Moody’s Corporation (NYSE:MCO)‘s stock had its “neutral” rating reiterated by UBS AG in a report released on Tuesday, www.flashratings.com reports. They presently have a $138.00 price target on the business services provider’s stock, up from their previous price target of $121.00. UBS AG’s price objective points to a potential upside of 3.95% from the company’s current price.
Several other equities analysts have also commented on the company. Barclays PLC reiterated a “hold” rating and set a $118.00 price objective on shares of Moody’s Corporation in a research report on Thursday, April 27th. Zacks Investment Research lowered Moody’s Corporation from a “buy” rating to a “hold” rating in a research report on Monday, June 19th. BidaskClub lowered Moody’s Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Cantor Fitzgerald reiterated a “neutral” rating and set a $128.00 price objective (up from $116.00) on shares of Moody’s Corporation in a research report on Monday. Finally, BMO Capital Markets reiterated a “hold” rating and set a $124.00 price objective on shares of Moody’s Corporation in a research report on Wednesday, April 26th. Six research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Moody’s Corporation currently has a consensus rating of “Hold” and a consensus price target of $127.13.
Moody’s Corporation (NYSE:MCO) traded down 0.61% on Tuesday, reaching $132.75. The company’s stock had a trading volume of 1,014,784 shares. The stock’s 50 day moving average price is $122.22 and its 200 day moving average price is $113.97. The firm has a market cap of $25.36 billion, a PE ratio of 53.33 and a beta of 1.29. Moody’s Corporation has a 52-week low of $93.51 and a 52-week high of $135.20.
Moody’s Corporation (NYSE:MCO) last announced its earnings results on Friday, July 21st. The business services provider reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.18. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $968.78 million. Moody’s Corporation had a negative return on equity of 167.31% and a net margin of 12.63%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.30 EPS. Equities research analysts expect that Moody’s Corporation will post $5.43 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: This article was reported by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be accessed at https://stocknewstimes.com/2017/07/25/ubs-ag-reiterates-neutral-rating-for-moodys-corporation-mco.html.
In related news, insider Raymond W. Mcdaniel sold 61,667 shares of the stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $113.35, for a total transaction of $6,989,954.45. Following the completion of the sale, the insider now directly owns 308,761 shares in the company, valued at approximately $34,998,059.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Darrell Duffie sold 500 shares of the stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $121.64, for a total value of $60,820.00. Following the sale, the director now owns 22,268 shares of the company’s stock, valued at $2,708,679.52. The disclosure for this sale can be found here. Insiders have sold a total of 212,612 shares of company stock valued at $25,104,433 over the last 90 days. 1.17% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in shares of Moody’s Corporation by 2,616.3% in the first quarter. BlackRock Inc. now owns 10,181,036 shares of the business services provider’s stock valued at $1,140,681,000 after buying an additional 9,806,220 shares in the last quarter. Harris Associates L P acquired a new stake in Moody’s Corporation during the first quarter valued at $378,890,000. Akre Capital Management LLC boosted its stake in Moody’s Corporation by 21.9% in the first quarter. Akre Capital Management LLC now owns 5,679,831 shares of the business services provider’s stock valued at $636,368,000 after buying an additional 1,019,167 shares during the period. Vanguard Group Inc. boosted its stake in Moody’s Corporation by 3.2% in the first quarter. Vanguard Group Inc. now owns 15,739,681 shares of the business services provider’s stock valued at $1,763,474,000 after buying an additional 490,573 shares during the period. Finally, APG Asset Management N.V. boosted its stake in Moody’s Corporation by 26.3% in the first quarter. APG Asset Management N.V. now owns 1,772,538 shares of the business services provider’s stock valued at $198,595,000 after buying an additional 368,801 shares during the period. Institutional investors own 88.67% of the company’s stock.
About Moody’s Corporation
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.
Receive News & Ratings for Moody's Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moody's Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
