Greenhill & Co. Stock Rating Upgraded by Zacks (GHL)
Greenhill & Co. (NYSE:GHL) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report released on Friday. The firm currently has a $46.80 price objective on the stock. Zacks‘s target price points to a potential upside of 1.78% from the stock’s previous close.
Shares of Greenhill & Co. (NYSE:GHL) traded up 0.39% during mid-day trading on Friday, hitting $45.98. 329,289 shares of the company’s stock traded hands. Greenhill & Co. has a 52-week low of $43.36 and a 52-week high of $60.98. The stock’s 50-day moving average is $46.03 and its 200-day moving average is $49.88. The company has a market cap of $1.302 billion and a price-to-earnings ratio of 53.44.
Greenhill & Co. (NYSE:GHL) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.27 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.30 by $0.03. The company had revenue of $64.00 million for the quarter, compared to the consensus estimate of $62.90 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. The company’s quarterly revenue was down 27.3% on a year-over-year basis. On average, analysts predict that Greenhill & Co. will post $1.48 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 17th. Investors of record on Wednesday, September 3rd will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend is Friday, August 29th.
A number of other firms have also recently commented on GHL. Analysts at Susquehanna cut their price target on shares of Greenhill & Co. from $43.00 to $40.00 in a research note on Tuesday, July 29th. Separately, analysts at Nomura cut their price target on shares of Greenhill & Co. from $49.00 to $45.00 in a research note on Tuesday, July 29th. They now have a “neutral” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Greenhill & Co. from $46.00 to $47.00 in a research note on Tuesday, July 29th. They now have a “neutral” rating on the stock. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Greenhill & Co. presently has an average rating of “Hold” and an average price target of $46.47.
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.
To view Zacks’ full report, visit Zacks’ official website.
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.