Morgan Stanley Issues Positive Forecast for Moelis & Company (NYSE:MC) Stock Price

Moelis & Company (NYSE:MC - Get Free Report) had its price objective upped by investment analysts at Morgan Stanley from $95.00 to $100.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the asset manager's stock. Morgan Stanley's price objective would suggest a potential upside of 27.36% from the company's previous close.

A number of other brokerages have also recently commented on MC. Keefe, Bruyette & Woods raised Moelis & Company from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $71.00 to $86.00 in a research note on Friday, December 20th. Wells Fargo & Company cut their target price on shares of 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 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. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $78.83.

Moelis & Company Stock Down 0.4 %

Shares of Moelis & Company stock traded down $0.28 during trading on Thursday, reaching $78.52. The company's stock had a trading volume of 721,978 shares, compared to its average volume of 747,361. Moelis & Company has a 52-week low of $46.24 and a 52-week high of $82.89. The firm's 50-day moving average is $75.55 and its two-hundred day moving average is $70.94. The company has a market cap of $5.88 billion, a price-to-earnings ratio of 44.61 and a beta of 1.40.

Moelis & Company (NYSE:MC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The asset manager reported $1.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.79. Moelis & Company had a return on equity of 38.49% and a net margin of 11.39%. On average, equities research analysts anticipate that Moelis & Company will post 2.57 EPS for the current year.

Hedge Funds Weigh In On Moelis & Company

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Reston Wealth Management LLC bought a new position in Moelis & Company in the 3rd quarter worth $26,000. R Squared Ltd purchased a new position in shares of Moelis & Company during the fourth quarter valued at about $47,000. Jones Financial Companies Lllp raised its stake in Moelis & Company by 148.3% in the fourth quarter. Jones Financial Companies Lllp now owns 822 shares of the asset manager's stock worth $61,000 after buying an additional 491 shares in the last quarter. AlphaQuest LLC purchased a new stake in Moelis & Company in the fourth quarter worth about $61,000. Finally, GAMMA Investing LLC boosted its position in Moelis & Company by 115.8% during the 3rd quarter. GAMMA Investing LLC now owns 995 shares of the asset manager's stock valued at $68,000 after acquiring an additional 534 shares in the last quarter. 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.