Moelis & Co Given Average Recommendation of “Buy” by Analysts (NYSE:MC)
Moelis & Co (NYSE:MC) has been given an average rating of “Buy” by the seven ratings firms that are presently covering the company, Analyst Ratings Network.com reports. Three investment 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 analysts that have issued ratings on the stock in the last year is $32.20.
Shares of Moelis & Co (NYSE:MC) traded down 0.21% during mid-day trading on Monday, hitting $33.13. The stock had a trading volume of 68,396 shares. Moelis & Co has a 52-week low of $25.75 and a 52-week high of $35.85. The stock has a 50-day moving average of $31.92 and a 200-day moving average of $30.27. The company has a market cap of $502.1 million and a P/E ratio of 53.55.
Moelis & Co (NYSE:MC) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.37 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 $1.59 earnings per share for the current fiscal year.
MC has been the subject of a number of recent research reports. Analysts at Susquehanna initiated coverage on shares of Moelis & Co in a research note on Thursday, June 5th. They set a “neutral” rating and a $31.00 price target on the stock. Separately, 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. Finally, 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.
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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