Greenhill & Co., Inc. (GHL) Rating Increased to Buy at ValuEngine

ValuEngine upgraded shares of Greenhill & Co., Inc. (NYSE:GHL) from a hold rating to a buy rating in a research note released on Wednesday, March 27th, ValuEngine reports.

Several other research analysts have also issued reports on the stock. UBS Group upgraded shares of Greenhill & Co., Inc. from a sell rating to a neutral rating and lifted their price target for the stock from $15.00 to $22.00 in a research report on Thursday, March 21st. TheStreet raised shares of Greenhill & Co., Inc. from a c rating to a b- rating in a research note on Friday, March 15th. Zacks Investment Research lowered shares of Greenhill & Co., Inc. from a buy rating to a hold rating in a research note on Thursday, January 31st. Sandler O’Neill downgraded shares of Greenhill & Co., Inc. from a buy rating to a hold rating in a report on Thursday, January 31st. Finally, Keefe, Bruyette & Woods restated a mkt perform rating and set a $26.00 price target on shares of Greenhill & Co., Inc. in a report on Friday, January 4th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The company has an average rating of Hold and an average target price of $24.00.

NYSE GHL traded up $0.06 during trading hours on Wednesday, hitting $23.93. The company had a trading volume of 181,607 shares, compared to its average volume of 260,781. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 5.42. The company has a market cap of $495.16 million, a P/E ratio of 14.86 and a beta of 0.76. Greenhill & Co., Inc. has a fifty-two week low of $19.40 and a fifty-two week high of $33.45.

Greenhill & Co., Inc. (NYSE:GHL) last issued its earnings results on Wednesday, January 30th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.22). Greenhill & Co., Inc. had a return on equity of 45.03% and a net margin of 11.14%. The business had revenue of $89.10 million during the quarter, compared to the consensus estimate of $91.55 million. During the same period in the prior year, the business earned ($0.85) EPS. The business’s revenue was up 33.2% on a year-over-year basis. On average, sell-side analysts forecast that Greenhill & Co., Inc. will post 1.08 EPS for the current fiscal year.

In other Greenhill & Co., Inc. news, President David Wyles sold 33,369 shares of the business’s stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $25.08, for a total value of $836,894.52. Following the transaction, the president now directly owns 9,971 shares in the company, valued at $250,072.68. The transaction was disclosed in a document filed with the SEC, which is available through this link. 20.80% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of GHL. Deutsche Bank AG increased its stake in Greenhill & Co., Inc. by 36.7% in the fourth quarter. Deutsche Bank AG now owns 98,126 shares of the financial services provider’s stock valued at $2,392,000 after purchasing an additional 26,333 shares in the last quarter. Norges Bank acquired a new position in shares of Greenhill & Co., Inc. in the fourth quarter valued at approximately $6,255,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Greenhill & Co., Inc. by 704.7% in the fourth quarter. Public Employees Retirement System of Ohio now owns 26,805 shares of the financial services provider’s stock valued at $654,000 after buying an additional 23,474 shares during the period. Millennium Management LLC boosted its holdings in shares of Greenhill & Co., Inc. by 73.3% in the fourth quarter. Millennium Management LLC now owns 297,687 shares of the financial services provider’s stock valued at $7,264,000 after buying an additional 125,872 shares during the period. Finally, Municipal Employees Retirement System of Michigan acquired a new position in shares of Greenhill & Co., Inc. in the fourth quarter valued at approximately $123,000. 87.01% of the stock is owned by institutional investors and hedge funds.

Greenhill & Co., Inc. Company Profile

Greenhill & Co, Inc, an independent investment bank, provides financial and strategic advisory services to corporations, partnerships, institutions, and governments worldwide. The company offers advisory services to clients in relation to mergers, acquisitions, divestitures, spin-offs, and other strategic transactions, as well as various stages of a transaction's life cycle ranging from initial structuring and negotiation to final execution.

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