Somewhat Favorable News Coverage Somewhat Unlikely to Impact Moody’s Corporation (NYSE:MCO) Share Price
Press coverage about Moody’s Corporation (NYSE:MCO) has been trending somewhat positive on Thursday, Accern reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Moody’s Corporation earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned press coverage about the business services provider an impact score of 45.886446719505 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s rankings:
- Moody’s: US corporate cash grows despite lower borrowing; tech extends lead over other sectors (moodys.com)
- Moody’s Analytics Examines Impact of Disruptive Technologies on Financial Sector in Newest Risk Perspectives (finance.yahoo.com)
- Insider Selling: Moody’s Corporation (NYSE:MCO) Insider Sells 45,216 Shares of Stock (americanbankingnews.com)
- Qatar’s banks face a deteriorating situation as blockade continues, Moody’s says (cnbc.com)
- $945.70 Million in Sales Expected for Moody’s Corporation (NYSE:MCO) This Quarter (americanbankingnews.com)
A number of equities research analysts have commented on MCO shares. BidaskClub raised shares of Moody’s Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 30th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $131.00 target price (up previously from $122.00) on shares of Moody’s Corporation in a research report on Tuesday, July 25th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $116.00 target price on shares of Moody’s Corporation in a research report on Monday, May 8th. Zacks Investment Research downgraded shares of Moody’s Corporation from a “buy” rating to a “hold” rating in a research report on Monday, June 19th. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $135.00 target price (up previously from $128.00) on shares of Moody’s Corporation in a research report on Monday, July 24th. Six research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $127.13.
Moody’s Corporation (NYSE MCO) opened at 128.02 on Thursday. The company has a market cap of $24.46 billion, a P/E ratio of 51.43 and a beta of 1.29. Moody’s Corporation has a one year low of $93.51 and a one year high of $135.20. The company has a 50-day moving average of $125.51 and a 200 day moving average of $115.83.
Moody’s Corporation (NYSE:MCO) last released its quarterly earnings results on Friday, July 21st. The business services provider reported $1.51 EPS for the quarter, beating 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 firm’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the business earned $1.30 earnings per share. Analysts anticipate that Moody’s Corporation will post $5.51 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Tuesday, August 22nd will be given a dividend of $0.38 per share. The ex-dividend date is Friday, August 18th. This represents a $1.52 annualized dividend and a yield of 1.19%. Moody’s Corporation’s dividend payout ratio is presently 61.29%.
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 sale, the insider now owns 308,761 shares in the company, valued at $34,998,059.35. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 sale, the senior vice president now owns 19,359 shares in the company, valued at approximately $2,221,638.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 257,828 shares of company stock worth $30,938,654. Company insiders own 1.17% of the company’s stock.
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.
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