Greenhill & Co. Price Target Raised to $48.00 at Goldman Sachs (GHL)
Equities researchers at Goldman Sachs increased their target price on shares of Greenhill & Co. (NYSE:GHL) from $46.00 to $48.00 in a research report issued on Monday, Stock Ratings Network reports. Goldman Sachs’ target price would indicate a potential downside of 4.72% from the company’s current price.
Shares of Greenhill & Co. (NYSE:GHL) traded up 1.57% during mid-day trading on Monday, hitting $51.17. The stock had a trading volume of 613,415 shares. Greenhill & Co. has a one year low of $43.21 and a one year high of $60.98. The stock’s 50-day moving average is $50.74 and its 200-day moving average is $53.19. The company has a market cap of $1.447 billion and a P/E ratio of 45.55.
Greenhill & Co. (NYSE:GHL) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was down 45.2% on a year-over-year basis. Analysts expect that Greenhill & Co. will post $1.61 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend is Monday, June 2nd.
A number of other analysts have also recently weighed in on GHL. Analysts at Rafferty Capital Markets upgraded shares of Greenhill & Co. from a “hold” rating to a “buy” rating in a research note on Monday, May 5th. Separately, 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. Finally, 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. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $50.40.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.