Keefe Bruyette Woods bumped up the target of Moelis Co MC (NYSE:MC) to $39.00 indicating a possible upside of 0.04%.
Yesterday Moelis Co MC (NYSE:MC) traded -1.05% lower at $37.55. Moelis Co MC’s 50-day moving average is $37.27 and its two hundred day average is $33.61. With the last close up 11.73% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.02% over the same period. Volume of trade was down over the average, with 231,516 shares of MC changing hands under the typical 329,789
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Moelis Co MC has 52 week low of $21.91 and a 52 week high of $39.90 with a P/E ratio of 16.55 and has a market cap of $0.
In addition to Keefe Bruyette Woods reporting its target price, a total of 8 firms have reported on MC. The one year target is $31.00 with zero equity analysts rating the company a strong buy, 0 brokers rating the stock a buy, 0 analysts rating the company a hold, zero analysts rating the company a underperform, and lastly 0 brokerages rating the stock a sell.
Brief Synopsis On Moelis Co MC (NYSE:MC)
Moelis & Company is an investment banking advisory company. The Company provides strategic and financial advice to a client base, including corporations, governments and financial sponsors. The Company offers financial advisory services across various industry sectors. It advices its clients on decisions, including mergers and acquisitions (M&A), recapitalizations and restructurings, and other corporate finance matters. With 17 offices located in North and South America, Europe, the Middle East, Asia and Australia, the Company provided information flow and cross-border solutions as of December 31, 2016. The Company offers advisory services in all industries, including consumer, retail and restaurants; energy, power and infrastructure; financial institutions; financial sponsors; general industrials; healthcare; real estate, gaming, lodging and leisure, and technology, media and telecommunications. It advises clients on all aspects of public and private debt and equity transactions.
The post Moelis Co MC (NYSE:MC) target bumped up to $39.00, released a ratings update earlier today by Keefe Bruyette Woods appeared first on Octafinance.