Moody's Co. (NYSE:MCO) Director Darrell Duffie sold 500 shares of Moody's stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $160.96, for a total value of $80,480.00. Following the sale, the director now owns 21,944 shares of the company’s stock, valued at $3,532,106.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
MCO stock opened at $162.23 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of -44.48. The stock has a market capitalization of $31,007.89, a P/E ratio of 27.00, a PEG ratio of 1.83 and a beta of 1.26. Moody's Co. has a 1-year low of $111.94 and a 1-year high of $171.68.
Moody's (NYSE:MCO) last released its quarterly earnings data on Friday, February 9th. The business services provider reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.06. Moody's had a negative return on equity of 319.45% and a net margin of 23.80%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the company posted $1.23 earnings per share. The firm’s quarterly revenue was up 23.7% on a year-over-year basis. sell-side analysts anticipate that Moody's Co. will post 7.7 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of MCO. The Manufacturers Life Insurance Company grew its stake in Moody's by 213.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 960,801 shares of the business services provider’s stock valued at $141,824,000 after purchasing an additional 654,589 shares during the last quarter. Renaissance Technologies LLC grew its stake in Moody's by 136.7% in the fourth quarter. Renaissance Technologies LLC now owns 466,500 shares of the business services provider’s stock valued at $68,860,000 after purchasing an additional 269,400 shares during the last quarter. BlackRock Inc. grew its stake in Moody's by 2.2% in the fourth quarter. BlackRock Inc. now owns 10,557,911 shares of the business services provider’s stock valued at $1,558,454,000 after purchasing an additional 228,277 shares during the last quarter. Mackenzie Financial Corp grew its stake in Moody's by 71.5% in the fourth quarter. Mackenzie Financial Corp now owns 508,342 shares of the business services provider’s stock valued at $75,036,000 after purchasing an additional 211,895 shares during the last quarter. Finally, Carillon Tower Advisers Inc. purchased a new position in Moody's in the fourth quarter valued at about $29,471,000. Institutional investors own 88.50% of the company’s stock.
Several research firms have recently weighed in on MCO. Argus lifted their target price 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 lifted their price objective on Moody's from $175.00 to $180.00 and gave the company an “overweight” rating in a report on Monday, February 12th. Cantor Fitzgerald lifted their price objective on Moody's from $148.00 to $155.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Credit Suisse Group restated a “neutral” rating and issued a $187.00 price objective (up from $161.00) on shares of Moody's in a report on Monday, February 12th. Finally, Wells Fargo set a $160.00 price objective on Moody's and gave the company a “market perform” rating in a report on Monday, February 12th. Eight research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $163.50.
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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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