JP Morgan Maintains Party City Holdco Inc to Overweight with Price Target $19.00

Brokerage firm JP Morgan Maintains its rating on Party City Holdco Inc(NYSE:PRTY). In a research note issued to the investors, the brokerage major Raises the price-target to $19.00 per share. The shares have been rated Overweight. The rating by JP Morgan was issued on Aug 5, 2016.

Party City Holdco Inc (PRTY) shares turned negative on Wednesdays trading session with the shares closing down -0.21 points or -1.11% at a volume of 2,48,972. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $18.77. The peak price level was also seen at $18.77 while the days lowest was $18.44. Finally the shares closed at $18.63. The 52-week high of the shares is $19.1 while the 52-week low is $7.53. According to the latest information available, the market cap of the company is $2,223 M.

Party City Holdco Inc(PRTY) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $519.41M. Analysts had an estimated revenue of $521.07M. Earnings per share were $0.24. Analysts had estimated an EPS of $0.19.

Several Insider Transactions has been reported to the SEC. On Mar 15, 2016, Norman S Matthews (director) purchased 38,000 shares at $12.86 per share price.Also, On Nov 23, 2015, Gregg A Melnick (President) purchased 8,300 shares at $12.23 per share price.On Nov 17, 2015, James M Harrison (CEO) purchased 10,000 shares at $12.62 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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 Company’s 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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