Moody’s Corp. Hits New 52-Week High at $71.53 (MCO)
Shares of Moody’s Corp. (NYSE:MCO) hit a new 52-week high during mid-day trading on Wednesday, AnalystRatingsNetwork.com reports. The stock traded as high as $71.53 and last traded at $71.49, with a volume of 534,880 shares trading hands. The stock had previously closed at $70.37.
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 given a hold rating and five have assigned a buy rating to the stock. Moody’s Corp. currently has an average rating of “Hold” and a consensus price target of $64.89.
Moody’s Corp. has a 52-week low of $40.67 and a 52-week high of $71.25. The stock’s 50-day moving average is $66.51 and its 200-day moving average is $61.0. The company has a market cap of $15.717 billion and a price-to-earnings ratio of 20.94.
Moody’s Corp. (NYSE:MCO) last announced its earnings results on Wednesday, July 24th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.76 earnings per share. The company’s revenue for the quarter 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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