Moelis & Co (MC) Receives $46.50 Consensus PT from Brokerages
Shares of Moelis & Co (NYSE:MC) have been given an average recommendation of “Buy” by the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $46.50.
A number of analysts have recently issued reports on MC shares. Morgan Stanley lifted their price objective on shares of Moelis & Co from $45.00 to $49.00 and gave the company an “overweight” rating in a research note on Thursday, October 26th. JMP Securities lifted their price objective on shares of Moelis & Co from $44.00 to $47.00 and gave the company a “market outperform” rating in a research note on Thursday, October 26th. ValuEngine upgraded shares of Moelis & Co from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research upgraded shares of Moelis & Co from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Wednesday, December 27th. Finally, UBS Group raised their price target on shares of Moelis & Co from $42.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, October 26th.
Moelis & Co (MC) traded down $0.90 on Tuesday, hitting $50.85. 221,156 shares of the stock were exchanged, compared to its average volume of 214,101. The stock has a market capitalization of $2,710.00, a price-to-earnings ratio of 24.33, a P/E/G ratio of 1.37 and a beta of 1.85. Moelis & Co has a 12 month low of $34.05 and a 12 month high of $52.55.
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Moelis & Co Company Profile
Moelis & Company is an investment banking advisory company. The Company provides strategic and financial advice to a client base, including corporations, governments and financial sponsors. The Company offers financial advisory services across various industry sectors. It advices its clients on decisions, including mergers and acquisitions (M&A), recapitalizations and restructurings, and other corporate finance matters.
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