Headlines about Moelis & Co (NYSE:MC) have trended somewhat positive recently, Accern Sentiment reports. The research group scores the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Moelis & Co earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned press coverage about the asset manager an impact score of 45.6740073003029 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
A number of research firms have recently weighed in on MC. Zacks Investment Research upgraded shares of Moelis & Co from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Wednesday, December 27th. ValuEngine upgraded shares of Moelis & Co from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. UBS Group increased their target price on shares of Moelis & Co from $42.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, October 26th. JMP Securities increased their target price on shares of Moelis & Co from $44.00 to $47.00 and gave the stock a “market outperform” rating in a report on Thursday, October 26th. Finally, Morgan Stanley increased their target price on shares of Moelis & Co from $45.00 to $49.00 and gave the stock an “overweight” rating in a report on Thursday, October 26th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $46.67.
Shares of Moelis & Co (NYSE:MC) opened at $50.25 on Friday. The firm has a market cap of $2,680.00, a PE ratio of 24.04, a PEG ratio of 2.10 and a beta of 1.91. Moelis & Co has a 1-year low of $33.10 and a 1-year high of $50.40.
Moelis & Co (NYSE:MC) last posted its earnings results on Wednesday, October 25th. The asset manager reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.15. Moelis & Co had a net margin of 25.45% and a return on equity of 25.11%. The company had revenue of $170.00 million during the quarter, compared to analyst estimates of $168.51 million. During the same period in the prior year, the business posted $0.44 earnings per share. Moelis & Co’s revenue for the quarter was up 12.8% on a year-over-year basis. analysts expect that Moelis & Co will post 2.33 EPS for the current fiscal year.
In related news, Chairman Kenneth Moelis sold 30,656 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $42.67, for a total value of $1,308,091.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders sold 80,956 shares of company stock valued at $3,451,515. 52.64% of the stock is owned by insiders.
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About Moelis & Co
Moelis & Company is an investment banking advisory company. 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. It advices its clients on decisions, including mergers and acquisitions (M&A), recapitalizations and restructurings, and other corporate finance matters.
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