Moody's Co. Price Target Raised to $105.00 at FBR Capital Markets (MCO)
Research analysts at FBR Capital Markets upped their target price on shares of Moody's Co. (NYSE:MCO) from $95.00 to $105.00 in a report released on Friday. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ target price indicates a potential upside of 14.60% from the stock’s previous close.
Moody's Co. (NYSE:MCO) traded down 0.93% during mid-day trading on Friday, hitting $91.62. The stock had a trading volume of 1,495,021 shares. Moody's Co. has a 52 week low of $62.95 and a 52 week high of $95.00. The stock has a 50-day moving average of $88.39 and a 200-day moving average of $81.70. The company has a market cap of $19.579 billion and a price-to-earnings ratio of 24.52.
Moody's Co. (NYSE:MCO) last posted its quarterly earnings results on Friday, July 25th. The company reported $1.12 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.01 by $0.11. The company had revenue of $873.50 million for the quarter, compared to the consensus estimate of $801.50 million. During the same quarter last year, the company posted $1.00 earnings per share. Moody's Co.’s revenue was up 15.5% compared to the same quarter last year. 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 Wednesday, September 10th. Stockholders of record on Wednesday, August 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 1.22%. The ex-dividend date of this dividend is Monday, August 18th.
A number of other firms have also recently commented on MCO. Analysts at Barclays raised their price target on shares of Moody's Co. from $92.00 to $100.00 in a research note on Monday, July 14th. They now have an “overweight” rating on the stock. Separately, analysts at Raymond James downgraded shares of Moody's Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 9th. They now have a $87.00 price target on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Moody's Co. from $97.00 to $102.00 in a research note on Tuesday, July 1st. They now have an “outperform” rating on the stock. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $86.64.
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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