What’s Propelling Moelis & Company (MC) to Reach 52-Week High?

May 17, 2018 - By Mona Holcomb

Moelis & Company (NYSE:MC) Logo

The stock of Moelis & Company (NYSE:MC) hit a new 52-week high and has $60.87 target or 5.00 % above today’s $57.97 share price. The 7 months bullish chart indicates low risk for the $3.35 billion company. The 1-year high was reported on May, 17 by Barchart.com. If the $60.87 price target is reached, the company will be worth $167.60M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.90% or $0.53 during the last trading session, reaching $57.97. About 166,724 shares traded. Moelis & Company (NYSE:MC) has risen 41.94% since May 17, 2017 and is uptrending. It has outperformed by 30.39% the S&P500.

Analysts await Moelis & Company (NYSE:MC) to report earnings on July, 23. They expect $0.64 EPS, down 3.03 % or $0.02 from last year’s $0.66 per share. MC’s profit will be $37.01M for 22.64 P/E if the $0.64 EPS becomes a reality. After $0.65 actual EPS reported by Moelis & Company for the previous quarter, Wall Street now forecasts -1.54 % negative EPS growth.

Moelis & Company (NYSE:MC) Ratings Coverage

Among 5 analysts covering Moelis (NYSE:MC), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Moelis had 12 analyst reports since December 21, 2017 according to SRatingsIntel. The firm earned “Hold” rating on Wednesday, January 10 by Keefe Bruyette & Woods. The rating was maintained by Sandler O’Neill on Tuesday, April 24 with “Hold”. Sandler O’Neill maintained it with “Hold” rating and $54.5 target in Thursday, February 8 report. Morgan Stanley maintained it with “Overweight” rating and $60 target in Friday, February 9 report. The rating was maintained by Keefe Bruyette & Woods on Monday, April 23 with “Hold”. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Thursday, December 21 report. As per Tuesday, April 24, the company rating was maintained by Morgan Stanley. The company was maintained on Thursday, April 5 by Keefe Bruyette & Woods. The firm earned “Buy” rating on Thursday, February 8 by Bank of America. On Wednesday, February 7 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”.

More recent Moelis & Company (NYSE:MC) news were published by: Themiddlemarket.com which released: “M&A daily wrap: LLR Partners, Alerion, PhishLabs, BrandProtect, Arsenal, Flipkart, Alphabet” on May 11, 2018. Also Globenewswire.com published the news titled: “New Research Coverage Highlights Moelis, Continental Building Products, Helmerich & Payne, Opus Bank, Advanced …” on April 23, 2018. Themiddlemarket.com‘s news article titled: “M&A daily wrap: LLR Partners, Alerion, PhishLabs, BrandProtect, Arsenal, Synchrony, Palladium” with publication date: May 11, 2018 was also an interesting one.

Moelis & Company provides strategic and financial advisory services in the United States and internationally. The company has market cap of $3.35 billion. The firm advises clients in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters. It has a 66.03 P/E ratio. Moelis & Company offers its services to public multinational firms, governments, financial sponsors, middle market private companies, and individual entrepreneurs.

Moelis & Company (NYSE:MC) Ratings Chart

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