Moody's Co.’s “Overweight” Rating Reaffirmed at Barclays (MCO)
Moody's Co. (NYSE:MCO)‘s stock had its “overweight” rating reiterated by Barclays in a research note issued on Monday. They currently have a $104.00 price objective on the stock, up from their previous price objective of $100.00. Barclays’ price objective indicates a potential upside of 13.51% from the company’s current price.
Shares of Moody's Co. (NYSE:MCO) traded down 0.74% on Monday, hitting $90.94. The stock had a trading volume of 296,584 shares. Moody's Co. has a one year low of $62.95 and a one year high of $95.00. The stock’s 50-day moving average is $88.39 and its 200-day moving average is $81.70. The company has a market cap of $19.206 billion and a price-to-earnings ratio of 21.64.
Moody's Co. (NYSE:MCO) last issued its quarterly earnings data 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. On average, analysts predict that Moody's Co. will post $3.99 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Shareholders of record on Wednesday, August 20th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Monday, August 18th.
A number of other firms have also recently commented on MCO. Analysts at FBR Capital Markets raised their price target on shares of Moody's Co. from $95.00 to $105.00 in a research note on Friday. They now have an “outperform” 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 equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $87.80.
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.