Greenhill & Co., Inc. (NYSE:GHL) PT Lowered to $14.00

Greenhill & Co., Inc. (NYSE:GHLGet Rating) had its price objective reduced by research analysts at The Goldman Sachs Group from $16.00 to $14.00 in a research note issued on Tuesday, MarketBeat Ratings reports. The firm currently has a “sell” rating on the financial services provider’s stock. The Goldman Sachs Group’s price objective points to a potential downside of 1.69% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Piper Sandler cut their target price on Greenhill & Co., Inc. from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Thursday, April 7th. Zacks Investment Research cut Greenhill & Co., Inc. from a “buy” rating to a “hold” rating in a research report on Tuesday, April 5th. StockNews.com began coverage on Greenhill & Co., Inc. in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Finally, JMP Securities cut their target price on Greenhill & Co., Inc. from $22.00 to $20.00 and set a “market outperform” rating on the stock in a research report on Thursday, April 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Greenhill & Co., Inc. has an average rating of “Hold” and a consensus price target of $16.50.

Shares of Greenhill & Co., Inc. stock opened at $14.24 on Tuesday. The company has a debt-to-equity ratio of 2.55, a quick ratio of 2.72 and a current ratio of 2.72. Greenhill & Co., Inc. has a 52 week low of $13.25 and a 52 week high of $20.32. The stock has a 50 day moving average price of $16.75 and a two-hundred day moving average price of $17.12. The stock has a market capitalization of $260.35 million, a PE ratio of 8.38 and a beta of 0.81.

Greenhill & Co., Inc. (NYSE:GHLGet Rating) last announced its quarterly earnings data on Wednesday, February 2nd. The financial services provider reported $1.21 EPS for the quarter, missing the Zacks’ consensus estimate of $1.24 by ($0.03). Greenhill & Co., Inc. had a net margin of 13.32% and a return on equity of 50.54%. The firm had revenue of $116.73 million during the quarter, compared to analyst estimates of $115.24 million. During the same period last year, the business posted $2.71 EPS. Research analysts forecast that Greenhill & Co., Inc. will post 1.84 EPS for the current year.

In other Greenhill & Co., Inc. news, CEO Scott L. Bok purchased 19,541 shares of the company’s stock in a transaction that occurred on Tuesday, February 8th. The shares were acquired at an average cost of $18.45 per share, for a total transaction of $360,531.45. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 28.10% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the business. Parametric Portfolio Associates LLC raised its stake in shares of Greenhill & Co., Inc. by 6.7% in the second quarter. Parametric Portfolio Associates LLC now owns 16,655 shares of the financial services provider’s stock valued at $259,000 after buying an additional 1,052 shares during the period. Invesco Ltd. raised its stake in shares of Greenhill & Co., Inc. by 2.6% during the 3rd quarter. Invesco Ltd. now owns 67,490 shares of the financial services provider’s stock valued at $987,000 after purchasing an additional 1,684 shares during the period. First Trust Advisors LP raised its stake in shares of Greenhill & Co., Inc. by 10.3% during the 4th quarter. First Trust Advisors LP now owns 22,500 shares of the financial services provider’s stock valued at $403,000 after purchasing an additional 2,095 shares during the period. Denali Advisors LLC bought a new stake in shares of Greenhill & Co., Inc. during the 4th quarter valued at $39,000. Finally, IndexIQ Advisors LLC raised its stake in shares of Greenhill & Co., Inc. by 11.1% during the 3rd quarter. IndexIQ Advisors LLC now owns 27,281 shares of the financial services provider’s stock valued at $399,000 after purchasing an additional 2,732 shares during the period. Hedge funds and other institutional investors own 86.72% of the company’s stock.

About Greenhill & Co., Inc. (Get Rating)

Greenhill & Co, Inc, an independent investment bank, provides financial and strategic advisory services to corporations, partnerships, institutional investors, and governments worldwide. The company offers advisory services related to mergers and acquisitions, divestitures, restructurings, financings, private capital raising, and other similar transactions.

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