Stifel Nicolaus began coverage on shares of Moody's (NYSE:MCO) in a research note published on Tuesday, December 19th, Marketbeat Ratings reports. The brokerage issued a hold rating and a $167.00 target price on the business services provider’s stock.
MCO has been the topic of several other reports. Credit Suisse Group restated a neutral rating and set a $137.00 price objective (up from $131.00) on shares of Moody's in a report on Wednesday, August 30th. They noted that the move was a valuation call. Barclays increased their target price on Moody's from $135.00 to $150.00 and gave the company an equal weight rating in a research report on Friday, September 15th. Cantor Fitzgerald reissued a hold rating and issued a $148.00 price objective on shares of Moody's in a research report on Monday, November 6th. Argus raised their price objective on Moody's to $165.00 and gave the stock a buy rating in a research report on Thursday, November 9th. Finally, UBS Group lifted their price target on Moody's from $142.00 to $150.00 and gave the stock a neutral rating in a research report on Monday, November 6th. Seven analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Moody's presently has a consensus rating of Buy and an average target price of $155.82.
Shares of Moody's (NYSE:MCO) traded up $1.53 during trading on Tuesday, reaching $157.25. The company had a trading volume of 564,102 shares, compared to its average volume of 715,781. Moody's has a 52 week low of $93.87 and a 52 week high of $157.56. The company has a market capitalization of $30,030.00, a price-to-earnings ratio of 56.56, a PEG ratio of 2.49 and a beta of 1.36. 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 (NYSE:MCO) last issued its quarterly earnings data on Friday, November 3rd. The business services provider reported $1.52 earnings per share (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 business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $992.81 million. During the same period in the prior year, the business posted $1.34 earnings per share. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. sell-side analysts predict that Moody's will post 5.96 earnings per share for the current year.
In related news, Director Darrell Duffie sold 500 shares of the company’s stock in a transaction that occurred on Saturday, December 29th. The stock was sold at an average price of $147.93, for a total value of $73,965.00. Following the transaction, the director now directly owns 21,336 shares in the company, valued at $3,156,234.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ewald Kist sold 4,000 shares of the company’s 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 90 days, insiders have sold 5,000 shares of company stock worth $715,930. Insiders own 1.17% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Moody's by 2.9% in the second quarter. Vanguard Group Inc. now owns 16,203,350 shares of the business services provider’s stock valued at $1,971,623,000 after purchasing an additional 463,669 shares during the period. BlackRock Inc. increased its position in shares of Moody's by 1.7% during the second quarter. BlackRock Inc. now owns 10,350,596 shares of the business services provider’s stock worth $1,259,461,000 after acquiring an additional 169,560 shares during the period. Fiera Capital Corp increased its position in shares of Moody's by 17.8% during the second quarter. Fiera Capital Corp now owns 5,793,968 shares of the business services provider’s stock worth $705,010,000 after acquiring an additional 876,210 shares during the period. Principal Financial Group Inc. increased its position in shares of Moody's by 0.7% during the third quarter. Principal Financial Group Inc. now owns 5,128,216 shares of the business services provider’s stock worth $713,898,000 after acquiring an additional 33,723 shares during the period. Finally, Harris Associates L P increased its position in shares of Moody's by 8.5% during the second quarter. Harris Associates L P now owns 3,670,649 shares of the business services provider’s stock worth $446,645,000 after acquiring an additional 288,906 shares during the period. 87.32% of the stock is currently owned by institutional investors.
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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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