Analyst Rating Update on Party City Holdco (PRTY)

Party City Holdco (PRTY) : 2 brokerage houses believe that Party City Holdco (PRTY) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Party City Holdco (PRTY). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 6 Wall Street Analysts endorse the stock as a Buy with a rating of 2.33.

Party City Holdco (PRTY) : 6 investment research analysts covering Party City Holdco (PRTY) have an average price target of $16.17 for the near short term. The highest target price given by the Brokerage Firm to the stock is $18 and the lowest target is $14 for the short term. Analysts expect the variance to be within $1.6 of the average price.

For the current week, the company shares have a recommendation consensus of Buy.


Party City Holdco (NYSE:PRTY): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.57 and $15.38 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.35. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.34, notching a gain of 4.28% for the day. The total traded volume was 827,145 . The stock had closed at $15.67 on the previous day.

Party City Holdco Inc. is a designer, manufacturer and distributor of decorated party supplies. The Company operates in two segments: Retail and Wholesale. The Company, through Retail segment, engages in the sale of merchandise through party goods stores and online through its e-commerce Websites, including The Company, through Wholesale segment, engages in the sale of Amscan, Designware, Anagram, Costumes USA and other party supplies. Its tableware products include plastic plates, paper plates, plastic cups and paper cups, among others. The Companys favors, stationery and other products include party favors, gift bags, gift wrap, invitations, bows and stationery. Its decorations products include latex balloons, pinatas, crepes, and flags and banners, among others. The Companys metallic balloons products include bouquets, standard 18 inch sing-a-tune, supershapes and weights. Its Costumes and Accessories products include costumes, other wearables and wigs.

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