticipate that Party City Holdco will post -0.43 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new stake in shares of Party City Holdco in the 1st quarter valued at $25,000. Sei Investments Co. purchased a new stake in shares of Party City Holdco in the 3rd quarter valued at $33,000. Lazard Asset Management LLC purchased a new stake in shares of Party City Holdco in the 4th quarter valued at $59,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Party City Holdco in the 4th quarter valued at $63,000. Finally, Sandbox Financial Partners LLC purchased a new stake in shares of Party City Holdco in the 4th quarter valued at $88,000. 46.55% of the stock is currently owned by institutional investors and hedge funds.

Party City Holdco Company Profile

Party City Holdco Inc, through its subsidiaries, designs, manufactures, sources, and distributes party goods worldwide. The company operates in two segments, Retail and Wholesale. It offers paper and plastic tableware, metallic and latex balloons, Halloween and other costumes, accessories, novelties, gifts, and stationery.

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