Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Moody's (MCO) Share Price
News coverage about Moody's (NYSE:MCO) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Moody's earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave news stories about the business services provider an impact score of 45.3555595381632 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Research: Rating Action: Moody’s assigns definitive ratings to seven … – Moodys.com (press release) (moodys.com)
- Moody’s: No rating impact on Fortified Trust receivables-backed notes following account addition (moodys.com)
- Decade since recession: Thriving cities leave others behind (marketbeat.com)
- Moody’s assigns first-time A3 issuer rating to China Energy Engineering Corporation (moodys.com)
- Moody’s Corp. – Value Analysis (NYSE:MCO) : December 26, 2017 (finance.yahoo.com)
Several analysts have commented on MCO shares. BMO Capital Markets restated a “market perform” rating and issued a $136.00 price target (up previously from $135.00) on shares of Moody's in a report on Wednesday, September 6th. Barclays boosted their target price on Moody's from $135.00 to $150.00 and gave the stock an “equal weight” rating in a report on Friday, September 15th. Piper Jaffray Companies reiterated a “hold” rating and set a $149.00 target price (up previously from $140.00) on shares of Moody's in a report on Wednesday, October 4th. Morgan Stanley reiterated an “equal weight” rating and set a $135.00 target price (up previously from $134.00) on shares of Moody's in a report on Friday, October 6th. Finally, Cantor Fitzgerald reiterated a “hold” rating and set a $148.00 target price on shares of Moody's in a report on Monday, November 6th. Seven investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Moody's presently has an average rating of “Hold” and a consensus target price of $153.40.
Shares of Moody's (MCO) traded up $1.19 during trading hours on Friday, hitting $147.82. The stock had a trading volume of 479,700 shares, compared to its average volume of 830,216. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of -32.57. Moody's has a 1-year low of $93.51 and a 1-year high of $153.86. The stock has a market cap of $28,290.00, a PE ratio of 53.17, a P/E/G ratio of 2.59 and a beta of 1.36.
Moody's (NYSE:MCO) last issued its earnings results on Friday, November 3rd. The business services provider reported $1.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.15. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $992.81 million. Moody's had a negative return on equity of 187.20% and a net margin of 13.73%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.34 EPS. research analysts expect that Moody's will post 5.96 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.03%. The ex-dividend date was Monday, November 20th. Moody's’s dividend payout ratio (DPR) is presently 54.68%.
In related news, Director Ewald Kist sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $142.00, for a total transaction of $568,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.17% of the company’s stock.
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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