Moody’s Corporation (NYSE:MCO) had its price objective lifted by stock analysts at BMO Capital Markets from $124.00 to $127.00 in a research note issued on Friday, July 14th. The firm currently has a “market perform” rating on the business services provider’s stock. BMO Capital Markets’ price target would indicate a potential downside of 3.94% from the stock’s previous close.
A number of other brokerages have also commented on MCO. Morgan Stanley raised their price objective on shares of Moody’s Corporation from $117.00 to $118.00 and gave the stock an “equal weight” rating in a report on Friday, April 28th. BidaskClub upgraded shares of Moody’s Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, June 30th. Cantor Fitzgerald restated a “hold” rating and set a $116.00 price objective on shares of Moody’s Corporation in a report on Monday, May 8th. Zacks Investment Research upgraded shares of Moody’s Corporation from a “hold” rating to a “buy” rating and set a $126.00 price objective on the stock in a report on Tuesday, March 21st. Finally, Barclays PLC raised their price objective on shares of Moody’s Corporation from $118.00 to $128.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 28th. Six analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $127.13.
Shares of Moody’s Corporation (NYSE MCO) traded up 0.24% during mid-day trading on Friday, reaching $132.21. 677,659 shares of the company’s stock traded hands. The firm has a market cap of $25.25 billion, a price-to-earnings ratio of 53.12 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. The company’s 50 day moving average is $123.47 and its 200-day moving average is $114.48.
Moody’s Corporation (NYSE:MCO) last posted its earnings results on Friday, July 21st. The business services provider reported $1.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.18. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $968.78 million. Moody’s Corporation had a net margin of 12.63% and a negative return on equity of 167.31%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the business posted $1.30 earnings per share. Equities analysts expect that Moody’s Corporation will post $5.50 earnings per share for the current fiscal year.
In other news, insider Raymond W. Mcdaniel sold 61,667 shares of Moody’s Corporation stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $113.35, for a total value of $6,989,954.45. Following the completion of the transaction, the insider now owns 308,761 shares of the company’s stock, valued at approximately $34,998,059.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Blair Worrall sold 11,384 shares of Moody’s Corporation stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $114.76, for a total transaction of $1,306,427.84. Following the completion of the transaction, the senior vice president now directly owns 19,359 shares of the company’s stock, valued at approximately $2,221,638.84. The disclosure for this sale can be found here. Insiders sold a total of 212,612 shares of company stock worth $25,104,433 over the last quarter. Company insiders own 1.17% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Federated Investors Inc. PA boosted its stake in Moody’s Corporation by 0.4% in the fourth quarter. Federated Investors Inc. PA now owns 4,304 shares of the business services provider’s stock worth $406,000 after buying an additional 19 shares during the last quarter. Cleararc Capital Inc. boosted its stake in Moody’s Corporation by 0.5% in the first quarter. Cleararc Capital Inc. now owns 4,046 shares of the business services provider’s stock worth $453,000 after buying an additional 22 shares during the last quarter. Dubuque Bank & Trust Co. boosted its stake in Moody’s Corporation by 1.6% in the first quarter. Dubuque Bank & Trust Co. now owns 1,423 shares of the business services provider’s stock worth $159,000 after buying an additional 23 shares during the last quarter. Capstone Asset Management Co. boosted its stake in Moody’s Corporation by 0.4% in the first quarter. Capstone Asset Management Co. now owns 13,902 shares of the business services provider’s stock worth $1,558,000 after buying an additional 50 shares during the last quarter. Finally, Whittier Trust Co. boosted its stake in Moody’s Corporation by 0.8% in the first quarter. Whittier Trust Co. now owns 9,293 shares of the business services provider’s stock worth $1,041,000 after buying an additional 72 shares during the last quarter. 88.67% of the stock is owned by institutional investors.
Moody’s Corporation 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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