Moelis & Company (NYSE:MC) Given Consensus Recommendation of “Hold” by Analysts

Moelis & Company (NYSE:MCGet Rating) has been assigned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $56.43.

Several analysts have recently issued reports on MC shares. The Goldman Sachs Group decreased their target price on shares of Moelis & Company from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 12th. Keefe, Bruyette & Woods lowered shares of Moelis & Company from an “outperform” rating to a “market perform” rating and set a $57.00 price objective on the stock. in a research report on Wednesday, April 6th. StockNews.com began coverage on shares of Moelis & Company in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Piper Sandler lowered shares of Moelis & Company from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $52.00 to $50.00 in a research report on Thursday, April 28th. Finally, Morgan Stanley reduced their price objective on shares of Moelis & Company from $65.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 8th.

Shares of NYSE MC opened at $44.52 on Tuesday. The firm’s 50-day moving average price is $45.28 and its 200-day moving average price is $53.60. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 8.43 and a beta of 1.20. Moelis & Company has a 12-month low of $39.94 and a 12-month high of $77.49.

Moelis & Company (NYSE:MCGet Rating) last announced its earnings results on Wednesday, April 27th. The asset manager reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.16. Moelis & Company had a net margin of 23.08% and a return on equity of 89.78%. During the same quarter in the previous year, the business posted $0.75 EPS. On average, equities analysts forecast that Moelis & Company will post 3.73 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 8th. Shareholders of record on Monday, May 9th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, May 6th. This represents a $2.40 dividend on an annualized basis and a yield of 5.39%. Moelis & Company’s dividend payout ratio is currently 45.45%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Counterpoint Mutual Funds LLC bought a new position in shares of Moelis & Company during the fourth quarter valued at approximately $26,000. Clearstead Advisors LLC acquired a new stake in Moelis & Company in the third quarter valued at approximately $28,000. Liberty Wealth Management LLC boosted its stake in Moelis & Company by 101.0% in the third quarter. Liberty Wealth Management LLC now owns 422 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 212 shares in the last quarter. Covestor Ltd acquired a new stake in Moelis & Company in the fourth quarter valued at approximately $29,000. Finally, Kings Point Capital Management acquired a new stake in Moelis & Company in the third quarter valued at approximately $34,000. Hedge funds and other institutional investors own 86.17% of the company’s stock.

Moelis & Company Company Profile (Get Rating)

Moelis & Company operates as an investment banking advisory firm in the United States, Europe, and internationally. It offers advisory services in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters. The company offers its services to public multinational corporations, middle market private companies, financial sponsors, entrepreneurs, governments, and sovereign wealth funds.

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Analyst Recommendations for Moelis & Company (NYSE:MC)

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