Could Moelis & Company (MC) Go Down After Reaching 52-Week High?

June 14, 2018 - By Kristen Paramore

Moelis & Company (NYSE:MC) Logo

The stock of Moelis & Company (NYSE:MC) hit a new 52-week high and has $68.58 target or 6.00 % above today’s $64.70 share price. The 6 months bullish chart indicates low risk for the $3.74 billion company. The 1-year high was reported on Jun, 14 by Barchart.com. If the $68.58 price target is reached, the company will be worth $224.46M 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 increased 0.86% or $0.55 during the last trading session, reaching $64.7. About 270,551 shares traded. Moelis & Company (NYSE:MC) has risen 72.05% since June 14, 2017 and is uptrending. It has outperformed by 59.48% 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 25.27 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 6 analysts covering Moelis (NYSE:MC), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Moelis had 13 analyst reports since December 21, 2017 according to SRatingsIntel. The rating was maintained by Keefe Bruyette & Woods on Monday, April 23 with “Hold”. The stock has “Hold” rating by Sandler O’Neill on Thursday, February 8. On Friday, February 9 the stock rating was maintained by Morgan Stanley with “Overweight”. The firm has “Hold” rating given on Wednesday, February 7 by Keefe Bruyette & Woods. The rating was maintained by Sandler O’Neill on Thursday, January 11 with “Hold”. The stock of Moelis & Company (NYSE:MC) has “Hold” rating given on Thursday, December 21 by Keefe Bruyette & Woods. The firm has “Buy” rating given on Thursday, February 8 by Bank of America. The firm has “Overweight” rating given on Tuesday, April 24 by Morgan Stanley. On Monday, June 4 the stock rating was maintained by Buckingham Research with “Buy”. The company was maintained on Wednesday, January 10 by Keefe Bruyette & Woods.

More news for Moelis & Company (NYSE:MC) were recently published by: Themiddlemarket.com, which released: “M&A daily wrap: Jessica Alba, the Honest Co., L Catterton, ACG NY, Corinthian Capital, Rising Stars of PE” on June 07, 2018. Seekingalpha.com‘s article titled: “Why Invest In Companies That Partner With Sports Leagues?” and published on June 03, 2018 is yet another important article.

Moelis & Company provides strategic and financial advisory services in the United States and internationally. The company has market cap of $3.74 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 54.51 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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