Party City Holdco Inc. (PRTY) Reaches $15.03 After 5.00% Down Move; First Trust Strategic High Income Fund II (FHY)’s Sentiment Is 0.62

February 15, 2018 - By Hazel Jackson

The stock of Party City Holdco Inc. (NYSE:PRTY) is a huge mover today! The stock decreased 2.44% or $0.375 during the last trading session, reaching $15.025. About 369,934 shares traded. Party City Holdco Inc. (NYSE:PRTY) has risen 24.80% since February 15, 2017 and is uptrending. It has outperformed by 8.10% the S&P500.The move comes after 5 months negative chart setup for the $1.45B company. It was reported on Feb, 15 by Barchart.com. We have $14.27 PT which if reached, will make NYSE:PRTY worth $72.40 million less.

The stock decreased 0.32% or $0.04 during the last trading session, reaching $12.2. About 24,842 shares traded. First Trust Strategic High Income Fund II (FHY) has risen 16.84% since February 15, 2017 and is uptrending. It has outperformed by 0.14% the S&P500.

Among 9 analysts covering Party City Holdco Inc (NYSE:PRTY), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Party City Holdco Inc had 21 analyst reports since August 14, 2015 according to SRatingsIntel. Morgan Stanley maintained Party City Holdco Inc. (NYSE:PRTY) rating on Wednesday, November 8. Morgan Stanley has “Equal-Weight” rating and $15.5 target. The stock of Party City Holdco Inc. (NYSE:PRTY) has “Outperform” rating given on Friday, December 22 by Telsey Advisory Group. The company was maintained on Friday, August 5 by Telsey Advisory Group. The company was initiated on Monday, November 13 by J.P. Morgan. The stock of Party City Holdco Inc. (NYSE:PRTY) has “Overweight” rating given on Monday, November 13 by JP Morgan. Telsey Advisory Group maintained Party City Holdco Inc. (NYSE:PRTY) rating on Friday, November 13. Telsey Advisory Group has “Outperform” rating and $20 target. The stock of Party City Holdco Inc. (NYSE:PRTY) has “Outperform” rating given on Thursday, May 12 by Telsey Advisory Group. The stock of Party City Holdco Inc. (NYSE:PRTY) earned “Market Perform” rating by BMO Capital Markets on Thursday, August 3. The stock has “Buy” rating by Deutsche Bank on Friday, March 11. Bank of America maintained Party City Holdco Inc. (NYSE:PRTY) on Wednesday, December 27 with “Hold” rating.

Analysts await Party City Holdco Inc. (NYSE:PRTY) to report earnings on March, 8. They expect $0.77 earnings per share, up 2.67% or $0.02 from last year’s $0.75 per share. PRTY’s profit will be $74.21 million for 4.88 P/E if the $0.77 EPS becomes a reality. After $0.13 actual earnings per share reported by Party City Holdco Inc. for the previous quarter, Wall Street now forecasts 492.31% EPS growth.

Party City Holdco Inc., through its subsidiaries, designs, makes, sources, and distributes party supplies in the United States and internationally. The company has market cap of $1.45 billion. The firm operates in two divisions, Retail and Wholesale. It has a 15.68 P/E ratio. It offers paper and plastic tableware, accessories and novelties, metallic and latex balloons, Halloween and other costumes, decorations, and stationery and gift items.

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