Moody’s Corp. Director Sells $397,200 in Stock (MCO)
Moody’s Corp. (NYSE:MCO) Director John K. Wulff unloaded 5,000 shares of the company’s stock on the open market in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $79.44, for a total transaction of $397,200.00. Following the transaction, the director now directly owns 38,855 shares in the company, valued at approximately $3,086,641. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on MCO. Analysts at Wells Fargo & Co. initiated coverage on shares of Moody’s Corp. in a research note on Wednesday. They set a “market perform” rating on the stock. Separately, analysts at Barclays raised their price target on shares of Moody’s Corp. from $85.00 to $92.00 in a research note on Monday. They now have an “overweight” rating on the stock. Finally, analysts at Benchmark Co. raised their price target on shares of Moody’s Corp. to $81.00 in a research note on Monday. They now have a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $76.42.
Moody’s Corp. (NYSE:MCO) traded down 0.15% during mid-day trading on Thursday, hitting $79.46. The stock had a trading volume of 433,358 shares. Moody’s Corp. has a 52 week low of $46.16 and a 52 week high of $85.70. The stock has a 50-day moving average of $76.41 and a 200-day moving average of $71.91. The company has a market cap of $17.004 billion and a price-to-earnings ratio of 22.11.
Moody’s Corp. (NYSE:MCO) last issued its quarterly earnings data on Friday, February 7th. The company reported $0.85 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.70 earnings per share. Moody’s Corp.’s revenue was up 3.3% compared to the same quarter last year. Analysts expect that Moody’s Corp. will post $3.95 EPS for the current fiscal year.
Moody’s Corporation (NYSE:MCO) is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services; quantitative credit risk measures, financial services training and certification services, and outsourced research and analytical services to institutional customers.
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