Moelis (MC) Receives a Buy from Seaport Global
In a report released today, James Mitchell from Seaport Global maintained a Buy rating on Moelis, with a price target of $86.00.
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According to TipRanks, Mitchell is ranked #1221 out of 12049 analysts.
In addition to Seaport Global, Moelis also received a Buy from Morgan Stanley’s Ryan Kenny in a report issued on February 5. However, on the same day, BMO Capital maintained a Hold rating on Moelis (NYSE: MC).
Based on Moelis’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $356.89 million and a net profit of $53.37 million. In comparison, last year the company earned a revenue of $273.76 million and had a net profit of $16.89 million
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