Ticonderoga Maintains a 'Sell' on Greenhill (GHL); Lowering Est. & PT On Higher Comp., Lower Revenue
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Price: $14.99 --0%
Rating Summary:
1 Buy, 9 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
1 Buy, 9 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Ticonderoga maintains a 'Sell' on Greenhill (NYSE: GHL), PT lowered to $44.
Ticonderoga analyst says, "We are lowering our 2011 estimate to $1.00 from $1.10. We are raising Q2 to $0.28 from $0.23 but lowering second half estimates. The revision is reflective of higher compensation costs and slightly lower advisory revenues. GHL will likely need to increase cash compensation levels this year. We are also lowering our 2012 estimates marginally to account for a slightly higher compensation costs as well as slightly higher sharecount. This is reflective of Caliburn shares. Our revised 2012 estimate is $1.60 from $1.65 previously."
For more ratings news on Greenhill click here and for the rating history of Greenhill click here.
Shares of Greenhill closed at $51.61 yesterday.
Ticonderoga analyst says, "We are lowering our 2011 estimate to $1.00 from $1.10. We are raising Q2 to $0.28 from $0.23 but lowering second half estimates. The revision is reflective of higher compensation costs and slightly lower advisory revenues. GHL will likely need to increase cash compensation levels this year. We are also lowering our 2012 estimates marginally to account for a slightly higher compensation costs as well as slightly higher sharecount. This is reflective of Caliburn shares. Our revised 2012 estimate is $1.60 from $1.65 previously."
For more ratings news on Greenhill click here and for the rating history of Greenhill click here.
Shares of Greenhill closed at $51.61 yesterday.
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