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 research report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the asset manager’s stock. Morgan Stanley’s price target suggests a potential upside of 21.73% from the company’s current price.

Other analysts have also recently issued research reports about the company. Wells Fargo & Company cut their target price on Moelis & Company from $78.00 to $77.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods upgraded Moelis & Company from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $71.00 to $86.00 in a research report on Friday, December 20th. One 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, Moelis & Company currently has a consensus rating of “Hold” and an average price target of $72.00.

Moelis & Company Stock Performance

Shares of NYSE:MC traded up $2.47 during midday trading on Thursday, reaching $82.15. 313,328 shares of the company’s stock traded hands, compared to its average volume of 694,549. The company 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 one year low of $46.24 and a one year high of $81.99. The stock has a 50 day moving average of $75.40 and a 200 day moving average of $70.67.

Moelis & Company (NYSE:MC) last posted its quarterly earnings data on Wednesday, February 5th. The asset manager reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.79. Moelis & Company had a return on equity of 12.15% and a net margin of 4.22%. Sell-side analysts predict that Moelis & Company will post 1.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Moelis & Company

Institutional investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. bought a new stake in shares of Moelis & Company during the 3rd quarter worth approximately $49,017,000. Fisher Asset Management LLC lifted its stake in shares of Moelis & Company by 252.8% during the 4th quarter. Fisher Asset Management LLC now owns 220,770 shares of the asset manager’s stock worth $16,310,000 after acquiring an additional 158,200 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Moelis & Company during the 4th quarter worth approximately $10,158,000. Hodges Capital Management Inc. bought a new stake in shares of Moelis & Company during the 4th quarter worth approximately $9,149,000. Finally, Pier Capital LLC bought a new stake in shares of Moelis & Company during the 3rd quarter worth approximately $8,152,000. 91.53% of the stock is owned by institutional investors.

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.