Moody’s Corp. CFO Sells $7,435,040 in Stock (MCO)
Moody’s Corp. (NYSE:MCO) CFO Linda Huber unloaded 92,938 shares of Moody’s Corp. stock on the open market in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $80.00, for a total value of $7,435,040.00. Following the completion of the sale, the chief financial officer now directly owns 40,422 shares in the company, valued at approximately $3,233,760. The sale was disclosed in a legal filing with the SEC, 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, February 12th. 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, February 10th. 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, February 10th. They now have a “hold” rating on the stock. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $80.82.
Moody’s Corp. (NYSE:MCO) traded down 0.35% on Thursday, hitting $78.93. The stock had a trading volume of 1,306,547 shares. Moody’s Corp. has a 1-year low of $46.46 and a 1-year high of $85.70. The stock has a 50-day moving average of $76.58 and a 200-day moving average of $72.29. The company has a market cap of $16.891 billion and a P/E ratio of 22.00.
Moody’s Corp. (NYSE:MCO) last posted its quarterly earnings results 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 prior year, the company posted $0.70 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. On average, analysts predict that Moody’s Corp. will post $3.96 earnings per share 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.