Rafferty Capital Markets Upgrades Greenhill & Co. to “Buy” (GHL)
Greenhill & Co. (NYSE:GHL) was upgraded by Rafferty Capital Markets from a “hold” rating to a “buy” rating in a research note issued on Monday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura upgraded shares of Greenhill & Co. from a “reduce” rating to a “neutral” rating in a research note on Wednesday, April 16th. They now have a $49.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Greenhill & Co. from an “underperform” rating to a “neutral” rating in a research note on Thursday, April 3rd. They now have a $53.80 price target on the stock. Finally, analysts at Sidoti initiated coverage on shares of Greenhill & Co. in a research note on Wednesday, March 12th. They set a “neutral” rating on the stock. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $50.80.
Greenhill & Co. (NYSE:GHL) traded up 4.26% during mid-day trading on Monday, hitting $52.92. The stock had a trading volume of 709,505 shares. Greenhill & Co. has a 1-year low of $43.21 and a 1-year high of $60.98. The stock has a 50-day moving average of $51.20 and a 200-day moving average of $53.09. The company has a market cap of $1.496 billion and a P/E ratio of 45.90.
Greenhill & Co. (NYSE:GHL) last released its earnings data on Wednesday, April 23rd. The company reported $0.01 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.27 by $0.26. The company had revenue of $43.60 million for the quarter, compared to the consensus estimate of $56.82 million. During the same quarter last year, the company posted $0.45 earnings per share. Greenhill & Co.’s revenue was down 45.2% compared to the same quarter last year. Analysts expect that Greenhill & Co. will post $1.66 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.40%. The ex-dividend date is Monday, June 2nd.
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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