Moody's Co. Given Average Rating of “Buy” by Brokerages (NYSE:MCO)
Shares of Moody's Co. (NYSE:MCO) have received a consensus recommendation of “Buy” from the eleven ratings firms that are covering the stock, AnalystRatingsNetwork reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $90.33.
In other Moody's Co. news, SVP Blair Worrall sold 2,100 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $91.50, for a total value of $192,150.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Moody's Co. (NYSE:MCO) opened at 92.73 on Monday. 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 $90.26 and a 200-day moving average of $84.16. The company has a market cap of $19.584 billion and a P/E ratio of 21.94.
Moody's Co. (NYSE:MCO) last posted its quarterly earnings results 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. Investors 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 1.21%. The ex-dividend date is Monday, August 18th.
A number of research firms have recently commented on MCO. 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.
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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