Moelis & Company (NYSE:MC) Receives $60.67 Average PT from Analysts

Shares of Moelis & Company (NYSE:MC) have been assigned an average rating of “Hold” from the nine research firms that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $61.50.

Several analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Moelis & Company from a “buy” rating to a “hold” rating and set a $64.00 target price on the stock. in a research report on Tuesday, September 21st. Wolfe Research raised shares of Moelis & Company from an “underperform” rating to a “peer perform” rating and set a $63.00 price target on the stock in a research note on Thursday, June 17th. Finally, Morgan Stanley raised their price target on shares of Moelis & Company from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Monday.

Shares of NYSE MC traded up $0.69 during trading on Monday, hitting $68.76. The company had a trading volume of 2,814 shares, compared to its average volume of 409,585. The stock has a fifty day simple moving average of $62.77 and a two-hundred day simple moving average of $57.72. Moelis & Company has a fifty-two week low of $35.86 and a fifty-two week high of $69.64. The firm has a market capitalization of $4.53 billion, a price-to-earnings ratio of 14.54 and a beta of 1.21.

Moelis & Company (NYSE:MC) last announced its earnings results on Tuesday, July 20th. The asset manager reported $1.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.36. Moelis & Company had a net margin of 24.34% and a return on equity of 78.25%. The business had revenue of $360.91 million for the quarter, compared to analyst estimates of $274.36 million. During the same quarter last year, the business earned ($0.11) earnings per share. The company’s revenue for the quarter was up 125.7% compared to the same quarter last year. Sell-side analysts predict that Moelis & Company will post 3.84 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 17th. Shareholders of record on Monday, August 2nd were paid a dividend of $0.60 per share. The ex-dividend date was Friday, July 30th. This is an increase from Moelis & Company’s previous quarterly dividend of $0.55. This represents a $2.40 dividend on an annualized basis and a yield of 3.49%. Moelis & Company’s payout ratio is 82.47%.

A number of hedge funds have recently modified their holdings of MC. Eagle Bay Advisors LLC purchased a new stake in shares of Moelis & Company in the 2nd quarter valued at approximately $34,000. Bessemer Group Inc. purchased a new stake in shares of Moelis & Company in the 1st quarter valued at approximately $37,000. Maverick Capital Ltd. purchased a new stake in shares of Moelis & Company in the 1st quarter valued at approximately $53,000. HM Payson & Co. purchased a new stake in shares of Moelis & Company in the 2nd quarter valued at approximately $62,000. Finally, Eaton Vance Management purchased a new stake in shares of Moelis & Company in the 1st quarter valued at approximately $67,000. 84.81% of the stock is currently owned by institutional investors.

About Moelis & Company

Moelis & Co operates as a holding company. It engages in the provision of financial advisory, capital raising and asset management services to a client base including corporations, governments, sovereign wealth funds and financial sponsors. The firm focuses on clients including large public multinational corporations, middle market private companies, financial sponsors, entrepreneurs and governments.

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Analyst Recommendations for Moelis & Company (NYSE:MC)

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