Moody’s Corp. COO Sells $2,382,650 in Stock (MCO)
Moody’s Corp. (NYSE:MCO) COO Michel Madelain sold 34,033 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $70.01, for a total transaction of $2,382,650.33. Following the sale, the chief operating officer now directly owns 45,941 shares of the company’s stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. 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’s stock. Moody’s Corp. presently has an average rating of “Hold” and an average price target of $64.89.
Shares of 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’s 50-day moving average is $66.64 and its 200-day moving average is $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 posted its quarterly 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. Analysts expect that Moody’s Corp. will post $3.59 EPS 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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