Greenhill & Co., Inc. (GHL) Receiving Somewhat Positive Press Coverage, Analysis Finds
News headlines about Greenhill & Co., Inc. (NYSE:GHL) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Greenhill & Co., Inc. earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 46.2323424335705 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Greenhill & Co., Inc. (NYSE:GHL) traded down $0.45 during trading on Thursday, reaching $19.65. 307,200 shares of the company traded hands, compared to its average volume of 597,488. Greenhill & Co., Inc. has a 52-week low of $13.80 and a 52-week high of $32.45. The firm has a market capitalization of $523.95, a PE ratio of 27.29 and a beta of 1.31. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 0.32.
Greenhill & Co., Inc. (NYSE:GHL) last released its quarterly earnings data on Wednesday, October 18th. The financial services provider reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.25). Greenhill & Co., Inc. had a return on equity of 8.88% and a net margin of 8.49%. The firm had revenue of $48.09 million for the quarter, compared to analyst estimates of $38.33 million. During the same quarter in the previous year, the business posted $0.41 earnings per share. Greenhill & Co., Inc.’s revenue for the quarter was down 37.2% on a year-over-year basis. research analysts anticipate that Greenhill & Co., Inc. will post 0.05 earnings per share for the current fiscal year.
Greenhill & Co., Inc. declared that its Board of Directors has authorized a stock buyback 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 shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.
A number of equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of Greenhill & Co., Inc. from a “buy” rating to a “hold” rating in a research report on Monday. Bank of America reduced their target price on shares of Greenhill & Co., Inc. from $13.00 to $12.00 and set an “underperform” rating for the company in a research report on Thursday, October 19th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $17.00 target price on shares of Greenhill & Co., Inc. in a research report on Thursday, October 19th. Sandler O’Neill cut shares of Greenhill & Co., Inc. from a “buy” rating to a “hold” rating and reduced their target price for the company from $25.00 to $18.00 in a research report on Tuesday, October 10th. Finally, Nomura reduced their target price on shares of Greenhill & Co., Inc. from $16.00 to $14.00 and set a “reduce” rating for the company in a research report on Tuesday, September 26th. Five equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $17.44.
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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.
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