Fintel reports that on December 9, 2024, Morgan Stanley upgraded their outlook for Moelis (NYSE:MC) from Underweight to Overweight.
Analyst Price Forecast Suggests 10.16% Downside
As of December 3, 2024, the average one-year price target for Moelis is $67.90/share. The forecasts range from a low of $57.57 to a high of $82.95. The average price target represents a decrease of 10.16% from its latest reported closing price of $75.58 / share.
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The projected annual revenue for Moelis is 1,252MM, an increase of 28.98%. The projected annual non-GAAP EPS is 3.11.
What is the Fund Sentiment?
There are 650 funds or institutions reporting positions in Moelis. This is an increase of 42 owner(s) or 6.91% in the last quarter. Average portfolio weight of all funds dedicated to MC is 0.25%, an increase of 1.13%. Total shares owned by institutions increased in the last three months by 4.98% to 90,869K shares. 
The put/call ratio of MC is 0.39, indicating a bullish outlook.
What are Other Shareholders Doing?
Kayne Anderson Rudnick Investment Management holds 7,234K shares representing 10.25% ownership of the company. In its prior filing, the firm reported owning 7,190K shares , representing an increase of 0.60%. The firm decreased its portfolio allocation in MC by 22.81% over the last quarter.
London Co Of Virginia holds 3,693K shares representing 5.23% ownership of the company. In its prior filing, the firm reported owning 3,623K shares , representing an increase of 1.90%. The firm increased its portfolio allocation in MC by 15.10% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 3,252K shares representing 4.61% ownership of the company. In its prior filing, the firm reported owning 3,165K shares , representing an increase of 2.69%. The firm increased its portfolio allocation in MC by 11.11% over the last quarter.
TMCPX - TOUCHSTONE MID CAP FUND Class Y holds 2,864K shares representing 4.06% ownership of the company. In its prior filing, the firm reported owning 2,805K shares , representing an increase of 2.06%. The firm increased its portfolio allocation in MC by 12.00% over the last quarter.
Wasatch Advisors holds 2,848K shares representing 4.03% ownership of the company. In its prior filing, the firm reported owning 3,582K shares , representing a decrease of 25.76%. The firm decreased its portfolio allocation in MC by 12.21% over the last quarter.
Moelis Background Information
(This description is provided by the company.)
Moelis & Company is a leading global independent investment bank that provides innovative strategic advice and solutions to a diverse client base, including corporations, governments and financial sponsors. The Firm assists its clients in achieving their strategic goals by offering comprehensive integrated financial advisory services across all major industry sectors. Moelis & Company's experienced professionals advise clients on their most critical decisions, including mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters. The Firm serves its clients from 22 geographic locations in North and South America, Europe, the Middle East, Asia and Australia.
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This story originally appeared on Fintel.
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