Moody’s Corp. PT Raised to $77.00 at Evercore Partners (MCO)
Stock analysts at Evercore Partners increased their price objective on shares of Moody’s Corp. (NYSE:MCO) from $72.00 to $77.00 in a report issued on Friday, AnalystRatingsNetwork.com reports. Evercore Partners’ target price indicates a potential downside of 3.77% from the company’s current price.
Moody’s Corp. (NYSE:MCO) traded up 4.23% on Friday, hitting $80.02. The stock had a trading volume of 3,931,512 shares. Moody’s Corp. has a 52 week low of $43.11 and a 52 week high of $85.70. The stock has a 50-day moving average of $76.21 and a 200-day moving average of $71.51. The company has a market cap of $17.212 billion and a price-to-earnings ratio of 22.79.
Moody’s Corp. (NYSE:MCO) last released its earnings data on Friday, February 7th. The company reported $0.85 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.76 by $0.09. The company had revenue of $779.20 million for the quarter, compared to the consensus estimate of $743.87 million. During the same quarter in the previous year, the company posted $0.70 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. Analysts expect that Moody’s Corp. will post $3.56 EPS for the current fiscal year.
MCO has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Moody’s Corp. in a research note to investors on Friday, December 20th. They now have a $78.00 price target on the stock. Separately, analysts at Barclays upgraded shares of Moody’s Corp. from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday, December 16th. They now have a $83.00 price target on the stock, up previously from $78.00. Finally, analysts at Credit Suisse initiated coverage on shares of Moody’s Corp. in a research note to investors on Wednesday, December 11th. They set an “outperform” rating and a $73.09 price target on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $73.26.
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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