TheStreet Upgrades Greenhill & Co. to Buy (GHL)
Greenhill & Co. (NYSE:GHL) was upgraded by TheStreet from a “hold” rating to a “buy” rating in a research note issued on Wednesday, StockRatingsNetwork reports.
The analysts wrote, “Greenhill (GHL) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, solid stock price performance and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins.”
Greenhill & Co. (NYSE:GHL) traded down 1.63% on Wednesday, hitting $49.64. 209,267 shares of the company’s stock traded hands. Greenhill & Co. has a one year low of $41.70 and a one year high of $61.99. The stock’s 50-day moving average is $48.99 and its 200-day moving average is $51.35. The company has a market cap of $1.377 billion and a price-to-earnings ratio of 29.00.
Greenhill & Co. (NYSE:GHL) last released its earnings data on Wednesday, July 17th. The company reported $0.52 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.53 by $0.01. The company had revenue of $83.10 million for the quarter, compared to the consensus estimate of $80.48 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up 83.2% on a year-over-year basis. On average, analysts predict that Greenhill & Co. will post $1.82 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on GHL. Analysts at JMP Securities downgraded shares of Greenhill & Co. from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday. Separately, analysts at Sandler O’Neill raised their price target on shares of Greenhill & Co. from $49.50 to $50.00 in a research note to investors on Friday, July 19th. They now have a “hold” rating on the stock. Finally, analysts at Credit Suisse cut their price target on shares of Greenhill & Co. from $47.00 to $46.00 in a research note to investors on Thursday, July 11th.
Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $48.74.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 18th. Investors of record on Wednesday, September 4th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.57%. The ex-dividend date is Friday, August 30th.
Greenhill & Co, Inc (NYSE:GHL)is an independent investment bank focused on providing financial advice on mergers, acquisitions, restructurings, financings and capital raising to corporations, partnerships, institutions and governments.
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