Moelis & Co (MC) Earns Daily Media Impact Rating of 0.27

Media stories about Moelis & Co (NYSE:MC) have trended positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Moelis & Co earned a media sentiment score of 0.27 on Accern’s scale. Accern also gave news articles about the asset manager an impact score of 45.5211626243644 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

MC has been the subject of several recent research reports. Zacks Investment Research upgraded Moelis & Co from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research report on Wednesday, November 29th. ValuEngine upgraded Moelis & Co from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. UBS Group lifted their price target on Moelis & Co from $42.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, October 26th. Morgan Stanley lifted their price objective on Moelis & Co from $45.00 to $49.00 and gave the company an “overweight” rating in a research note on Thursday, October 26th. Finally, JMP Securities lifted their price objective on Moelis & Co from $44.00 to $47.00 and gave the company a “market outperform” rating in a research note on Thursday, October 26th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Moelis & Co presently has a consensus rating of “Buy” and an average price target of $46.67.

Shares of Moelis & Co (NYSE MC) opened at $50.55 on Friday. The stock has a market capitalization of $2,700.00, a price-to-earnings ratio of 24.19, a P/E/G ratio of 1.39 and a beta of 1.91. Moelis & Co has a 52 week low of $33.10 and a 52 week high of $51.20.

Moelis & Co (NYSE:MC) last posted its quarterly earnings data on Wednesday, October 25th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.15. The company had revenue of $170.00 million during the quarter, compared to analyst estimates of $168.51 million. Moelis & Co had a return on equity of 52.76% and a net margin of 9.62%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the company earned $0.44 earnings per share. equities analysts anticipate that Moelis & Co will post 2.36 earnings per share for the current fiscal year.

In related news, Chairman Kenneth Moelis sold 40,800 shares of Moelis & Co stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $42.66, for a total transaction of $1,740,528.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 80,956 shares of company stock valued at $3,451,515 in the last three months. 52.64% of the stock is owned by corporate insiders.

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About Moelis & Co

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.

Insider Buying and Selling by Quarter for Moelis & Co (NYSE:MC)

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