Moelis & Co (MC) Receives Consensus Rating of “Buy” from Brokerages

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.

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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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