News headlines about Moody's (NYSE:MCO) have been trending somewhat positive on Friday, Accern reports. Accern scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Moody's earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave headlines about the business services provider an impact score of 45.6499471899414 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern’s analysis:
- Moody’s Corporation Announces Commencement of Exchange Offer (finance.yahoo.com)
- BRIEF-Moody’s says Downgrades PDVSA’s ratings to C : Stable Outlook (feeds.reuters.com)
- Moody’s upgrades auto industry outlook from negative to stable (cnbc.com)
- Retail defaults to spike in March as maturities mount in 2019, Moody’s says (cnbc.com)
- UPDATE 5-Oil stable on strong China data, but rising U.S. output caps gains (feeds.reuters.com)
Several research analysts have commented on the stock. Barclays boosted their price target on shares of Moody's from $175.00 to $180.00 and gave the stock an “overweight” rating in a report on Monday, February 12th. Cantor Fitzgerald reiterated a “hold” rating on shares of Moody's in a report on Friday, February 9th. Credit Suisse Group reiterated a “neutral” rating and set a $187.00 price target (up previously from $161.00) on shares of Moody's in a report on Monday, February 12th. Wells Fargo set a $160.00 price target on shares of Moody's and gave the stock a “market perform” rating in a report on Monday, February 12th. Finally, BMO Capital Markets boosted their price target on shares of Moody's from $159.00 to $161.00 and gave the stock a “market perform” rating in a report on Friday, February 9th. Eight research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $163.50.
Moody's (NYSE:MCO) last issued its earnings results on Friday, February 9th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.06. Moody's had a net margin of 23.80% and a negative return on equity of 319.45%. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the business posted $1.23 EPS. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. sell-side analysts predict that Moody's will post 7.69 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Tuesday, February 20th were issued a $0.44 dividend. This is a boost from Moody's’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.76 annualized dividend and a dividend yield of 1.05%. Moody's’s dividend payout ratio is presently 34.17%.
In other news, VP Linda Huber sold 30,391 shares of the company’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $161.92, for a total value of $4,920,910.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Darrell Duffie sold 500 shares of the company’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $147.93, for a total transaction of $73,965.00. Following the completion of the transaction, the director now owns 21,336 shares of the company’s stock, valued at approximately $3,156,234.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,682 shares of company stock valued at $5,788,681. Company insiders own 1.17% of the company’s stock.
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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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