Media headlines about Moelis & Co (NYSE:MC) have been trending somewhat positive on Thursday, Accern reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Moelis & Co earned a news impact score of 0.18 on Accern’s scale. Accern also assigned news stories about the asset manager an impact score of 45.3732154003453 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Moelis & Co (NYSE:MC) traded up $0.05 during trading on Thursday, hitting $51.75. 191,813 shares of the stock traded hands, compared to its average volume of 214,883. The stock has a market cap of $2,760.00, a PE ratio of 24.76, a P/E/G ratio of 1.35 and a beta of 1.91. Moelis & Co has a 12-month low of $33.50 and a 12-month high of $52.55.
Several research analysts recently commented on the stock. Zacks Investment Research raised shares of Moelis & Co from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Wednesday, December 27th. ValuEngine raised shares of Moelis & Co from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. UBS Group raised their price target on shares of Moelis & Co from $42.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, October 26th. JMP Securities raised their price target on shares of Moelis & Co from $44.00 to $47.00 and gave the company a “market outperform” rating in a report on Thursday, October 26th. Finally, Morgan Stanley raised their price target on shares of Moelis & Co from $45.00 to $49.00 and gave the company an “overweight” rating in a report on Thursday, October 26th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $46.67.
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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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