Moody's Co. Given Average Rating of “Buy” by Analysts (NYSE:MCO)
Shares of Moody's Co. (NYSE:MCO) have been given a consensus rating of “Buy” by the eleven analysts that are presently covering the stock, AnalystRatingsNetwork reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $90.33.
In other Moody's Co. news, SVP Blair Worrall unloaded 2,100 shares of the stock on the open market in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $91.50, for a total value of $192,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
MCO has been the subject of a number of recent research reports. Analysts at Goldman Sachs raised their price target on shares of Moody's Co. from $80.00 to $83.00 in a research note on Tuesday, August 5th. Separately, analysts at Benchmark Co. raised their price target on shares of Moody's Co. from $81.00 to $96.00 in a research note on Tuesday, July 29th. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Moody's Co. in a research note on Monday, July 28th. They now have a $104.00 price target on the stock, up previously from $100.00.
Shares of Moody's Co. (NYSE:MCO) traded up 0.34% during mid-day trading on Monday, hitting $92.205. The stock had a trading volume of 212,541 shares. Moody's Co. has a 1-year low of $62.95 and a 1-year high of $95.00. The stock’s 50-day moving average is $89.89 and its 200-day moving average is $83.7. The company has a market cap of $19.474 billion and a P/E ratio of 21.70.
Moody's Co. (NYSE:MCO) last released its earnings data on Friday, July 25th. The company reported $1.12 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $1.00 earnings per share. The company’s quarterly revenue was up 15.5% on a year-over-year basis. On average, analysts predict that Moody's Co. will post $4.01 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Shareholders 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 is Monday, August 18th.
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.