Morgan Stanley (NYSE:MS) analyst Manan Gosalia maintained a Hold rating on Moelis (NYSE:MC) on Monday, setting a price target of $52, which is approximately 16.62% above the present share price of $44.59.
Gosalia expects Moelis to post earnings per share (EPS) of $0.58 for the fourth quarter of 2020.
The current consensus among 6 TipRanks analysts is for a Hold rating of shares in Moelis, with an average price target of $41.83.
The analysts price targets range from a high of $52 to a low of $27.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $207.6 million and a net profit of $51.96 million. The company's market cap is $2.47 billion.
According to TipRanks.com, Morgan Stanley analyst Manan Gosalia is currently ranked with 2 stars on a 0-5 stars ranking scale, with an average return of 8.2% and a 66.67% success rate.
Moelis & Co. operates as a holding company. It engages in the provision of financial advisory, capital raising, and asset management services to a client base including corporations, governments, and financial sponsors. It focuses on clients from large public multinational corporations to middle market private companies to individual entrepreneurs. The company was founded by Kenneth David Moelis, Navid Mahmoodzadegan, Jeffrey Raich, and Elizabeth Ann Crain in July 2007 and is headquartered in New York, NY.