Greenhill & Co. Downgraded by Zacks to “Underperform” (GHL)
Greenhill & Co. (NYSE:GHL) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Tuesday, American Banking News reports. They currently have a $50.00 price objective on the stock. Zacks‘ price target would indicate a potential upside of 0.66% from the stock’s previous close.
A number of other firms have also recently commented on GHL. Analysts at Nomura initiated coverage on shares of Greenhill & Co. in a research note to investors on Thursday, January 9th. They set a “reduce” rating and a $52.00 price target on the stock. Separately, analysts at UBS AG raised their price target on shares of Greenhill & Co. from $49.00 to $56.00 in a research note to investors on Monday, January 6th. They now have a “neutral” rating on the stock. Finally, analysts at Credit Suisse initiated coverage on shares of Greenhill & Co. in a research note to investors on Tuesday, December 10th. They set a “neutral” rating on the stock. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. Greenhill & Co. presently has a consensus rating of “Hold” and an average price target of $50.71.
Greenhill & Co. (NYSE:GHL) last issued its quarterly earnings data on Monday, January 27th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.01. The company had revenue of $76.30 million for the quarter, compared to the consensus estimate of $80.29 million. During the same quarter in the previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was down 17.3% on a year-over-year basis.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, March 19th. Investors of record on Wednesday, March 5th will be paid a dividend of 0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.62%. The ex-dividend date is Monday, March 3rd.
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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