Moelis & Company (NYSE:MC) Upgraded by Zacks Research to Hold Rating

Moelis & Company (NYSE:MC) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports. Zacks Research also issued estimates for Moelis & Company’s Q4 2027 earnings at $1.66 EPS, Q1 2028 earnings at $1.24 EPS and FY2028 earnings at $5.27 EPS.

Several other research analysts have also issued reports on the stock. Wall Street Zen lowered shares of Moelis & Company from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. The Goldman Sachs Group decreased their price objective on shares of Moelis & Company from $70.00 to $62.00 and set a “neutral” rating for the company in a research report on Wednesday, April 1st. UBS Group reissued a “sell” rating and set a $60.00 target price (up from $58.00) on shares of Moelis & Company in a research note on Wednesday, July 8th. Keefe, Bruyette & Woods decreased their price target on Moelis & Company from $69.00 to $66.00 and set a “market perform” rating for the company in a report on Friday, July 10th. Finally, Morgan Stanley lowered their price objective on Moelis & Company from $90.00 to $83.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Moelis & Company has an average rating of “Hold” and a consensus target price of $73.38.

Moelis & Company Trading Up 4.6%

NYSE MC opened at $70.06 on Tuesday. The business’s 50-day moving average price is $66.53 and its two-hundred day moving average price is $65.70. Moelis & Company has a 12 month low of $51.06 and a 12 month high of $78.22. The firm has a market capitalization of $5.50 billion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 0.86 and a beta of 1.85.

Moelis & Company (NYSE:MC) last posted its quarterly earnings data on Wednesday, April 29th. The asset manager reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.09). Moelis & Company had a return on equity of 38.94% and a net margin of 14.46%.The company had revenue of $319.78 million during the quarter, compared to analyst estimates of $321.51 million. During the same period in the prior year, the firm earned $0.64 earnings per share. Moelis & Company’s revenue was up 4.3% compared to the same quarter last year. As a group, analysts forecast that Moelis & Company will post 3.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Moelis & Company

A number of hedge funds and other institutional investors have recently modified their holdings of MC. Allied Private Wealth LLC bought a new position in shares of Moelis & Company in the second quarter valued at approximately $25,000. V Square Quantitative Management LLC bought a new stake in Moelis & Company during the fourth quarter worth $27,000. Hantz Financial Services Inc. lifted its holdings in Moelis & Company by 64.4% during the fourth quarter. Hantz Financial Services Inc. now owns 416 shares of the asset manager’s stock worth $29,000 after acquiring an additional 163 shares during the period. Allworth Financial LP boosted its position in Moelis & Company by 153.9% in the third quarter. Allworth Financial LP now owns 419 shares of the asset manager’s stock worth $30,000 after purchasing an additional 254 shares during the last quarter. Finally, Root Financial Partners LLC grew its stake in Moelis & Company by 292.2% in the 1st quarter. Root Financial Partners LLC now owns 455 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 339 shares during the period. Hedge funds and other institutional investors own 91.53% of the company’s stock.

About Moelis & Company

Moelis & Co operates as a holding company. It engages in the provision of financial advisory, capital raising and asset management services to a client base including corporations, governments, sovereign wealth funds and financial sponsors. The firm focuses on clients including large public multinational corporations, middle market private companies, financial sponsors, entrepreneurs and governments. The company was founded by Kenneth David Moelis, Navid Mahmoodzadegan, Jeffrey Raich and Elizabeth Ann Crain in July 2007 and is headquartered in New York, NY.