Greenhill & Co., Inc. (NYSE:GHL)‘s stock had its “hold” rating reaffirmed by equities research analysts at Keefe, Bruyette & Woods in a research note issued on Thursday. They currently have a $17.00 price objective on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target suggests a potential downside of 2.86% from the stock’s previous close.

Several other brokerages have also recently weighed in on GHL. ValuEngine raised shares of Greenhill & Co. from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. TheStreet cut shares of Greenhill & Co. from a “b-” rating to a “c+” rating in a research note on Wednesday, June 21st. Sandler O’Neill cut shares of Greenhill & Co. from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $25.00 to $18.00 in a research note on Tuesday, October 10th. UBS AG reissued a “sell” rating and issued a $9.00 price objective (down previously from $17.00) on shares of Greenhill & Co. in a research note on Monday, August 21st. Finally, Nomura reduced their price objective on shares of Greenhill & Co. from $16.00 to $14.00 and set a “reduce” rating on the stock in a research note on Tuesday, September 26th. Six investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The company currently has a consensus rating of “Sell” and an average price target of $16.67.

Shares of Greenhill & Co. (NYSE GHL) traded up 0.86% on Thursday, reaching $17.50. The company’s stock had a trading volume of 1,581,403 shares. Greenhill & Co. has a 52-week low of $13.80 and a 52-week high of $32.45. The company has a market cap of $518.67 million, a PE ratio of 23.97 and a beta of 1.27. The firm has a 50 day moving average of $15.72 and a 200 day moving average of $19.76.

Greenhill & Co. (NYSE:GHL) last issued its quarterly earnings data on Wednesday, October 18th. The financial services provider reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.25). Greenhill & Co. had a return on equity of 8.96% and a net margin of 8.49%. The business had revenue of $48.09 million during the quarter, compared to the consensus estimate of $38.33 million. During the same period in the prior year, the firm earned $0.41 EPS. The business’s revenue for the quarter was down 37.2% compared to the same quarter last year. Analysts predict that Greenhill & Co. will post $0.07 earnings per share for the current year.

Greenhill & Co. announced that its Board of Directors has approved a share buyback plan on Monday, September 25th that permits the company to buyback $235.00 million in outstanding shares. This buyback authorization permits the financial services provider to buy up to 55.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

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Several hedge funds have recently added to or reduced their stakes in GHL. State of Alaska Department of Revenue boosted its position in shares of Greenhill & Co. by 44.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 7,615 shares of the financial services provider’s stock worth $152,000 after purchasing an additional 2,345 shares in the last quarter. Mason Street Advisors LLC boosted its position in shares of Greenhill & Co. by 8.2% during the 1st quarter. Mason Street Advisors LLC now owns 6,432 shares of the financial services provider’s stock worth $188,000 after purchasing an additional 489 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Greenhill & Co. by 1.1% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 9,499 shares of the financial services provider’s stock worth $191,000 after purchasing an additional 102 shares in the last quarter. Globeflex Capital L P bought a new position in shares of Greenhill & Co. during the 1st quarter worth about $201,000. Finally, People s United Financial Inc. boosted its position in shares of Greenhill & Co. by 0.8% during the 2nd quarter. People s United Financial Inc. now owns 10,432 shares of the financial services provider’s stock worth $210,000 after purchasing an additional 83 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

About Greenhill & Co.

Greenhill & Co, Inc is an investment bank. The Company provides financial and strategic advice on domestic and cross-border mergers and acquisitions, divestitures, restructurings, financings, capital raising and other transactions to a diverse client base, including corporations, partnerships, institutions and governments globally.

Analyst Recommendations for Greenhill & Co. (NYSE:GHL)

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