Moelis & Co Given Average Recommendation of “Buy” by Brokerages (NYSE:MC)
Moelis & Co (NYSE:MC) has received a consensus rating of “Buy” from the six ratings firms that are currently covering the company, American Banking News reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $32.50.
Shares of Moelis & Co (NYSE:MC) traded up 0.33% during mid-day trading on Thursday, hitting $30.20. 33,447 shares of the company’s stock traded hands. Moelis & Co has a 52-week low of $25.75 and a 52-week high of $30.26. The stock’s 50-day moving average is $27.55 and its 200-day moving average is $27.55. The company has a market cap of $457.7 million and a price-to-earnings ratio of 47.70.
Moelis & Co (NYSE:MC) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.37 earnings per share (EPS) for the quarter. The company had revenue of $114.50 million for the quarter, compared to the consensus estimate of $59.85 million. On average, analysts predict that Moelis & Co will post $1.61 earnings per share for the current fiscal year.
MC has been the subject of a number of recent research reports. Analysts at Rafferty Capital Markets initiated coverage on shares of Moelis & Co in a research note on Wednesday. They set a “hold” rating and a $32.00 price target on the stock. Separately, analysts at Morgan Stanley initiated coverage on shares of Moelis & Co in a research note on Monday, May 12th. They set an “overweight” rating and a $34.00 price target on the stock. Finally, analysts at Goldman Sachs initiated coverage on shares of Moelis & Co in a research note on Monday, May 12th. They set a “buy” rating on the stock.
Moelis & Company is a global independent investment bank that provides strategic and financial advice to a diverse client base, including corporations, governments and financial sponsors.
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