Greenhill & Co., Inc. (NYSE:GHL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday. The firm currently has a $32.00 price target on the financial services provider’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 7.38% from the company’s previous close.
According to Zacks, “GREENHILL & CO., Inc. is a leading independent investment bank that provides financial advice on significant mergers, acquisitions and restructurings; assists private funds in raising capital from investors; and manages merchant banking funds. It acts for clients located throughout the world from its offices in New York, London, Frankfurt, Toronto, Dallas and San Francisco. “
Get Greenhill & Co. Inc. alerts:GHL has been the subject of several other reports. ValuEngine upgraded shares of Greenhill & Co., Inc. from a “hold” rating to a “buy” rating in a report on Thursday, May 17th. Sandler O’Neill reiterated a “hold” rating and issued a $20.00 target price on shares of Greenhill & Co., Inc. in a report on Thursday, April 12th. Finally, Keefe, Bruyette & Woods cut shares of Greenhill & Co., Inc. from a “market perform” rating to an “underperform” rating and raised their target price for the stock from $22.00 to $25.00 in a report on Wednesday, June 6th. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $18.43.
Shares of Greenhill & Co., Inc. opened at $29.80 on Thursday, according to Marketbeat.com. Greenhill & Co., Inc. has a one year low of $13.80 and a one year high of $29.85. The stock has a market capitalization of $674.76 million, a price-to-earnings ratio of -102.50 and a beta of 1.12. The company has a quick ratio of 4.71, a current ratio of 4.71 and a debt-to-equity ratio of 1.97.
Greenhill & Co., Inc. (NYSE:GHL) last announced its earnings results on Thursday, May 3rd. The financial services provider reported $0.21 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.25. Greenhill & Co., Inc. had a negative net margin of 7.24% and a negative return on equity of 0.10%. The company had revenue of $87.50 million during the quarter, compared to analysts’ expectations of $63.61 million. During the same period last year, the company posted ($0.02) earnings per share. The business’s revenue for the quarter was up 53.8% on a year-over-year basis. analysts anticipate that Greenhill & Co., Inc. will post 1.1 earnings per share for the current fiscal year.
In other news, President David Wyles sold 29,242 shares of the stock in a transaction that occurred on Friday, May 11th. The shares were sold at an average price of $25.62, for a total value of $749,180.04. Following the completion of the sale, the president now directly owns 24,388 shares of the company’s stock, valued at $624,820.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 15.60% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. First Mercantile Trust Co. raised its position in Greenhill & Co., Inc. by 94.6% during the first quarter. First Mercantile Trust Co. now owns 10,573 shares of the financial services provider’s stock valued at $196,000 after acquiring an additional 5,139 shares in the last quarter. Quantitative Systematic Strategies LLC bought a new position in Greenhill & Co., Inc. during the first quarter valued at approximately $216,000. Paloma Partners Management Co bought a new position in Greenhill & Co., Inc. during the fourth quarter valued at approximately $251,000. MetLife Investment Advisors LLC bought a new position in Greenhill & Co., Inc. during the fourth quarter valued at approximately $269,000. Finally, Virtu Financial LLC bought a new position in Greenhill & Co., Inc. during the fourth quarter valued at approximately $384,000. 96.88% of the stock is owned by institutional investors and hedge funds.
About Greenhill & Co., Inc.
Greenhill & Co, Inc, together with its subsidiaries, operates as an independent investment bank for corporations, partnerships, institutions, and governments worldwide. The company provides financial advisory services primarily related to mergers and acquisitions, restructurings, financings, and capital raisings.
Get a free copy of the Zacks research report on Greenhill & Co., Inc. (GHL)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
No comments:
Post a Comment