Brokerages Set Moelis & Company (NYSE:MC) Price Target at $72.00

Moelis & Company (NYSE:MC) has been assigned a consensus rating of “Hold” from the twelve research firms that are currently covering the firm, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $73.00.

A number of analysts recently commented on the company. Zacks Research lowered Moelis & Company from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 8th. Bank of America assumed coverage on shares of Moelis & Company in a research note on Monday. They set a “neutral” rating and a $81.00 price target for the company. UBS Group upped their price objective on Moelis & Company from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, January 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Moelis & Company in a research report on Monday, December 29th. Finally, BMO Capital Markets began coverage on Moelis & Company in a research report on Friday, October 3rd. They set a “market perform” rating and a $74.00 price target on the stock.

Hedge Funds Weigh In On Moelis & Company

Large investors have recently modified their holdings of the business. V Square Quantitative Management LLC purchased a new stake in shares of Moelis & Company during the 4th quarter valued at approximately $27,000. Bessemer Group Inc. raised its holdings in Moelis & Company by 89.8% during the 3rd quarter. Bessemer Group Inc. now owns 389 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 184 shares during the period. Allworth Financial LP lifted its position in shares of Moelis & Company by 153.9% during the third quarter. Allworth Financial LP now owns 419 shares of the asset manager’s stock worth $30,000 after acquiring an additional 254 shares in the last quarter. eCIO Inc. purchased a new stake in shares of Moelis & Company during the fourth quarter worth $33,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of 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 acquiring an additional 282 shares during the period. Hedge funds and other institutional investors own 91.53% of the company’s stock.

Moelis & Company Price Performance

NYSE MC opened at $71.64 on Friday. Moelis & Company has a 1 year low of $47.00 and a 1 year high of $82.89. The firm has a market cap of $5.61 billion, a price-to-earnings ratio of 23.96, a PEG ratio of 0.61 and a beta of 1.85. The company has a fifty day moving average price of $70.70 and a 200-day moving average price of $69.97.

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

About Moelis & Company

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.