Moelis & Company (NYSE:MC) Given New $87.00 Price Target at The Goldman Sachs Group

Moelis & Company (NYSE:MC - Get Free Report) had its price target increased by stock analysts at The Goldman Sachs Group from $79.00 to $87.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the asset manager's stock. The Goldman Sachs Group's price target would indicate a potential upside of 10.80% from the company's current price.

Several other equities research analysts have also recently weighed in on MC. Wells Fargo & Company increased their price objective on Moelis & Company from $77.00 to $83.00 and gave the company an "equal weight" rating in a research report on Thursday. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $92.00 price target (up from $86.00) on shares of Moelis & Company in a report on Thursday. JMP Securities restated a "market perform" rating on shares of Moelis & Company in a report on Thursday. Finally, Morgan Stanley raised their price objective on Moelis & Company from $95.00 to $100.00 and gave the stock an "overweight" rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $78.83.

Moelis & Company Stock Performance

Shares of MC traded down $0.28 during trading hours on Thursday, hitting $78.52. 1,427,859 shares of the company were exchanged, compared to its average volume of 787,852. The company has a market cap of $5.88 billion, a PE ratio of 44.61 and a beta of 1.40. The firm's 50 day moving average is $75.55 and its 200-day moving average is $70.94. Moelis & Company has a 52 week low of $46.24 and a 52 week high of $82.89.

Moelis & Company (NYSE:MC - Get Free Report) last announced its earnings results 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 net margin of 11.39% and a return on equity of 38.49%. As a group, equities analysts forecast that Moelis & Company will post 2.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Moelis & Company

Institutional investors have recently made changes to their positions in the stock. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Moelis & Company during the 3rd quarter worth about $3,433,000. Natixis Advisors LLC grew its holdings in Moelis & Company by 13.7% during the third quarter. Natixis Advisors LLC now owns 804,860 shares of the asset manager's stock valued at $55,141,000 after purchasing an additional 96,720 shares during the period. Cerity Partners LLC increased its stake in Moelis & Company by 129.8% in the third quarter. Cerity Partners LLC now owns 13,845 shares of the asset manager's stock valued at $949,000 after purchasing an additional 7,819 shares in the last quarter. Hodges Capital Management Inc. bought a new stake in Moelis & Company in the fourth quarter valued at approximately $9,149,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Moelis & Company by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 922,920 shares of the asset manager's stock worth $63,229,000 after purchasing an additional 16,830 shares during the period. 91.53% of the stock is owned by institutional investors and hedge funds.

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.