Moody’s Corp. (MCO) Price Target Increased to $125.00 by Analysts at Barclays PLC
Moody’s Corp. (NYSE:MCO) had its price target increased by Barclays PLC from $120.00 to $125.00 in a research report released on Wednesday. The brokerage currently has an overweight rating on the stock.
Several other research firms have also recently commented on MCO. Zacks Investment Research upgraded shares of Moody’s Corp. from a sell rating to a hold rating in a research note on Wednesday, June 15th. Cantor Fitzgerald restated a hold rating and issued a $96.00 target price on shares of Moody’s Corp. in a research note on Friday, July 22nd. Morgan Stanley set a $112.00 target price on shares of Moody’s Corp. and gave the stock a buy rating in a research note on Friday, August 5th. Credit Suisse Group AG started coverage on shares of Moody’s Corp. in a research note on Monday, July 11th. They issued a neutral rating and a $99.00 target price for the company. Finally, Argus raised their target price on shares of Moody’s Corp. from $110.00 to $124.00 and gave the stock a buy rating in a research note on Wednesday, August 17th. Eight investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $106.96.
Shares of Moody’s Corp. (NYSE:MCO) traded up 0.67% during mid-day trading on Wednesday, reaching $110.19. 95,887 shares of the company traded hands. The stock’s 50-day moving average is $106.54 and its 200-day moving average is $99.67. The company has a market capitalization of $21.18 billion, a P/E ratio of 24.61 and a beta of 1.26. Moody’s Corp. has a 52 week low of $77.76 and a 52 week high of $110.83.
Moody’s Corp. (NYSE:MCO) last released its earnings results on Friday, July 22nd. The company reported $1.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.03. Moody’s Corp. had a net margin of 25.81% and a negative return on equity of 273.01%. The company earned $928.90 million during the quarter, compared to analysts’ expectations of $909.08 million. During the same quarter last year, the business earned $1.28 EPS. The business’s revenue was up 1.2% on a year-over-year basis. On average, equities analysts predict that Moody’s Corp. will post $4.57 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Monday, August 22nd were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date was Thursday, August 18th. Moody’s Corp.’s payout ratio is currently 33.18%.
In other news, VP Linda Huber sold 182,595 shares of Moody’s Corp. stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $110.13, for a total transaction of $20,109,187.35. Following the completion of the sale, the vice president now directly owns 63,637 shares in the company, valued at $7,008,342.81. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Darrell Duffie sold 500 shares of Moody’s Corp. stock in a transaction dated Thursday, June 30th. The stock was sold at an average price of $91.94, for a total transaction of $45,970.00. Following the sale, the director now owns 22,090 shares of the company’s stock, valued at $2,030,954.60. The disclosure for this sale can be found here. Company insiders own 1.48% of the company’s stock.
Large investors have recently modified their holdings of the company. NN Investment Partners Holdings N.V. purchased a new stake in shares of Moody’s Corp. during the first quarter worth approximately $103,000. Ropes Wealth Advisors LLC increased its stake in shares of Moody’s Corp. by 614.2% in the second quarter. Ropes Wealth Advisors LLC now owns 1,407 shares of the company’s stock worth $132,000 after buying an additional 1,210 shares during the period. FNY Managed Accounts LLC purchased a new stake in shares of Moody’s Corp. during the second quarter worth approximately $190,000. Pinkerton Retirement Specialists LLC purchased a new stake in shares of Moody’s Corp. during the second quarter worth approximately $196,000. Finally, First Republic Investment Management Inc. purchased a new stake in shares of Moody’s Corp. during the first quarter worth approximately $209,000. Institutional investors and hedge funds own 86.91% of the company’s stock.
Moody’s Corp. 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 outsourced research and analytical services to financial institution customers.
Receive News & Ratings for Moody's Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moody's Corp. and related companies with MarketBeat.com's FREE daily email newsletter.