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.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/moodys-corp-mco-given-new-125-00-price-target-at-barclays-plc.html

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.

5 Day Chart for NYSE:MCO

Stock Target Prices

Receive News & Ratings for Moody's Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moody's Corp. and related companies with MarketBeat.com's FREE daily email newsletter.