Somewhat Favorable News Coverage Extremely Likely to Impact Moelis & Co (MC) Share Price
Media coverage about Moelis & Co (NYSE:MC) has been trending somewhat positive on Friday, AlphaOne Sentiment Analysis reports. The research group, a division of Accern, identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Moelis & Co earned a media sentiment score of 0.09 on AlphaOne’s scale. AlphaOne also gave media coverage about the asset manager an impact score of 91 out of 100, meaning that recent media coverage is extremely likely to have an effect on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Alpha One Sentiment’s analysis:
- Deutsche Post seeks buyer for UK subsidiary Williams Lea -source (nasdaq.com)
- MOVES-Moelis hires software banker from Deutsche Bank (finance.yahoo.com)
- Moelis & Co. – Value Analysis (NYSE:MC) : April 20, 2017 (finance.yahoo.com)
- Dutch court puts two units of Brazil’s Oi into bankruptcy proceedings (nasdaq.com)
- Moelis & Co. breached its 50 day moving average in a Bullish Manner : MC-US : April 19, 2017 (finance.yahoo.com)
Separately, Zacks Investment Research lowered Moelis & Co from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $34.00.
Moelis & Co (NYSE:MC) traded down 0.52% during trading on Friday, reaching $38.50. The company had a trading volume of 278,066 shares. The firm’s 50 day moving average is $37.27 and its 200-day moving average is $32.61. The company has a market capitalization of $1.00 billion, a P/E ratio of 20.64 and a beta of 1.90. Moelis & Co has a 12 month low of $21.91 and a 12 month high of $39.90.
Moelis & Co (NYSE:MC) last released its quarterly earnings results on Wednesday, February 8th. The asset manager reported $0.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.05. Moelis & Co had a return on equity of 45.11% and a net margin of 6.26%. The business had revenue of $204.60 million for the quarter, compared to analysts’ expectations of $187.47 million. During the same quarter in the previous year, the firm posted $0.55 earnings per share. The company’s revenue was up 17.1% compared to the same quarter last year. On average, equities analysts expect that Moelis & Co will post $1.88 earnings per share for the current year.
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Moelis & Co Company Profile
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.
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