Could Moelis & Company (MC) See a Reversal After Breaking All Highs?

April 23, 2018 - By Richard Conner

Moelis & Company (NYSE:MC) Logo

The stock of Moelis & Company (NYSE:MC) reached all time high today, Apr, 23 and still has $56.16 target or 4.00 % above today’s $54.00 share price. This indicates more upside for the $3.37B company. This technical setup was reported by Barchart.com. If the $56.16 PT is reached, the company will be worth $134.80 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 0.09% or $0.05 during the last trading session, reaching $54. About 207,034 shares traded. Moelis & Company (NYSE:MC) has risen 41.94% since April 23, 2017 and is uptrending. It has outperformed by 30.39% the S&P500.

Moelis & Company (NYSE:MC) Ratings Coverage

Among 5 analysts covering Moelis \u0026 Co (NYSE:MC), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Moelis \u0026 Co had 10 analyst reports since October 26, 2017 according to SRatingsIntel. The firm earned “Market Outperform” rating on Thursday, October 26 by JMP Securities. Morgan Stanley maintained the stock with “Overweight” rating in Friday, February 9 report. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Thursday, April 5. The stock has “Hold” rating by Keefe Bruyette & Woods on Wednesday, January 10. Sandler O’Neill maintained it with “Hold” rating and $53.0 target in Thursday, January 11 report. The stock of Moelis & Company (NYSE:MC) has “Hold” rating given on Wednesday, February 7 by Keefe Bruyette & Woods. As per Thursday, December 21, the company rating was maintained by Keefe Bruyette & Woods. The firm has “Hold” rating given on Thursday, February 8 by Sandler O’Neill. Morgan Stanley maintained it with “Overweight” rating and $49 target in Thursday, October 26 report. The rating was maintained by Bank of America on Thursday, February 8 with “Buy”.

Moelis & Company provides strategic and financial advisory services in the United States and internationally. The company has market cap of $3.37 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 61.5 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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