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Zacks Investment Research announced Moelis & Co (NYSE:MC), boosting its stock price target to $38.00 today

In a report announced on 01/12/2017 Zacks Investment Research upped the price target of Moelis & Co (NYSE:MC) to $38.00 indicating a possible upside of 0.11%.

Previously on 12/14/2016, Aurel – BGC reported on Moelis & Co (NYSE:MC) increased the target price from $0.00 to $37.00. At the time, this indicated a possible upside of 0.23%.

Just yesterday Moelis & Co (NYSE:MC) traded -0.15% lower at $34.15. Moelis & Co’s 50-day moving average is $31.88 and its 200-day moving average is $27.18. The last closing price is up 25.65% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.05% over the same time period. 441,007 shares of the stock were exchanged, up from an average trading volume of 255,527

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Moelis & Co (NYSE:MC)

Moelis & Co has a PE ratio of 20.70 with a one year low of $21.91 and a one year high of $35.50 Moelis & Co’s market capitalization is presently $0.

A total of 8 brokerages have issued a ratings update on Moelis & Co. zero brokerages rating the company a strong buy, zero brokerages rating the company a buy, zero brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $31.00.

General Company Details For Moelis & Co (NYSE:MC)

Moelis & Company is an investment banking advisory firm. 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. The Company advices its clients on decisions, including mergers and acquisitions (M&A), recapitalizations and restructurings, and other corporate finance matters. With over 20 offices located in North and South America, Europe, the Middle East, Asia and Australia, the Company provides information flow and cross-border solutions. 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.

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