Moelis & Company (NYSE:MC) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Moelis & Company (NYSE:MC) had its price target hoisted by investment analysts at The Goldman Sachs Group from $79.00 to $87.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the asset manager’s stock. The Goldman Sachs Group’s target price points to a potential upside of 10.45% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $92.00 target price (up previously from $86.00) on shares of Moelis & Company in a research note on Thursday. JMP Securities reissued a “market perform” rating on shares of Moelis & Company in a research report on Thursday. Wells Fargo & Company upped their target price on Moelis & Company from $77.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Morgan Stanley increased their target price on Moelis & Company from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Moelis & Company currently has an average rating of “Hold” and an average target price of $78.83.

Moelis & Company Trading Down 3.0 %

Shares of MC opened at $78.77 on Thursday. Moelis & Company has a twelve month low of $46.24 and a twelve month high of $82.89. The firm has a market capitalization of $5.90 billion, a P/E ratio of 148.62 and a beta of 1.40. The stock’s fifty day simple moving average is $75.51 and its 200 day simple moving average is $70.75.

Moelis & Company (NYSE:MC) last announced its quarterly earnings results on Wednesday, February 5th. The asset manager reported $1.18 EPS for the quarter, topping the consensus estimate of $0.39 by $0.79. Moelis & Company had a return on equity of 12.15% and a net margin of 4.22%. Sell-side analysts predict that Moelis & Company will post 1.05 earnings per share for the current year.

Institutional Investors Weigh In On Moelis & Company

Hedge funds have recently bought and sold shares of the business. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Moelis & Company in the 3rd quarter valued at about $3,433,000. Natixis Advisors LLC increased its holdings in Moelis & Company by 13.7% in the third quarter. Natixis Advisors LLC now owns 804,860 shares of the asset manager’s stock valued at $55,141,000 after buying an additional 96,720 shares during the last quarter. Cerity Partners LLC raised its stake in Moelis & Company by 129.8% during the third quarter. Cerity Partners LLC now owns 13,845 shares of the asset manager’s stock valued at $949,000 after buying an additional 7,819 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Moelis & Company by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 922,920 shares of the asset manager’s stock worth $63,229,000 after buying an additional 16,830 shares during the last quarter. Finally, Hodges Capital Management Inc. bought a new position in Moelis & Company during the 4th quarter worth approximately $9,149,000. Institutional investors and hedge funds own 91.53% of the company’s stock.

About Moelis & Company

Moelis & Company operates as an investment banking advisory firm. It offers advisory services in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters, as well as strategic, capital structure, and private funds advisory.