Moelis & (MC) Getting Somewhat Positive News Coverage, Analysis Finds
Media stories about Moelis & (NYSE:MC) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Moelis & earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned media stories about the asset manager an impact score of 46.2002852168302 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Several research firms recently weighed in on MC. Keefe, Bruyette & Woods raised Moelis & to a “hold” rating and set a $39.00 price objective for the company in a research report on Thursday, May 4th. ValuEngine upgraded Moelis & from a “hold” rating to a “buy” rating in a research note on Thursday, June 1st. Zacks Investment Research lowered Moelis & from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Bank of America Corporation upped 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. Finally, UBS AG reiterated a “neutral” rating and issued a $42.00 price objective (up from $40.00) on shares of Moelis & in a research note on Tuesday, July 25th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $39.22.
Shares of Moelis & (MC) traded up 0.90% during midday trading on Wednesday, reaching $39.15. 169,716 shares of the company traded hands. The company has a 50-day moving average of $39.75 and a 200 day moving average of $38.01. Moelis & has a 12-month low of $23.60 and a 12-month high of $44.85. The firm has a market capitalization of $1.08 billion, a PE ratio of 18.11 and a beta of 1.87.
Moelis & (NYSE:MC) last announced its earnings results on Monday, July 24th. The asset manager reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.15. The company had revenue of $172.10 million during the quarter, compared to analyst estimates of $156.85 million. Moelis & had a net margin of 8.50% and a return on equity of 52.98%. The firm’s quarterly revenue was up 30.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 earnings per share. On average, equities analysts forecast that Moelis & will post $2.25 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Thursday, August 3rd were given 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 3.78%. Moelis &’s payout ratio is currently 74.00%.
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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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