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On Tuesday, Keefe, Bruyette & Woods analysts reiterated their Outperform rating for Moelis stock (NYSE: NYSE:MC), maintaining a price target of $69. The announcement follows Moelis & Company’s disclosure that Ken Moelis will step down as CEO in October, transitioning to the Executive Chairman role.
The company’s Co-President and co-founder, Navid Mahmoodzadegan, is set to succeed Moelis as CEO. The firm anticipates a smooth leadership transition due to Mahmoodzadegan’s extensive experience and visibility within the company. The company maintains strong financial health with a healthy current ratio of 2.19 and has consistently paid dividends for 12 consecutive years, currently yielding 4.45%.
Keefe, Bruyette & Woods analysts expressed confidence in the transition, emphasizing Mahmoodzadegan’s history with the firm as a key factor in their positive outlook. The analysts’ reaffirmation of the price target reflects their belief in the company’s continued strong performance.
Moelis & Company announced the leadership change through a press release issued earlier today. The firm remains optimistic about its future under Mahmoodzadegan’s leadership.
In other recent news, Moelis & Company reported its first-quarter 2025 financial results, revealing adjusted diluted earnings per share of $0.64, which was slightly below Citizens JMP’s estimate of $0.65 but above the consensus estimate of $0.59. The company’s revenues reached $307 million, marking a 41% increase from the same quarter the previous year and surpassing analysts’ expectations by approximately 3%. Meanwhile, Morgan Stanley (NYSE:MS) downgraded Moelis & Company from Overweight to Underweight, reducing its price target from $100 to $70, citing concerns over the firm’s high earnings beta and compensation ratio. In a significant leadership transition, Ken Moelis will step down as CEO to become Executive Chairman, with Navid Mahmoodzadegan taking over as CEO. This change is part of a long-term plan to leverage internal talent and ensure a smooth transition. Moelis & Company continues to maintain a Market Perform rating from Citizens JMP, reflecting its steady performance amid market uncertainties. The leadership shift and financial updates underscore Moelis & Company’s strategic focus on growth and client relationships.
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