Wall Street is neutral on Party City Holdco Inc (PRTY). On average, analysts give Party City Holdco Inc a Sell rating. The average price target is $2.333, which means analysts expect the stock to decline by -38.12% over the next twelve months.
That average ranking earns Party City Holdco Inc an Analyst Rating of 5, which is better than 5% of stocks based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers.
InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.
What's Happening With Party City Holdco Inc Stock Today?
Party City Holdco Inc (PRTY) stock has gained 13.06% while the S&P 500 has fallen -0.2% as of 12:35 PM on Tuesday, Nov 17. PRTY is up $0.44 from the previous closing price of $3.33 on volume of 4,214,638 shares. Over the past year the S&P 500 is higher by 15.94% while PRTY is up 114.20%. PRTY lost -$7.83 per share the over the last 12 months.
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