Moody’s Corp. Hits New 52-Week High at $71.91 (MCO)
Shares of Moody’s Corp. (NYSE:MCO) hit a new 52-week high during trading hours on Thursday, Analyst Ratings Net reports. The company traded as high as $71.91 and last traded at $70.92, with a volume of 560,069 shares trading hands. The stock had previously closed at $69.96.
Several analysts have recently commented on the stock. Analysts at Barclays Capital raised their price target on shares of Moody’s Corp. from $70.00 to $76.00 in a research note to investors on Wednesday, October 2nd. They now have an “equal weight” rating on the stock. Separately, analysts at Raymond James raised their price target on shares of Moody’s Corp. from $72.00 to $74.00 in a research note to investors on Wednesday, September 25th. They now have an “outperform” rating on the stock. Finally, analysts at Lazard Capital Markets raised their price target on shares of Moody’s Corp. from $74.00 to $79.00 in a research note to investors on Wednesday, September 25th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have given 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 price target of $67.40.
Moody’s Corp. has a 1-year low of $40.67 and a 1-year high of $71.74. The stock has a 50-day moving average of $67.87 and a 200-day moving average of $63.21. The company has a market cap of $15.708 billion and a price-to-earnings ratio of 20.82.
Moody’s Corp. (NYSE:MCO) last announced its earnings results on Wednesday, July 24th. The company reported $1.00 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.76 earnings per share. Moody’s Corp.’s revenue was up 18.0% compared to the same quarter last year. 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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