Greenhill & Co. Price Target Cut to $48.00 by Analysts at Sandler O’Neill (GHL)
Investment analysts at Sandler O’Neill lowered their price objective on shares of Greenhill & Co. (NYSE:GHL) from $50.00 to $48.00 in a note issued to investors on Tuesday, StockRatingsNetwork.com reports. The firm currently has a “hold” rating on the stock. Sandler O’Neill’s price target suggests a potential upside of 6.76% from the company’s current price.
A number of other firms have also recently commented on GHL. Analysts at Susquehanna raised their price target on shares of Greenhill & Co. from $43.00 to $46.00 in a research note to investors on Tuesday, September 17th. They now have a “neutral” rating on the stock. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Greenhill & Co. from $47.00 to $52.00 in a research note to investors on Friday, September 13th. Finally, analysts at TheStreet upgraded shares of Greenhill & Co. from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, August 21st. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $48.89.
Shares of Greenhill & Co. (NYSE:GHL) traded down 1.32% on Tuesday, hitting $44.96. The stock had a trading volume of 353,012 shares. Greenhill & Co. has a one year low of $43.10 and a one year high of $61.99. The stock’s 50-day moving average is $49.48 and its 200-day moving average is $48.95. The company has a market cap of $1.248 billion and a price-to-earnings ratio of 26.18.
Greenhill & Co. (NYSE:GHL) last issued its quarterly 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 prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 83.2% on a year-over-year basis. On average, analysts predict that Greenhill & Co. will post $1.68 earnings per share for the current fiscal year.
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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