Shares of Moody’s Corp. (NYSE:MCO) have earned a consensus rating of “Hold” from the twelve research firms that are currently covering the company. Eight analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $108.23.
Several analysts recently weighed in on the stock. Barclays PLC reduced their price objective on shares of Moody’s Corp. from $120.00 to $95.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 23rd. Cantor Fitzgerald set a $105.00 price target on shares of Moody’s Corp. and gave the company a “hold” rating in a research report on Thursday, September 29th. Argus upped their price target on shares of Moody’s Corp. from $110.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, August 17th. Zacks Investment Research cut shares of Moody’s Corp. from a “buy” rating to a “hold” rating in a research report on Friday, October 7th. Finally, Credit Suisse Group AG initiated coverage on shares of Moody’s Corp. in a research report on Monday, July 11th. They set a “neutral” rating and a $99.00 price target on the stock.
Shares of Moody’s Corp. (NYSE:MCO) opened at 108.26 on Monday. The company has a 50 day moving average price of $108.43 and a 200-day moving average price of $101.16. The firm has a market cap of $20.81 billion, a P/E ratio of 24.18 and a beta of 1.35. Moody’s Corp. has a 52-week low of $77.76 and a 52-week high of $110.83.
Moody’s Corp. (NYSE:MCO) last issued its quarterly earnings data on Friday, July 22nd. The company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.03. Moody’s Corp. had a net margin of 25.81% and a negative return on equity of 273.01%. The company had revenue of $928.90 million for the quarter, compared to analysts’ expectations of $909.08 million. During the same quarter in the previous year, the firm posted $1.28 earnings per share. Moody’s Corp.’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, analysts expect that Moody’s Corp. will post $4.63 earnings per share for the current fiscal year.
In related news, VP Linda Huber sold 182,595 shares of the company’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $110.13, for a total value of $20,109,187.35. Following the sale, the vice president now owns 63,637 shares in the company, valued at approximately $7,008,342.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Lisa Westlake sold 1,095 shares of the company’s stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $108.37, for a total transaction of $118,665.15. Following the completion of the sale, the senior vice president now owns 23,170 shares in the company, valued at approximately $2,510,932.90. The disclosure for this sale can be found here. 1.48% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of MCO. NN Investment Partners Holdings N.V. acquired a new stake in Moody’s Corp. during the first quarter worth $103,000. Ropes Wealth Advisors LLC raised its stake in Moody’s Corp. by 614.2% in the second quarter. Ropes Wealth Advisors LLC now owns 1,407 shares of the company’s stock valued at $132,000 after buying an additional 1,210 shares during the period. Boltwood Capital Management purchased a new stake in Moody’s Corp. during the third quarter valued at approximately $200,000. Raymond James Trust N.A. purchased a new stake in Moody’s Corp. during the third quarter valued at approximately $210,000. Finally, CHICAGO TRUST Co NA purchased a new stake in Moody’s Corp. during the third quarter valued at approximately $217,000. Institutional investors own 86.91% of the company’s stock.
Moody’s Corp. Company Profile
Moody’s Corporation (Moody’s) is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services; quantitative credit risk measures, financial services training and certification services, and outsourced research and analytical services to financial institution customers.
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