Greenhill & Co. Receives Average Rating of “Hold” from Analysts (NYSE:GHL)
Shares of Greenhill & Co. (NYSE:GHL) have earned a consensus recommendation of “Hold” from the ten analysts that are covering the company, Analyst Ratings Net reports. Five analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $46.47.
Greenhill & Co. (NYSE:GHL) traded up 0.67% during mid-day trading on Wednesday, hitting $49.52. The stock had a trading volume of 27,245 shares. Greenhill & Co. has a one year low of $43.36 and a one year high of $60.98. The stock’s 50-day moving average is $46.75 and its 200-day moving average is $49.38. The company has a market cap of $1.402 billion and a P/E ratio of 57.40.
Greenhill & Co. (NYSE:GHL) last released its earnings data on Monday, July 28th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter 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 announced a quarterly dividend, which is scheduled for Wednesday, September 17th. Investors of record on Wednesday, September 3rd will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.66%. The ex-dividend date is Friday, August 29th.
GHL has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Greenhill & Co. from an “underperform” rating to a “neutral” rating in a research note on Friday, August 8th. They now have a $46.80 price target on the stock. Separately, 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. Finally, 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.
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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