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Moelis & Co (NYSE:MC)’s share price hit a new 52-week high during mid-day trading on Monday , Stock Ratings News reports. The stock traded as high as $32.00 and last traded at $31.54, with a volume of 20,512 shares trading hands. The stock had previously closed at $31.46.

A number of research firms have recently commented on MC. Analysts at Rafferty Capital Markets initiated coverage on shares of Moelis & Co in a research note on Wednesday, May 21st. 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. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $32.50.

The stock’s 50-day moving average is $28.12 and its 200-day moving average is $28.12. The company has a market cap of $474.0 million and a P/E ratio of 50.74.

Moelis & Co (NYSE:MC) last released its 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. Analysts expect that Moelis & Co will post $1.61 EPS for the current fiscal year.

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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