KBW Keeps Their Hold Rating on Moelis

By Jason Carr

KBW analyst Ann Dai reiterated a Hold rating on Moelis (NYSE: MC) today and set a price target of $42. The company’s shares closed on Friday at $39.25.

According to TipRanks.com, Dai is a 4-star analyst with an average return of 10.5% and a 70.4% success rate. Dai covers the Financial sector, focusing on stocks such as Prudential Financial Inc, Raymond James Financial, and Evercore Partners Inc.

Moelis has an analyst consensus of Hold, with a price target consensus of $42.

Based on Moelis’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $190 million and quarterly net profit of $19.73 million. In comparison, last year the company earned revenue of $132 million and had a net profit of $6.89 million.

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Moelis & Co. operates a global investment bank that provides financial advisory, capital raising and asset management services to client base including corporations, institutions and governments. It focuses on clients from large public multinational corporations to middle market private companies to individual entrepreneurs.