Moelis & Company (MC) Given Consensus Rating of “Buy” by Brokerages
Shares of Moelis & Company (NYSE:MC) have been assigned an average recommendation of “Buy” from the twelve brokerages that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $39.25.
MC has been the subject of a number of research reports. Bank of America Corporation raised their price objective on Moelis & from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, July 25th. ValuEngine upgraded Moelis & from a “hold” rating to a “buy” rating in a report on Thursday, June 1st. BidaskClub lowered Moelis & from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research lowered Moelis & from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 28th. Finally, JMP Securities raised their target price on Moelis & from $42.00 to $44.00 and gave the company a “market outperform” rating in a report on Tuesday, July 25th.
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Shares of Moelis & (NYSE:MC) opened at 39.65 on Friday. The company has a market cap of $1.09 billion, a PE ratio of 18.34 and a beta of 1.88. Moelis & has a 1-year low of $23.60 and a 1-year high of $44.85. The firm has a 50-day moving average price of $39.73 and a 200 day moving average price of $38.09.
Moelis & (NYSE:MC) last announced its quarterly earnings data on Monday, July 24th. The asset manager reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.15. Moelis & had a return on equity of 52.98% and a net margin of 8.50%. The firm had revenue of $172.10 million during the quarter, compared to analysts’ expectations of $156.85 million. During the same quarter last year, the firm posted $0.35 earnings per share. The company’s revenue for the quarter was up 30.7% compared to the same quarter last year. On average, equities analysts anticipate that Moelis & will post $2.25 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Thursday, August 3rd were issued a $0.37 dividend. The ex-dividend date was Tuesday, August 1st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.73%. Moelis &’s dividend payout ratio is presently 74.00%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Deprince Race & Zollo Inc. bought a new position in Moelis & during the first quarter worth $39,733,000. AGF Investments Inc. acquired a new stake in shares of Moelis & during the second quarter worth approximately $21,907,000. Russell Investments Group Ltd. raised its stake in shares of Moelis & by 2,701.1% in the first quarter. Russell Investments Group Ltd. now owns 566,075 shares of the asset manager’s stock worth $21,794,000 after buying an additional 545,866 shares during the period. Vanguard Group Inc. raised its stake in shares of Moelis & by 31.1% in the first quarter. Vanguard Group Inc. now owns 1,920,061 shares of the asset manager’s stock worth $73,923,000 after buying an additional 455,098 shares during the period. Finally, Rothschild Asset Management Inc. acquired a new stake in shares of Moelis & during the first quarter worth approximately $11,942,000. Institutional investors own 90.82% of the company’s stock.
About Moelis &
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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