Insider Selling: Moody’s Corp. EVP Sells 10,197 Shares of Stock (MCO)
Moody’s Corp. (NYSE:MCO) EVP John Goggins sold 10,197 shares of the stock on the open market in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $70.00, for a total transaction of $713,790.00. Following the completion of the sale, the executive vice president now directly owns 37,097 shares of the company’s stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
MCO has been the subject of a number of recent research reports. Analysts at William Blair initiated coverage on shares of Moody’s Corp. (NYSE:MCO) in a research note to investors on Monday, September 9th. They set an “outperform” rating on the stock. Separately, analysts at Lazard Capital Markets upgraded shares of Moody’s Corp. (NYSE:MCO) from a “neutral” rating to a “buy” rating in a research note to investors on Friday, September 6th. They now have a $74.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Moody’s Corp. (NYSE:MCO) from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, August 30th. They now have a $67.00 price target on the stock.
One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. Moody’s Corp. currently has an average rating of “Hold” and an average target price of $64.89.
Moody’s Corp. (NYSE:MCO) traded up 1.34% during mid-day trading on Wednesday, hitting $71.31. The stock had a trading volume of 963,892 shares. Moody’s Corp. has a 52 week low of $40.67 and a 52 week high of $71.68. The stock has a 50-day moving average of $66.64 and a 200-day moving average of $61.10. The company has a market cap of $15.717 billion and a P/E ratio of 20.94.
Moody’s Corp. (NYSE:MCO) last announced its earnings results on Wednesday, July 24th. The company reported $1.00 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.90 by $0.10. The company had revenue of $756.00 million for the quarter, compared to the consensus estimate of $722.24 million. During the same quarter in the prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue was up 18.0% on a year-over-year basis. On average, analysts predict that Moody’s Corp. will post $3.59 earnings per share for the current fiscal year.
Moody’s Corporation (NYSE:MCO) is a provider of credit ratings; credit and economic related research, data and analytical tools; software solutions and related risk management services; quantitative credit risk measures, credit portfolio management solutions, training and financial credentialing and certification services, and outsourced research and analytical services to institutional customers.
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