A number of firms have modified their ratings and price targets on shares of Moody’s (NYSE: MCO) recently:

  • 11/29/2017 – Moody’s had its “hold” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $148.00 price target on the stock. They wrote, “Issuance has had a better than expected year. Moody’s Issuance business (MIS) is guided to grow in the low-teens in 2017 vs. original projections of mid-single digit growth. Keys to issuance in 2018 (our estimate is for 6% growth) include GDP, refinancing walls, and stable to increasing interest rates. moderate. A tax reform potentially bringing the tax rate to 20% from 35% would have a positive impact on Moody’s, who estimates a 1% change in rate would have a $0.07 to $0.08 impact on EPS. International expansion remains an opportunity for the issuance business.””
  • 11/19/2017 – Moody’s had its “hold” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $148.00 price target on the stock.
  • 11/17/2017 – Moody’s was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating. They now have a $165.00 price target on the stock, up previously from $150.00.
  • 11/9/2017 – Moody’s had its price target raised by analysts at Argus to $165.00. They now have a “buy” rating on the stock.
  • 11/6/2017 – Moody’s had its price target raised by analysts at BMO Capital Markets from $143.00 to $146.00. They now have a “market perform” rating on the stock.
  • 11/6/2017 – Moody’s had its price target raised by analysts at Credit Suisse Group from $137.00 to $161.00. They now have a “neutral” rating on the stock.
  • 11/6/2017 – Moody’s had its price target raised by analysts at UBS AG from $142.00 to $150.00. They now have a “neutral” rating on the stock.
  • 11/6/2017 – Moody’s had its “hold” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $148.00 price target on the stock. They wrote, “Foresi’s Take. Moody’s reported strong overall results, driven by a solid outperformance by the ratings business. The outperformance occurred despite a 2% decline in U.S. Corporate Debt Issuance in the period. The ratings business posted significant outperformance because Moody’s had a favorable mix within U.S. investment-grade and Asian speculative-grade bond issuance and because of a strong contribution from U.S. rated bank loans. Moody’s expects the issuance business to grow in the low-teens for 2017, vs. 1.6% growth in 2016.””
  • 10/13/2017 – Moody’s had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $143.00 price target on the stock.
  • 10/6/2017 – Moody’s had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $135.00 price target on the stock, up previously from $134.00.
  • 10/4/2017 – Moody’s had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $149.00 price target on the stock, up previously from $140.00.

Moody’s Corporation (NYSE:MCO) traded down $1.04 during midday trading on Thursday, hitting $149.84. The stock had a trading volume of 626,500 shares, compared to its average volume of 839,540. The company has a market capitalization of $28,833.17, a price-to-earnings ratio of 26.33, a price-to-earnings-growth ratio of 2.67 and a beta of 1.35. The company has a debt-to-equity ratio of -32.57, a quick ratio of 1.15 and a current ratio of 1.15. Moody’s Corporation has a 1 year low of $93.51 and a 1 year high of $153.41.

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

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Monday, November 20th. Moody’s’s payout ratio is presently 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 Ewald Kist sold 4,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $142.00, for a total value of $568,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,716 shares of company stock valued at $6,703,384. 1.17% of the stock is owned by corporate insiders.

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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