Extremely important positive changes in investment behavior have recently occurred for Moelis & Co (NYSE: MC): its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Moelis & Co (NYSE: MC). Meaningful positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
MC’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Moelis has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Moelis has a very low Appreciation Score of 11 but a good Power Rating of 77, triggering the Low Neutral Value Trend Rating.
Recent Price Action
Moelis & Co (NYSE: MC) stock enjoyed a large increase of 4.0% on 6/28/24. The stock closed at $56.86. Moreover, trading volume in this advance was exceptionally high at 353% of normal. The stock has been strong relative to the market over the last nine months and has risen 5.8% during the last week.
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