Greenhill & Co., Inc. (GHL) Stock Rating Upgraded by Zacks Investment Research

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 Friday. The firm currently has a $21.00 price target on the financial services provider’s stock. Zacks Investment Research‘s price target points to a potential upside of 11.70% from the company’s current price.

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. “

A number of other analysts have also weighed in on GHL. ValuEngine upgraded Greenhill & Co., Inc. from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. Nomura lowered their target price on Greenhill & Co., Inc. from $14.00 to $13.00 and set a “reduce” rating for the company in a report on Wednesday, January 3rd. Keefe, Bruyette & Woods restated a “hold” rating and set a $17.00 target price on shares of Greenhill & Co., Inc. in a report on Thursday, October 19th. Buckingham Research upped their target price on Greenhill & Co., Inc. from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Tuesday, September 26th. Finally, Sandler O’Neill lowered Greenhill & Co., Inc. from a “buy” rating to a “hold” rating and lowered their target price for the stock from $25.00 to $18.00 in a report on Tuesday, October 10th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Greenhill & Co., Inc. currently has a consensus rating of “Hold” and a consensus price target of $15.43.

Shares of Greenhill & Co., Inc. (GHL) opened at $18.80 on Friday. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $493.74, a P/E ratio of 23.50 and a beta of 1.32. Greenhill & Co., Inc. has a twelve month low of $13.80 and a twelve month high of $32.45.

Greenhill & Co., Inc. (NYSE:GHL) last announced its quarterly earnings results on Wednesday, October 18th. The financial services provider reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.25). The firm had revenue of $48.09 million during the quarter, compared to analysts’ expectations of $38.33 million. Greenhill & Co., Inc. had a net margin of 8.49% and a return on equity of 8.88%. The firm’s revenue for the quarter was down 37.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 EPS. research analysts expect that Greenhill & Co., Inc. will post -0.42 EPS for the current fiscal year.

Greenhill & Co., Inc. announced that its board has authorized a share repurchase program on Monday, September 25th that authorizes the company to buyback $235.00 million in shares. This buyback authorization authorizes the financial services provider to reacquire up to 55.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

A number of institutional investors have recently bought and sold shares of the business. People s United Financial Inc. lifted its holdings in Greenhill & Co., Inc. by 0.8% during the second quarter. People s United Financial Inc. now owns 10,432 shares of the financial services provider’s stock worth $210,000 after buying an additional 83 shares during the period. Oppenheimer Asset Management Inc. increased its position in shares of Greenhill & Co., Inc. by 1.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 9,499 shares of the financial services provider’s stock worth $191,000 after purchasing an additional 102 shares in the last quarter. Royal Bank of Canada increased its position in shares of Greenhill & Co., Inc. by 2.4% during the second quarter. Royal Bank of Canada now owns 38,732 shares of the financial services provider’s stock worth $778,000 after purchasing an additional 891 shares in the last quarter. Signet Financial Management LLC increased its position in shares of Greenhill & Co., Inc. by 3.6% during the second quarter. Signet Financial Management LLC now owns 32,565 shares of the financial services provider’s stock worth $655,000 after purchasing an additional 1,136 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Greenhill & Co., Inc. by 8.1% during the second quarter. Victory Capital Management Inc. now owns 16,313 shares of the financial services provider’s stock worth $328,000 after purchasing an additional 1,219 shares in the last quarter. Institutional investors own 96.88% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece was originally reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this piece on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this piece can be viewed at https://www.thelincolnianonline.com/2018/01/14/greenhill-co-inc-ghl-stock-rating-upgraded-by-zacks-investment-research.html.

About Greenhill & Co., Inc.

Greenhill & Co, Inc is an investment bank. The Company provides financial and strategic advice 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 globally.

Analyst Recommendations for Greenhill & Co., Inc. (NYSE:GHL)

Receive News & Ratings for Greenhill & Co. Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greenhill & Co. Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply