Zacks Investment Research upgraded shares of Greenhill & Co., Inc. (NYSE:GHL) from a hold rating to a buy rating in a research report released on Thursday morning, Zacks.com reports. The firm currently has $16.00 target price on the financial services provider’s stock.
According to Zacks, “GREENHILL & CO., Inc. is a leading independent investment bank that provides financial advice on significant mergers, acquisitions and restructurings; assists private funds in raising capital from investors; and manages merchant banking funds. It acts for clients located throughout the world from its offices in New York, London, Frankfurt, Toronto, Dallas and San Francisco. “
Other equities research analysts have also issued research reports about the stock. TheStreet lowered shares of Weibo from a b- rating to a c+ rating in a report on Friday, May 31st. UBS Group set a €45.00 ($52.33) target price on shares of Fuchs Petrolub and gave the stock a buy rating in a report on Thursday, March 21st. Keefe, Bruyette & Woods lowered shares of Greenhill & Co., Inc. from a market perform rating to an underperform rating and lowered their target price for the stock from $23.50 to $23.00 in a report on Tuesday, April 30th. ValuEngine upgraded shares of Vermillion from a hold rating to a buy rating in a report on Wednesday, May 15th. Finally, Buckingham Research lowered their target price on shares of PJT Partners from $49.00 to $42.00 and set a neutral rating on the stock in a report on Thursday, July 11th. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Greenhill & Co., Inc. has an average rating of Hold and a consensus target price of $21.67.
Shares of NYSE GHL opened at $14.98 on Thursday. The company has a quick ratio of 3.67, a current ratio of 3.67 and a debt-to-equity ratio of 11.46. Greenhill & Co., Inc. has a 1-year low of $13.00 and a 1-year high of $33.45. The firm has a market capitalization of $315.46 million, a price-to-earnings ratio of 9.30 and a beta of 0.85. The firm’s 50-day moving average is $14.42.
Greenhill & Co., Inc. (NYSE:GHL) last posted its earnings results on Monday, April 29th. The financial services provider reported ($0.58) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.24) by ($0.34). Greenhill & Co., Inc. had a return on equity of 32.81% and a net margin of 5.53%. The business had revenue of $51.20 million during the quarter, compared to analyst estimates of $57.43 million. During the same quarter in the prior year, the company earned $0.21 EPS. The company’s revenue was down 41.5% on a year-over-year basis. Sell-side analysts forecast that Greenhill & Co., Inc. will post 0.45 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the business. Foundry Partners LLC grew its holdings in Greenhill & Co., Inc. by 20.0% in the 2nd quarter. Foundry Partners LLC now owns 291,245 shares of the financial services provider’s stock worth $3,958,000 after acquiring an additional 48,625 shares during the last quarter. Intrepid Capital Management Inc. boosted its stake in shares of Greenhill & Co., Inc. by 1.3% during the 1st quarter. Intrepid Capital Management Inc. now owns 107,778 shares of the financial services provider’s stock valued at $2,318,000 after purchasing an additional 1,350 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its stake in shares of Greenhill & Co., Inc. by 277.1% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 37,785 shares of the financial services provider’s stock valued at $813,000 after purchasing an additional 27,765 shares in the last quarter. NumerixS Investment Technologies Inc bought a new stake in shares of Greenhill & Co., Inc. during the 1st quarter valued at about $104,000. Finally, Acadian Asset Management LLC bought a new stake in shares of Greenhill & Co., Inc. during the 1st quarter valued at about $1,082,000. 83.07% of the stock is owned by institutional investors and hedge funds.
Greenhill & Co., Inc. Company Profile
Greenhill & Co, Inc, an independent investment bank, provides financial and strategic advisory services to corporations, partnerships, institutions, and governments worldwide. The company offers advisory services to clients in relation to mergers, acquisitions, divestitures, spin-offs, and other strategic transactions, as well as various stages of a transaction's life cycle ranging from initial structuring and negotiation to final execution.
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