Greenhill & Co., Inc. (NYSE:GHL) is one of the worst performers on the stock market today. At current price of $16.75, the shares have already lost -0.72 points (-4.12% lower) from its previous close of $17.47. Should you buy or avoid them? The stock sets an active trading volume day with a reported 169593 contracts so far this session. GHL shares had a relatively better volume day versus average trading capacity of 253.74 thousand shares, but with a 16.33 million float and a -8.39% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for GHL stock indicates that the average analyst price target is $22.75 per share. This means the stock has a potential increase of 35.82% from where the GHL share price has been trading recently which is between $17.3914 and $17.705. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $17.
The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “How the Trade War Could Affect Your Choice of Bank Stocks” and dated May 14, 2019.
During the recent trading session for Greenhill & Co., Inc. (NYSE:GHL), the company witnessed their stock drop by $-2.25 over a week and tumble down $-7.33 from the price 20 days ago. When compared to their established 52-week high of $33.45, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 08/03/18. The recent low of $16.45 stood for a -49.93% since 05/17/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0.78 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Greenhill & Co., Inc., the two-week RSI stands at 27.05. This figure suggests that GHL stock, for now, is overbought, meaning that the shares are not stable in terms of price movement. The stochastic readings, on the other hand, based on the current GHL readings is similarly very revealing as it has a stochastic reading of 6.46% at this stage. This figure means that GHL share price today is being overbought.
Technical chart claims that Greenhill & Co., Inc. (GHL) would settle between $17.65/share to $17.84/share level. However, if the stock price goes below the $17.34 mark, then the market for Greenhill & Co., Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $17.21 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.99. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Keefe Bruyette lowered their recommendation on shares of GHL from Mkt Perform to Underperform in their opinion released on April 30. UBS analysts bumped their rating on Greenhill & Co., Inc. (NYSE:GHL) stock from Sell to Neutral in a separate flash note issued to investors on March 21. Analysts at Sandler O’Neill lowered the stock to a Hold call from its previous Buy recommendation, in a research note that dated back to January 31.
GHL equity has an average rating of 3.43, with the figure leaning towards a bullish end. 7 analysts who tracked the company were contacted by Reuters. Amongst them, 4 rated the stock as a hold while the remaining 3 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 0 analysts rated Greenhill & Co., Inc. (NYSE:GHL) as a buy or a strong buy while 3 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, GHL stock price is currently trading at 8.69X forward 12-month Consensus EPS estimates, and its P/S ratio is 1.17 while for the average stock in the same group, the multiple is 2.7. Greenhill & Co., Inc. current P/E ratio of 29.09 means it is trading at a premium against its industry’s 13.86. In the past 5 years, this ratio for the stock has been fluctuating between 14.62 and 34.87.