Greenhill & Co. (GHL) Trading Up 2.7%
Shares of Greenhill & Co. (NYSE:GHL) were up 2.7% during trading on Tuesday . The company traded as high as $22.97 and last traded at $22.89, with a volume of 471,786 shares traded. The stock had previously closed at $22.29.
A number of analysts have commented on GHL shares. Credit Suisse Group AG restated a “hold” rating and set a $13.00 price target on shares of Greenhill & Co. in a research report on Wednesday, June 29th. Zacks Investment Research raised shares of Greenhill & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, June 15th. One analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $27.38.
The stock has a market cap of $677.89 million and a price-to-earnings ratio of 22.35. The firm has a 50-day moving average of $20.29 and a 200-day moving average of $20.50.
Greenhill & Co. (NYSE:GHL) last posted its earnings results on Tuesday, July 26th. The company reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.13. The firm earned $90.50 million during the quarter, compared to the consensus estimate of $89.61 million. During the same period in the previous year, the company posted $0.30 EPS. The firm’s revenue for the quarter was up 23.3% compared to the same quarter last year. On average, analysts predict that Greenhill & Co. will post $1.44 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 21st. Stockholders of record on Wednesday, September 7th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 7.86%. The ex-dividend date of this dividend is Friday, September 2nd.
Greenhill & Co, Inc is an investment bank. The Company provides financial and advisory services on domestic and cross-border mergers and acquisitions, divestitures, restructurings, financings, capital raising and other transactions to a diverse client base, including corporations, partnerships, institutions and governments.
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