Moody’s Corp. (MCO) Stock Rating Reaffirmed by BMO Capital Markets
Moody’s Corp. (NYSE:MCO)‘s stock had its “market perform” rating reissued by stock analysts at BMO Capital Markets in a report released on Friday. They currently have a $112.00 price objective on the stock, up from their previous price objective of $104.00. BMO Capital Markets’ price target points to a potential upside of 3.44% from the stock’s current price.
Other research analysts also recently issued research reports about the stock. Cantor Fitzgerald set a $105.00 price objective on shares of Moody’s Corp. and gave the stock a “hold” rating in a research report on Thursday. Barclays PLC upped their price objective on shares of Moody’s Corp. from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 21st. Argus upped their price objective on shares of Moody’s Corp. from $110.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. Morgan Stanley reissued an “overweight” rating and set a $114.00 target price on shares of Moody’s Corp. in a research note on Tuesday, July 19th. Finally, Zacks Investment Research raised shares of Moody’s Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, June 8th. Eight research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Moody’s Corp. currently has a consensus rating of “Hold” and an average price target of $108.23.
Shares of Moody’s Corp. (NYSE:MCO) traded up 0.49% on Friday, hitting $108.28. 1,672,339 shares of the company were exchanged. The firm’s 50-day moving average is $107.50 and its 200-day moving average is $100.40. The stock has a market capitalization of $20.82 billion, a PE ratio of 24.18 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 posted its earnings results on Friday, July 22nd. The company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.03. The company earned $928.90 million during the quarter, compared to the consensus estimate of $909.08 million. Moody’s Corp. had a net margin of 25.81% and a negative return on equity of 273.01%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.28 earnings per share. Equities research analysts predict that Moody’s Corp. will post $4.62 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Monday, August 22nd were issued a $0.37 dividend. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $1.48 annualized dividend and a yield of 1.37%. Moody’s Corp.’s payout ratio is 33.18%.
In other Moody’s Corp. news, EVP John J. Goggins sold 24,250 shares of the business’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $104.53, for a total value of $2,534,852.50. Following the transaction, the executive vice president now directly owns 75,291 shares in the company, valued at approximately $7,870,168.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Linda Huber sold 182,595 shares of the business’s 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 transaction, the vice president now owns 63,637 shares in the company, valued at $7,008,342.81. The disclosure for this sale can be found here. 1.48% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. NN Investment Partners Holdings N.V. purchased a new position in Moody’s Corp. during the first quarter valued at $103,000. Ropes Wealth Advisors LLC raised its position in Moody’s Corp. by 614.2% in the second quarter. Ropes Wealth Advisors LLC now owns 1,407 shares of the company’s stock valued at $132,000 after buying an additional 1,210 shares during the last quarter. FNY Managed Accounts LLC purchased a new position in Moody’s Corp. during the second quarter valued at $190,000. Pinkerton Retirement Specialists LLC purchased a new position in Moody’s Corp. during the second quarter valued at $196,000. Finally, BlueMountain Capital Management LLC purchased a new position in Moody’s Corp. during the first quarter valued at $210,000. Institutional investors 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.
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