Moelis & Co. (MC) Raised to Buy at TheStreet
MC has been the topic of a number of other research reports. Zacks Investment Research raised shares of Moelis & Co. from a hold rating to a buy rating and set a $29.00 price target on the stock in a research report on Tuesday, October 4th. Credit Suisse Group AG reaffirmed a neutral rating and set a $26.00 price target on shares of Moelis & Co. in a research report on Sunday, November 20th. Finally, Sandler O’Neill cut shares of Moelis & Co. from a buy rating to a hold rating and cut their price target for the company from $30.00 to $27.00 in a research report on Thursday, October 13th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $29.75.
Moelis & Co. (NYSE:MC) opened at 29.20 on Friday. The stock has a 50 day moving average price of $26.39 and a 200 day moving average price of $25.92. Moelis & Co. has a one year low of $21.91 and a one year high of $30.16. The company has a market cap of $601.67 million, a PE ratio of 17.70 and a beta of 1.75.
Moelis & Co. (NYSE:MC) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.10. The business had revenue of $150.70 million for the quarter, compared to analysts’ expectations of $131.69 million. Moelis & Co. had a net margin of 5.92% and a return on equity of 40.28%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.45 earnings per share. On average, equities analysts anticipate that Moelis & Co. will post $1.63 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 7th. Stockholders of record on Tuesday, November 22nd will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, November 18th. This represents a $1.28 annualized dividend and a dividend yield of 4.38%. This is a positive change from Moelis & Co.’s previous quarterly dividend of $0.30. Moelis & Co.’s dividend payout ratio is currently 85.91%.
Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Moelis & Co. by 234.8% in the third quarter. BlackRock Inc. now owns 4,232 shares of the company’s stock worth $114,000 after buying an additional 2,968 shares in the last quarter. Old Mutual Global Investors UK Ltd. acquired a new stake in Moelis & Co. during the third quarter worth $151,000. BlackRock Advisors LLC raised its stake in Moelis & Co. by 10.8% in the second quarter. BlackRock Advisors LLC now owns 9,460 shares of the company’s stock worth $213,000 after buying an additional 920 shares in the last quarter. Emerald Acquisition Ltd. acquired a new stake in Moelis & Co. during the second quarter worth $222,000. Finally, American International Group Inc. raised its stake in Moelis & Co. by 3.8% in the second quarter. American International Group Inc. now owns 10,699 shares of the company’s stock worth $241,000 after buying an additional 396 shares in the last quarter. Hedge funds and other institutional investors own 84.19% of the company’s stock.
Moelis & Co. Company Profile
Moelis & Company is an investment banking advisory firm. The Company provides strategic and financial advice to a client base, including corporations, governments and financial sponsors. The Company offers financial advisory services across various industry sectors. The Company advices its clients on decisions, including mergers and acquisitions (M&A), recapitalizations and restructurings, and other corporate finance matters.
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