Greenhill & Co. (GHL) Receives Underperform Rating from Credit Suisse Group AG
Greenhill & Co. (NYSE:GHL)‘s stock had its “underperform” rating reaffirmed by analysts at Credit Suisse Group AG in a research report issued to clients and investors on Sunday. They currently have a $15.00 price target on the stock. Credit Suisse Group AG’s price target indicates a potential downside of 46.62% from the company’s current price.
A number of other equities analysts have also recently weighed in on the company. Zacks Investment Research raised Greenhill & Co. from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Wednesday, October 19th. Nomura reissued a “hold” rating and issued a $26.00 price target on shares of Greenhill & Co. in a report on Wednesday, October 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Greenhill & Co. presently has a consensus rating of “Hold” and an average price target of $26.33.
Greenhill & Co. (NYSE:GHL) opened at 28.10 on Friday. The company’s 50-day moving average price is $23.27 and its 200 day moving average price is $21.02. Greenhill & Co. has a 1-year low of $15.62 and a 1-year high of $29.30. The firm has a market cap of $821.76 million, a price-to-earnings ratio of 19.96 and a beta of 1.38.
Greenhill & Co. (NYSE:GHL) last issued its quarterly earnings data on Monday, October 24th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by $0.02. The firm had revenue of $76.60 million for the quarter, compared to analyst estimates of $82.09 million. Greenhill & Co. had a return on equity of 16.11% and a net margin of 14.53%. The business’s revenue for the quarter was up 51.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.02 earnings per share. On average, equities analysts expect that Greenhill & Co. will post $1.74 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 21st. Stockholders of record on Wednesday, December 7th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.41%. The ex-dividend date of this dividend is Monday, December 5th. Greenhill & Co.’s dividend payout ratio is currently 126.76%.
Several large investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company acquired a new stake in shares of Greenhill & Co. during the third quarter worth approximately $454,000. Zacks Investment Management acquired a new stake in shares of Greenhill & Co. during the third quarter worth approximately $1,038,000. Crawford Investment Counsel Inc. increased its stake in shares of Greenhill & Co. by 7.5% in the third quarter. Crawford Investment Counsel Inc. now owns 390,813 shares of the company’s stock worth $9,211,000 after buying an additional 27,315 shares in the last quarter. Morgan Stanley increased its stake in shares of Greenhill & Co. by 13.9% in the third quarter. Morgan Stanley now owns 188,047 shares of the company’s stock worth $4,432,000 after buying an additional 22,963 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Greenhill & Co. by 2.1% in the third quarter. Principal Financial Group Inc. now owns 199,256 shares of the company’s stock worth $4,696,000 after buying an additional 4,034 shares in the last quarter. 97.53% of the stock is owned by institutional investors and hedge funds.
Greenhill & Co. Company Profile
Greenhill & Co, Inc is an investment bank. The Company provides financial and advisory services on domestic and cross-border mergers and acquisitions, divestitures, restructurings, financings, capital raising and other transactions to a diverse client base, including corporations, partnerships, institutions and governments.
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