Moelis & Company (NYSE:MC) Stock Rating Upgraded by Keefe, Bruyette & Woods

Moelis & Company (NYSE:MC) was upgraded by equities researchers at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a report released on Friday, Marketbeat reports. The firm currently has a $86.00 price target on the asset manager’s stock, up from their previous price target of $71.00. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 19.91% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. Morgan Stanley raised Moelis & Company from an “underweight” rating to an “overweight” rating and increased their price objective for the company from $66.00 to $92.00 in a research report on Monday, December 9th. UBS Group increased their price target on shares of Moelis & Company from $54.00 to $60.00 and gave the company a “sell” rating in a report on Tuesday, October 8th. Finally, Wells Fargo & Company raised their price target on shares of Moelis & Company from $70.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $70.83.

Moelis & Company Price Performance

MC stock opened at $71.72 on Friday. The stock has a market capitalization of $5.37 billion, a price-to-earnings ratio of 135.32 and a beta of 1.37. The company has a 50-day moving average of $72.97 and a two-hundred day moving average of $66.08. Moelis & Company has a 52-week low of $46.24 and a 52-week high of $81.60.

Moelis & Company (NYSE:MC) last posted its quarterly earnings data on Wednesday, October 23rd. The asset manager reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.02. The business had revenue of $273.76 million during the quarter, compared to analysts’ expectations of $273.58 million. Moelis & Company had a return on equity of 12.15% and a net margin of 4.22%. The firm’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.15) EPS. Equities analysts expect that Moelis & Company will post 0.96 EPS for the current fiscal year.

Institutional Trading of Moelis & Company

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Reston Wealth Management LLC bought a new position in Moelis & Company during the third quarter worth about $26,000. UMB Bank n.a. grew its stake in shares of Moelis & Company by 63.5% in the 2nd quarter. UMB Bank n.a. now owns 497 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 193 shares during the period. GAMMA Investing LLC raised its holdings in shares of Moelis & Company by 115.8% in the 3rd quarter. GAMMA Investing LLC now owns 995 shares of the asset manager’s stock worth $68,000 after buying an additional 534 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Moelis & Company by 193.0% during the 3rd quarter. Blue Trust Inc. now owns 1,081 shares of the asset manager’s stock worth $74,000 after buying an additional 712 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in shares of Moelis & Company during the 3rd quarter worth approximately $75,000. Institutional investors own 91.53% of the company’s stock.

Moelis & Company Company Profile

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.