ValuEngine Upgrades Moelis & Co (MC) to Buy

ValuEngine upgraded shares of Moelis & Co (NYSE:MC) from a hold rating to a buy rating in a report published on Sunday.

Several other analysts also recently commented on the company. Morgan Stanley increased their target price on Moelis & Co from $45.00 to $49.00 and gave the company an overweight rating in a research note on Thursday, October 26th. JMP Securities increased their target price on Moelis & Co from $44.00 to $47.00 and gave the company a market outperform rating in a research note on Thursday, October 26th. Zacks Investment Research downgraded Moelis & Co from a buy rating to a hold rating in a research note on Wednesday, November 1st. Finally, UBS Group increased their target price on Moelis & Co from $42.00 to $45.00 and gave the company a neutral rating in a research note on Thursday, October 26th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Moelis & Co presently has a consensus rating of Buy and a consensus price target of $46.67.

Moelis & Co (NYSE MC) traded up $0.40 during trading on Friday, hitting $48.45. The company had a trading volume of 111,182 shares, compared to its average volume of 264,300. Moelis & Co has a 52 week low of $32.55 and a 52 week high of $50.40. The stock has a market cap of $2,590.00, a P/E ratio of 23.18, a P/E/G ratio of 2.10 and a beta of 1.91.

Moelis & Co (NYSE:MC) last issued its earnings results on Wednesday, October 25th. The asset manager reported $0.57 EPS for the quarter, beating the consensus estimate of $0.42 by $0.15. Moelis & Co had a return on equity of 52.76% and a net margin of 9.62%. The business had revenue of $170.00 million for the quarter, compared to the consensus estimate of $168.51 million. During the same period last year, the business posted $0.44 EPS. The company’s revenue was up 12.8% compared to the same quarter last year. research analysts forecast that Moelis & Co will post 2.42 EPS for the current year.

In other news, Chairman Kenneth Moelis sold 40,800 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $42.66, for a total transaction of $1,740,528.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 80,956 shares of company stock worth $3,451,515. Company insiders own 52.64% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC bought a new stake in Moelis & Co during the third quarter valued at about $392,000. Public Employees Retirement System of Ohio raised its holdings in Moelis & Co by 18.4% during the third quarter. Public Employees Retirement System of Ohio now owns 25,750 shares of the asset manager’s stock valued at $1,109,000 after acquiring an additional 4,000 shares during the period. Wealthsource Partners LLC bought a new stake in Moelis & Co during the third quarter valued at about $271,000. Dean Investment Associates LLC bought a new stake in Moelis & Co during the third quarter valued at about $4,034,000. Finally, Neuberger Berman Group LLC raised its holdings in Moelis & Co by 9.5% during the third quarter. Neuberger Berman Group LLC now owns 89,416 shares of the asset manager’s stock valued at $3,849,000 after acquiring an additional 7,726 shares during the period. 56.70% of the stock is currently owned by institutional investors.

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Moelis & Co 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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