Sandler O’Neill Upgrades Greenhill & Co. to “Buy” (GHL)
Greenhill & Co. (NYSE:GHL) was upgraded by analysts at Sandler O’Neill from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Greenhill & Co. from a “neutral” rating to an “underperform” rating in a research note on Wednesday, June 11th. They now have a $46.80 price target on the stock. Separately, analysts at TheStreet downgraded shares of Greenhill & Co. from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. Finally, analysts at Goldman Sachs raised their price target on shares of Greenhill & Co. from $46.00 to $48.00 in a research note on Monday, May 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Greenhill & Co. currently has an average rating of “Hold” and an average target price of $48.36.
Greenhill & Co. (NYSE:GHL) opened at 47.55 on Wednesday. Greenhill & Co. has a 52-week low of $43.96 and a 52-week high of $60.98. The stock’s 50-day moving average is $48.92 and its 200-day moving average is $52.38. The company has a market cap of $1.344 billion and a P/E ratio of 42.99.
Greenhill & Co. (NYSE:GHL) last issued its quarterly 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. On average, analysts predict that Greenhill & Co. will post $1.60 earnings per share for the current fiscal year.
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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