Media headlines about Moody's (NYSE:MCO) have been trending somewhat positive recently, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Moody's earned a news impact score of 0.16 on Accern’s scale. Accern also gave news coverage about the business services provider an impact score of 45.5829785957571 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- UPDATE 3-Moody’s keeps South Africa rating at investment grade, revises outlook (feeds.reuters.com)
- Moody’s keeps South Africa at investment grade, changes outlook to stable (feeds.reuters.com)
- UPDATE 1-Moody’s keeps South Africa at investment grade, changes outlook to stable (feeds.reuters.com)
- Westwood Holdings Group Inc. Decreases Holdings in Moody’s Co … – Newburgh Gazette (newburghgazette.com)
- Moody’s Analytics wins Gold Stevie® Award for Innovation in Customer Service (markets.financialcontent.com)
A number of equities research analysts have commented on the company. Argus raised their price objective on Moody's to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. They noted that the move was a valuation call. Barclays raised their price objective on Moody's from $175.00 to $180.00 and gave the stock an “overweight” rating in a research report on Monday, February 12th. Cantor Fitzgerald raised their price objective on Moody's from $148.00 to $155.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Nomura assumed coverage on Moody's in a research report on Thursday, January 11th. They set a “buy” rating and a $180.00 price objective for the company. Finally, Credit Suisse Group restated a “neutral” rating and set a $187.00 price objective (up from $161.00) on shares of Moody's in a research report on Monday, February 12th. Eight research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $163.50.
Moody's (NYSE:MCO) last announced its quarterly earnings results on Friday, February 9th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.06. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.07 billion. Moody's had a negative return on equity of 319.45% and a net margin of 23.80%. The firm’s revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.23 EPS. equities research analysts predict that Moody's will post 7.69 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Tuesday, February 20th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.11%. This is a positive change from Moody's’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, February 16th. Moody's’s payout ratio is currently 34.17%.
In related news, VP Linda Huber sold 30,391 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $161.92, for a total value of $4,920,910.72. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Darrell Duffie sold 500 shares of the firm’s stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $147.93, for a total value of $73,965.00. Following the completion of the transaction, the director now directly owns 21,336 shares in the company, valued at $3,156,234.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,682 shares of company stock valued at $5,788,681. 1.17% of the stock is owned by corporate insiders.
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Moody's 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 research and analytical services to financial institution customers.
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