Moelis & Co Given Average Recommendation of “Buy” by Analysts (NYSE:MC)
Moelis & Co (NYSE:MC) has received a consensus recommendation of “Buy” from the eight brokerages that are presently covering the company, AnalystRatings.Net reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $33.25.
MC has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Moelis & Co from a “neutral” rating to an “outperform” rating in a research note on Friday, August 22nd. They now have a $36.50 price target on the stock. Separately, analysts at JMP Securities reiterated a “market outperform” rating on shares of Moelis & Co in a research note on Friday, July 11th. They now have a $35.00 price target on the stock, up previously from $33.00. Finally, 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.
Moelis & Co (NYSE:MC) opened at 35.16 on Monday. Moelis & Co has a 1-year low of $25.75 and a 1-year high of $36.01. The stock’s 50-day moving average is $33.47 and its 200-day moving average is $31.68. The company’s market cap is $532.8 million.
Moelis & Co (NYSE:MC) last announced its earnings results on Wednesday, July 30th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.18. The company had revenue of $131.70 million for the quarter, compared to the consensus estimate of $84.80 million. The company’s revenue for the quarter was up 33.7% on a year-over-year basis. Analysts expect that Moelis & Co will post $1.73 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 8th. Shareholders of record on Monday, August 25th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Thursday, August 21st.
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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