Greenhill & Co., Inc. (GHL) Stock Rating Reaffirmed by Sandler O’Neill

Greenhill & Co., Inc. (NYSE:GHL)‘s stock had its “hold” rating reiterated by equities researchers at Sandler O’Neill in a note issued to investors on Tuesday. They currently have a $19.50 price objective on the financial services provider’s stock. Sandler O’Neill’s price objective would indicate a potential downside of 2.01% from the company’s current price.

Other research analysts have also issued research reports about the company. Zacks Investment Research lowered Greenhill & Co., Inc. from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. ValuEngine raised Greenhill & Co., Inc. from a “sell” rating to a “hold” rating in a report on Friday, December 29th. Nomura lowered their price objective on Greenhill & Co., Inc. from $14.00 to $13.00 and set a “reduce” rating on the stock in a report on Wednesday, January 3rd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $17.00 price objective on shares of Greenhill & Co., Inc. in a report on Thursday, October 19th. Finally, Bank of America lowered their price objective on Greenhill & Co., Inc. from $13.00 to $12.00 and set an “underperform” rating on the stock in a report on Thursday, October 19th. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The stock currently has an average rating of “Hold” and an average price target of $15.64.

Shares of Greenhill & Co., Inc. (NYSE GHL) traded up $1.30 during midday trading on Tuesday, hitting $19.90. The stock had a trading volume of 1,277,487 shares, compared to its average volume of 577,276. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.83 and a current ratio of 3.83. The firm has a market cap of $488.50, a price-to-earnings ratio of -23.14 and a beta of 1.15. Greenhill & Co., Inc. has a fifty-two week low of $13.80 and a fifty-two week high of $31.35.

Greenhill & Co., Inc. (NYSE:GHL) last issued its quarterly earnings data on Tuesday, February 6th. The financial services provider reported ($0.35) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.18). The company had revenue of $66.89 million for the quarter, compared to analyst estimates of $57.36 million. Greenhill & Co., Inc. had a negative net margin of 11.14% and a negative return on equity of 3.20%. The business’s revenue was down 34.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.74 EPS. analysts predict that Greenhill & Co., Inc. will post 0.93 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mint Tower Capital Management B.V. acquired a new stake in Greenhill & Co., Inc. in the 3rd quarter valued at approximately $166,000. Acadian Asset Management LLC acquired a new stake in Greenhill & Co., Inc. in the 4th quarter valued at approximately $204,000. Sheaff Brock Investment Advisors LLC acquired a new stake in Greenhill & Co., Inc. in the 3rd quarter valued at approximately $183,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in Greenhill & Co., Inc. in the 3rd quarter valued at approximately $185,000. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in Greenhill & Co., Inc. by 62.2% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 13,300 shares of the financial services provider’s stock valued at $221,000 after buying an additional 5,100 shares during the last quarter. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

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Greenhill & Co., Inc. Company Profile

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., Inc. (NYSE:GHL)

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