Morgan Stanley Trims Moelis & Co (MC) Target Price to $46.00

Moelis & Co (NYSE:MC) had its price target reduced by Morgan Stanley from $59.00 to $46.00 in a research note issued to investors on Tuesday. They currently have an equal weight rating on the asset manager’s stock.

Other research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Moelis & Co from a hold rating to a buy rating and set a $57.00 target price on the stock in a research note on Wednesday, October 24th. Sandler O’Neill raised shares of Moelis & Co from a hold rating to a buy rating and set a $45.00 target price on the stock in a research note on Friday, December 7th. Goldman Sachs Group started coverage on shares of Moelis & Co in a research note on Tuesday, November 6th. They issued a buy rating and a $53.00 target price on the stock. UBS Group decreased their target price on shares of Moelis & Co from $59.00 to $54.00 and set a neutral rating on the stock in a research note on Tuesday, October 23rd. Finally, Keefe, Bruyette & Woods reaffirmed an outperform rating and issued a $43.00 target price on shares of Moelis & Co in a research note on Friday, January 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Moelis & Co has an average rating of Buy and an average target price of $54.67.

Shares of NYSE MC opened at $38.05 on Tuesday. Moelis & Co has a 52 week low of $32.66 and a 52 week high of $67.65. The firm has a market capitalization of $2.08 billion, a P/E ratio of 16.62, a PEG ratio of 0.92 and a beta of 1.87.

Moelis & Co (NYSE:MC) last issued its earnings results on Monday, October 22nd. The asset manager reported $0.62 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.01). Moelis & Co had a return on equity of 53.14% and a net margin of 9.39%. The firm had revenue of $207.70 million during the quarter, compared to analysts’ expectations of $215.19 million. During the same period in the previous year, the firm earned $0.57 earnings per share. The firm’s quarterly revenue was up 22.2% compared to the same quarter last year. As a group, analysts anticipate that Moelis & Co will post 2.8 EPS for the current year.

Institutional investors have recently modified their holdings of the business. Palo Capital Inc. purchased a new position in Moelis & Co during the 3rd quarter valued at $123,000. ARP Americas LP purchased a new position in Moelis & Co during the 3rd quarter valued at $203,000. Sfmg LLC purchased a new position in Moelis & Co during the 3rd quarter valued at $205,000. We Are One Seven LLC purchased a new position in Moelis & Co during the 3rd quarter valued at $213,000. Finally, Janus Henderson Group PLC purchased a new position in Moelis & Co during the 3rd quarter valued at $303,000. 75.54% of the stock is currently owned by institutional investors and hedge funds.

Moelis & Co Company Profile

Moelis & Company is a global investment bank. The firm provides services relating to mergers & acquisitions, recapitalization & restructuring, capital markets and financial institution advisory; private funds; shareholder defense and strategic alliances. The firm's expertise is into global energy; IPO advisory; technology, media, telecommunication sectors.

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Analyst Recommendations for Moelis & Co (NYSE:MC)

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