News stories about Greenhill & Co., Inc. (NYSE:GHL) have been trending somewhat positive on Monday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Greenhill & Co., Inc. earned a news impact score of 0.11 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 46.2812246602264 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Greenhill & Co., Inc. (GHL) traded up $0.15 on Monday, hitting $18.50. The stock had a trading volume of 2,792,800 shares, compared to its average volume of 598,399. Greenhill & Co., Inc. has a 12-month low of $13.80 and a 12-month high of $32.45. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.83 and a current ratio of 3.83. The stock has a market cap of $487.18, a price-to-earnings ratio of 23.19 and a beta of 1.31.
Greenhill & Co., Inc. (NYSE:GHL) last issued its quarterly earnings data on Wednesday, October 18th. The financial services provider reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.25). Greenhill & Co., Inc. had a negative net margin of 12.29% and a negative return on equity of 8.27%. The business had revenue of $48.09 million for the quarter, compared to analysts’ expectations of $38.33 million. During the same quarter in the prior year, the company posted $0.41 EPS. The business’s revenue for the quarter was down 37.2% on a year-over-year basis. research analysts forecast that Greenhill & Co., Inc. will post 0.05 earnings per share for the current fiscal year.
Greenhill & Co., Inc. announced that its Board of Directors has approved a stock repurchase plan on Monday, September 25th that allows the company to buyback $235.00 million in shares. This buyback authorization allows the financial services provider to buy up to 55.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
A number of analysts have weighed in on the company. 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. Nomura lowered their target price on Greenhill & Co., Inc. from $16.00 to $14.00 and set a “reduce” rating for the company in a report on Tuesday, September 26th. 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. UBS restated a “sell” rating and set a $9.00 target price (down previously from $17.00) on shares of Greenhill & Co., Inc. in a report on Monday, August 21st. 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. Five research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $16.88.
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.
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.