Morgan Stanley Raises Moelis & Company (NYSE:MC) Price Target to $100.00

Moelis & Company (NYSE:MC) had its target price lifted by research analysts at Morgan Stanley from $95.00 to $100.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the asset manager’s stock. Morgan Stanley’s target price indicates a potential upside of 21.73% from the company’s current price.

A number of other brokerages also recently issued reports on MC. Keefe, Bruyette & Woods upgraded Moelis & Company from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $71.00 to $86.00 in a report on Friday, December 20th. Wells Fargo & Company cut their price target on Moelis & Company from $78.00 to $77.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $72.00.

Moelis & Company Stock Performance

MC traded up $2.47 during trading on Thursday, hitting $82.15. 313,328 shares of the stock were exchanged, compared to its average volume of 694,549. The firm has a 50 day simple moving average of $75.40 and a 200 day simple moving average of $70.67. The firm has a market cap of $6.15 billion, a price-to-earnings ratio of 155.90 and a beta of 1.40. Moelis & Company has a 1 year low of $46.24 and a 1 year high of $81.99.

Moelis & Company (NYSE:MC) last released its quarterly earnings data 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%. As a group, equities analysts anticipate that Moelis & Company will post 1.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Moelis & Company

Institutional investors and hedge funds have recently modified their holdings of the stock. Reston Wealth Management LLC acquired a new position in shares of Moelis & Company in the 3rd quarter valued at about $26,000. R Squared Ltd acquired a new position in shares of Moelis & Company in the 4th quarter valued at about $47,000. Jones Financial Companies Lllp increased its stake in shares of Moelis & Company by 148.3% in the 4th quarter. Jones Financial Companies Lllp now owns 822 shares of the asset manager’s stock valued at $61,000 after purchasing an additional 491 shares in the last quarter. GAMMA Investing LLC increased its stake 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 valued at $68,000 after purchasing an additional 534 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of Moelis & Company by 368.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,016 shares of the asset manager’s stock valued at $75,000 after purchasing an additional 799 shares in the last quarter. Institutional investors and hedge funds 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.