Analysts Set Moelis & Company (NYSE:MC) Target Price at $71.63

by · The Cerbat Gem

Shares of Moelis & Company (NYSE:MC – Get Free Report) have received an average recommendation of “Hold” from the twelve research firms that are presently covering the firm, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $71.6250.

Several research analysts have issued reports on the stock. Keefe, Bruyette & Woods cut shares of Moelis & Company from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $78.00 to $80.00 in a report on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Moelis & Company in a research report on Thursday, October 9th. They set a “buy” rating and a $80.00 price target for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Moelis & Company in a research report on Monday. Seaport Res Ptn upgraded Moelis & Company from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 30th. Finally, Zacks Research cut Moelis & Company from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 8th.

Get Our Latest Research Report on MC

Moelis & Company Trading Down 2.5%

Moelis & Company stock opened at $68.71 on Monday. Moelis & Company has a 12 month low of $47.00 and a 12 month high of $82.89. The company has a market capitalization of $5.38 billion, a price-to-earnings ratio of 22.98, a price-to-earnings-growth ratio of 0.73 and a beta of 1.90. The business’s fifty day simple moving average is $66.55 and its two-hundred day simple moving average is $68.30.

Moelis & Company (NYSE:MC – Get Free Report) last issued its quarterly earnings results on Wednesday, October 29th. The asset manager reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.11. The firm had revenue of $356.89 million during the quarter, compared to the consensus estimate of $336.14 million. Moelis & Company had a return on equity of 45.62% and a net margin of 15.98%.The company’s revenue was up 30.4% on a year-over-year basis. During the same period last year, the company earned $0.22 earnings per share. On average, equities research analysts predict that Moelis & Company will post 2.97 EPS for the current year.

Moelis & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 10th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 3.8%. The ex-dividend date was Monday, November 10th. Moelis & Company’s dividend payout ratio (DPR) is presently 86.96%.

Hedge Funds Weigh In On Moelis & Company

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bessemer Group Inc. grew its stake in shares of Moelis & Company by 89.8% in the third quarter. Bessemer Group Inc. now owns 389 shares of the asset manager’s stock worth $28,000 after acquiring an additional 184 shares during the period. Allworth Financial LP lifted its position in Moelis & Company by 153.9% during the third quarter. Allworth Financial LP now owns 419 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 254 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Moelis & Company by 89.5% in the second quarter. EverSource Wealth Advisors LLC now owns 597 shares of the asset manager’s stock worth $37,000 after purchasing an additional 282 shares during the last quarter. Quarry LP boosted its holdings in Moelis & Company by 1,811.1% in the third quarter. Quarry LP now owns 516 shares of the asset manager’s stock worth $37,000 after purchasing an additional 489 shares during the last quarter. Finally, Global Retirement Partners LLC grew its position in Moelis & Company by 103.0% in the 3rd quarter. Global Retirement Partners LLC now owns 544 shares of the asset manager’s stock worth $39,000 after purchasing an additional 276 shares during the period. Institutional investors own 91.53% of the company’s stock.

About Moelis & Company

(Get Free Report)

Moelis & Co operates as a holding company. It engages in the provision of financial advisory, capital raising and asset management services to a client base including corporations, governments, sovereign wealth funds and financial sponsors. The firm focuses on clients including large public multinational corporations, middle market private companies, financial sponsors, entrepreneurs and governments. The company was founded by Kenneth David Moelis, Navid Mahmoodzadegan, Jeffrey Raich and Elizabeth Ann Crain in July 2007 and is headquartered in New York, NY.

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