Moelis & Company (MC) Given Average Rating of “Buy” by Brokerages
Moelis & Company (NYSE:MC) has earned a consensus rating of “Buy” from the eleven brokerages that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $41.50.
Several equities research analysts have recently weighed in on MC shares. Bank of America Corporation raised their price objective on Moelis & from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, July 25th. BidaskClub lowered Moelis & from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research raised Moelis & from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Tuesday, October 31st. JMP Securities raised their price objective on Moelis & from $44.00 to $47.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 26th. Finally, UBS AG raised their price objective on Moelis & from $42.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, October 26th.
In other news, Chairman Kenneth Moelis sold 30,656 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $42.67, for a total value of $1,308,091.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 80,956 shares of company stock valued at $3,451,515 in the last 90 days. Corporate insiders own 52.64% of the company’s stock.
Shares of Moelis & (MC) opened at $44.15 on Thursday. The firm has a market capitalization of $2,363.50, a price-to-earnings ratio of 18.25, a PEG ratio of 1.85 and a beta of 1.87. Moelis & has a one year low of $28.20 and a one year high of $45.50.
Moelis & (NYSE:MC) last released its quarterly earnings data on Wednesday, October 25th. The asset manager reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.15. The business had revenue of $170.00 million during the quarter, compared to analyst estimates of $168.51 million. Moelis & had a return on equity of 52.76% and a net margin of 9.62%. The company’s revenue was up 12.8% compared to the same quarter last year. During the same period last year, the company posted $0.44 EPS. sell-side analysts anticipate that Moelis & will post 2.42 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, November 6th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.35%. Moelis &’s payout ratio is currently 70.81%.
ILLEGAL ACTIVITY WARNING: This story was first posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another website, it was copied illegally and reposted in violation of U.S. and international copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/11/16/moelis-company-mc-given-average-rating-of-buy-by-brokerages.html.
Moelis & Company Profile
Moelis & Company is an investment banking advisory company. The Company provides strategic and financial advice to a client base, including corporations, governments and financial sponsors. The Company offers financial advisory services across various industry sectors. It advices its clients on decisions, including mergers and acquisitions (M&A), recapitalizations and restructurings, and other corporate finance matters.
Receive News & Ratings for Moelis & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moelis & Company and related companies with MarketBeat.com's FREE daily email newsletter.