Party City Holdco Receives a Hold from BMO Capital

By Ryan Adsit

BMO Capital analyst Wayne Hood reiterated a Hold rating on Party City Holdco (NYSE: PRTY) yesterday and set a price target of $18. The company’s shares opened today at $14.35.

According to TipRanks.com, Hood is a 5-star analyst with an average return of 13.2% and a 69.0% success rate. Hood covers the Services sector, focusing on stocks such as Dick’s Sporting Goods, Wal-Mart Stores, and Dollar General.

Party City Holdco has an analyst consensus of Hold, with a price target consensus of $18.

The company has a one year high of $19.10 and a one year low of $7.53. Currently, Party City Holdco has an average volume of 358.5K.

Party City Holdco, Inc. engages in the design, manufacture, and distribution of decorated party goods. It operates through the Wholesale and Retail segments. The Wholesale segment comprises sale of Amscan, Designware, Anagram, Costumes USA and other party supplies to party goods superstores. The Retail segment consists of sale of merchandise to the end consumer through the chain of company-owned party goods stores, online through electronic commerce websites, including PartyCity.com and Halloween City locations. The company was founded in 1947 and is headquartered in Elmsford, NY.