Shares of Moelis & Co (NYSE:MC) have received an average rating of “Buy” from the eight research firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $53.00.
A number of research firms recently weighed in on MC. Zacks Investment Research upgraded Moelis & Co from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Tuesday, October 31st. Bank of America boosted their target price on Moelis & Co from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. ValuEngine upgraded Moelis & Co from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Morgan Stanley boosted their target price on Moelis & Co from $49.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th.
Shares of Moelis & Co (NYSE MC) opened at $51.20 on Friday. The stock has a market capitalization of $2,730.00, a PE ratio of 8.48, a PEG ratio of 1.31 and a beta of 1.85. Moelis & Co has a 12-month low of $34.60 and a 12-month high of $54.36.
Moelis & Co (NYSE:MC) last issued its quarterly earnings results on Wednesday, February 7th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.10. The firm had revenue of $169.17 million during the quarter, compared to the consensus estimate of $160.22 million. Moelis & Co had a return on equity of 48.98% and a net margin of 4.29%. The company’s revenue for the quarter was down 17.3% on a year-over-year basis. During the same quarter last year, the company posted $0.66 EPS. equities analysts expect that Moelis & Co will post 2.73 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 7th. Investors of record on Tuesday, February 20th will be given a $0.47 dividend. This is an increase from Moelis & Co’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.88 dividend on an annualized basis and a yield of 3.67%. Moelis & Co’s payout ratio is presently 31.13%.
Large investors have recently added to or reduced their stakes in the stock. We Are One Seven LLC bought a new stake in Moelis & Co in the 4th quarter worth approximately $144,000. Advisor Group Inc. bought a new stake in Moelis & Co in the 3rd quarter worth approximately $138,000. Great West Life Assurance Co. Can lifted its position in Moelis & Co by 69.3% in the 3rd quarter. Great West Life Assurance Co. Can now owns 3,523 shares of the asset manager’s stock worth $152,000 after buying an additional 1,442 shares during the last quarter. First Republic Investment Management Inc. bought a new stake in Moelis & Co in the 4th quarter worth approximately $200,000. Finally, Cetera Advisors LLC purchased a new position in Moelis & Co in the 4th quarter worth approximately $204,000. Institutional investors own 58.69% of the company’s stock.
WARNING: “Moelis & Co (MC) Receives Consensus Rating of “Buy” from Brokerages” was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/02/24/moelis-co-mc-receives-consensus-rating-of-buy-from-brokerages.html.
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.
Receive News & Ratings for Moelis & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moelis & Co and related companies with MarketBeat.com's FREE daily email newsletter.