Moody’s Corp. (MCO) Given New $125.00 Price Target at Barclays PLC
Moody’s Corp. (NYSE:MCO) had its price objective upped by investment analysts at Barclays PLC from $120.00 to $125.00 in a note issued to investors on Wednesday, StockTargetPrices.com reports. The firm currently has an “overweight” rating on the stock. Barclays PLC’s price target points to a potential upside of 15.79% from the stock’s previous close.
A number of other analysts have also issued reports on MCO. Zacks Investment Research upgraded shares of Moody’s Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, June 15th. Credit Suisse Group AG assumed coverage on shares of Moody’s Corp. in a research note on Monday, July 11th. They set a “neutral” rating and a $99.00 price target on the stock. Cantor Fitzgerald reiterated a “hold” rating and set a $96.00 price target on shares of Moody’s Corp. in a research note on Friday, July 22nd. Morgan Stanley set a $112.00 price target on shares of Moody’s Corp. and gave the stock a “buy” rating in a research note on Friday, August 5th. Finally, Argus boosted their price objective on Moody’s Corp. from $110.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. Eight equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $106.96.
Moody’s Corp. (NYSE:MCO) opened at 107.95 on Wednesday. The stock has a market capitalization of $20.75 billion, a price-to-earnings ratio of 24.11 and a beta of 1.26. The company has a 50 day moving average of $106.39 and a 200 day moving average of $99.60. Moody’s Corp. has a 12 month low of $77.76 and a 12 month high of $110.83.
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Moody’s Corp. (NYSE:MCO) last issued its quarterly earnings results on Friday, July 22nd. The company reported $1.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.03. The company had revenue of $928.90 million for the quarter, compared to analyst estimates of $909.08 million. Moody’s Corp. had a net margin of 25.81% and a negative return on equity of 273.01%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.28 earnings per share. On average, equities analysts predict that Moody’s Corp. will post $4.57 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Monday, August 22nd were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Thursday, August 18th. Moody’s Corp.’s payout ratio is currently 33.18%.
In other news, Director Darrell Duffie sold 500 shares of the stock in a transaction that occurred on Thursday, June 30th. The stock was sold at an average price of $91.94, for a total value of $45,970.00. Following the completion of the sale, the director now directly owns 22,090 shares of the company’s stock, valued at $2,030,954.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Linda Huber sold 182,595 shares of the stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $110.13, for a total value of $20,109,187.35. Following the completion of the sale, the vice president now directly owns 63,637 shares of the company’s stock, valued at $7,008,342.81. The disclosure for this sale can be found here. 1.48% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the stock. NN Investment Partners Holdings N.V. purchased a new stake in Moody’s Corp. during the first quarter valued at $103,000. Ropes Wealth Advisors LLC boosted its stake in Moody’s Corp. by 614.2% in the second quarter. Ropes Wealth Advisors LLC now owns 1,407 shares of the company’s stock valued at $132,000 after buying an additional 1,210 shares during the period. FNY Managed Accounts LLC bought a new stake in Moody’s Corp. during the second quarter valued at approximately $190,000. Pinkerton Retirement Specialists LLC bought a new stake in Moody’s Corp. during the second quarter valued at approximately $196,000. Finally, First Republic Investment Management Inc. bought a new stake in Moody’s Corp. during the first quarter valued at approximately $209,000. 86.91% of the stock is owned by institutional investors and hedge funds.
Moody’s Corp. Company Profile
Moody’s Corporation (Moody’s) 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 financial institution customers.
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