Moody's Co. Reaches New 1-Year High at $87.47 (MCO)
Moody's Co. (NYSE:MCO) shares hit a new 52-week high during mid-day trading on Friday , AR Network reports. The stock traded as high as $87.47 and last traded at $87.04, with a volume of 306,769 shares. The stock had previously closed at $86.32.
A number of research firms have recently commented on MCO. Analysts at FBR Capital Markets raised their price target on shares of Moody's Co. from $89.00 to $95.00 in a research note on Wednesday, May 28th. They now have an “outperform” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Moody's Co. from $95.00 to $97.00 in a research note on Friday, May 9th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Moody's Co. in a research note on Monday, April 28th. They now have a $83.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Moody's Co. presently has an average rating of “Buy” and an average price target of $82.64.
The stock has a 50-day moving average of $81.81 and a 200-day moving average of $78.37. The company has a market cap of $18.592 billion and a P/E ratio of 22.89.
Moody's Co. (NYSE:MCO) last announced its earnings results on Friday, April 25th. The company reported $0.97 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.91 by $0.06. The company had revenue of $767.20 million for the quarter, compared to the consensus estimate of $770.18 million. During the same quarter in the prior year, the company posted $0.97 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. Analysts expect that Moody's Co. will post $3.98 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, June 10th. Shareholders of record on Tuesday, May 20th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Friday, May 16th.
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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