Moelis & Co (NYSE:MC) was downgraded by investment analysts at Bank of America from a “buy” rating to an “underperform” rating in a report released on Thursday, Briefing.com Automated Import reports.

A number of other brokerages also recently weighed in on MC. Morgan Stanley lowered their price objective on shares of Moelis & Co from $59.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 8th. ValuEngine upgraded shares of Moelis & Co from a “sell” rating to a “hold” rating in a research report on Wednesday, January 16th. Zacks Investment Research downgraded shares of Moelis & Co from a “buy” rating to a “hold” rating in a research report on Wednesday. JMP Securities lowered their price objective on shares of Moelis & Co from $56.00 to $50.00 and set a “market outperform” rating on the stock in a research report on Monday. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $43.00 price objective on shares of Moelis & Co in a research report on Friday, January 4th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $53.89.

Shares of NYSE:MC traded down $1.22 during trading on Thursday, reaching $37.77. 297,543 shares of the stock traded hands, compared to its average volume of 512,433. Moelis & Co has a 52-week low of $32.66 and a 52-week high of $67.65. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 1.27 and a beta of 2.00.

Moelis & Co (NYSE:MC) last posted its quarterly earnings results on Wednesday, February 6th. The asset manager reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.10. Moelis & Co had a net margin of 15.88% and a return on equity of 57.34%. The firm had revenue of $238.30 million for the quarter, compared to analysts’ expectations of $224.54 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. The business’s revenue for the quarter was up 40.8% on a year-over-year basis. On average, sell-side analysts forecast that Moelis & Co will post 2.8 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Campbell Newman Asset Management Inc. raised its position in shares of Moelis & Co by 3.2% during the 1st quarter. Campbell Newman Asset Management Inc. now owns 9,656 shares of the asset manager’s stock valued at $402,000 after purchasing an additional 297 shares during the period. Sageworth Trust Co bought a new stake in shares of Moelis & Co during the 1st quarter valued at $28,000. Tibra Equities Europe Ltd bought a new stake in shares of Moelis & Co during the 1st quarter valued at $512,000. Roubaix Capital LLC bought a new stake in shares of Moelis & Co during the 1st quarter valued at $3,279,000. Finally, Deutsche Bank AG raised its position in shares of Moelis & Co by 172.5% during the 4th quarter. Deutsche Bank AG now owns 248,355 shares of the asset manager’s stock valued at $8,536,000 after purchasing an additional 157,211 shares during the period. Institutional investors and hedge funds own 75.78% of the company’s stock.

Moelis & Co Company Profile

Moelis & Company, an investment bank, provides strategic and financial advisory services in the United States and internationally. It advises clients in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets advisory, and other corporate finance matters. The company offers its services to public multinational corporations, governments, financial sponsors, middle market private companies, and individual entrepreneurs.

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Analyst Recommendations for Moelis & Co (NYSE:MC)

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