Moody’s Corporation (MCO) Upgraded at Barclays PLC

Barclays PLC upgraded shares of Moody’s Corporation (NYSE:MCO) from an equal weight rating to an overweight rating in a report issued on Friday morning, MarketBeat.com reports. The firm currently has $165.00 price objective on the business services provider’s stock, up from their previous price objective of $150.00.

MCO has been the subject of a number of other research reports. Credit Suisse Group restated a neutral rating and issued a $137.00 price target (up previously from $131.00) on shares of Moody’s Corporation in a research report on Wednesday, August 30th. They noted that the move was a valuation call. Cantor Fitzgerald restated a hold rating and issued a $148.00 price target on shares of Moody’s Corporation in a research report on Monday, November 6th. UBS AG upped their price target on Moody’s Corporation from $138.00 to $142.00 and gave the stock a neutral rating in a research report on Friday, August 18th. BMO Capital Markets restated a market perform rating and issued a $136.00 price target (up previously from $135.00) on shares of Moody’s Corporation in a research report on Wednesday, September 6th. Finally, Morgan Stanley restated an equal weight rating and issued a $131.00 price target (up previously from $122.00) on shares of Moody’s Corporation in a research report on Tuesday, July 25th. Six analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Moody’s Corporation currently has an average rating of Buy and an average price target of $151.89.

Shares of Moody’s Corporation (NYSE:MCO) opened at $146.79 on Friday. The company has a debt-to-equity ratio of -32.57, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market capitalization of $28,051.57, a PE ratio of 25.62, a price-to-earnings-growth ratio of 2.60 and a beta of 1.35. Moody’s Corporation has a 1 year low of $93.51 and a 1 year high of $148.00.

Moody’s Corporation (NYSE:MCO) last issued its quarterly earnings results on Friday, November 3rd. The business services provider reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.15. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $992.81 million. Moody’s Corporation had a negative return on equity of 187.20% and a net margin of 13.73%. The business’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.34 earnings per share. sell-side analysts expect that Moody’s Corporation will post 5.94 EPS for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Monday, November 20th. Moody’s Corporation’s dividend payout ratio (DPR) is 54.29%.

In related news, insider Raymond W. Mcdaniel sold 45,216 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $134.16, for a total transaction of $6,066,178.56. Following the completion of the transaction, the insider now directly owns 292,310 shares of the company’s stock, valued at $39,216,309.60. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Darrell Duffie sold 500 shares of the stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $138.41, for a total value of $69,205.00. Following the transaction, the director now directly owns 21,804 shares of the company’s stock, valued at $3,017,891.64. The disclosure for this sale can be found here. Corporate insiders own 1.17% of the company’s stock.

A number of institutional investors have recently made changes to their positions in MCO. Fiera Capital Corp boosted its stake in Moody’s Corporation by 17.8% during the second quarter. Fiera Capital Corp now owns 5,793,968 shares of the business services provider’s stock valued at $705,010,000 after buying an additional 876,210 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in Moody’s Corporation by 250.2% during the second quarter. Parametric Portfolio Associates LLC now owns 1,134,858 shares of the business services provider’s stock valued at $138,090,000 after buying an additional 810,843 shares during the last quarter. Vanguard Group Inc. boosted its stake in Moody’s Corporation by 2.9% during the second quarter. Vanguard Group Inc. now owns 16,203,350 shares of the business services provider’s stock valued at $1,971,623,000 after buying an additional 463,669 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in Moody’s Corporation by 974.4% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 360,502 shares of the business services provider’s stock valued at $33,783,000 after buying an additional 326,947 shares during the last quarter. Finally, Balyasny Asset Management LLC boosted its stake in Moody’s Corporation by 3,117.8% during the second quarter. Balyasny Asset Management LLC now owns 311,771 shares of the business services provider’s stock valued at $37,936,000 after buying an additional 302,082 shares during the last quarter. 88.00% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Moody`s Corporation (NYSE:MCO)

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