Moody's (MCO) Research Coverage Started at Stifel Nicolaus

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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About Moody's

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.

Analyst Recommendations for Moody's (NYSE:MCO)

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