A number of firms have modified their ratings and price targets on shares of Moody’s Corporation (NYSE: MCO) recently:

  • 7/17/2017 – Moody’s Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “buy” rating. They now have a $140.00 price target on the stock. According to Zacks, “Shares of Moody’s have outperformed the Zacks categorized Miscellaneous Financial Services industry, in the last three months. Also, earnings estimates have been going up ahead of its second quarter results. The company remains well positioned for growth on the back of its dominant position in the credit rating industry, diverse revenue base and disintermediation of credit markets. While stricter regulatory landscapes, mounting expenses, stiff competition across the credit rating industry and litigations issues remain major near-term concerns, the company's inorganic growth strategy and resultant synergies should lead to enhanced profitability and exposure to newer avenues for top line growth.”
  • 7/14/2017 – Moody’s Corporation had its price target raised by analysts at BMO Capital Markets from $124.00 to $127.00. They now have a “market perform” rating on the stock.
  • 7/11/2017 – Moody’s Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of Moody’s have underperformed the Zacks categorized Miscellaneous Financial Services industry, in the last one year. While we are optimistic about the company’s prospects given its diverse operations, strong balance sheet position and dominant position in the credit rating industry, the uncertain macro environment is expected to adversely impact the volume of debt securities issued in globally and the demand for credit ratings. Also, stricter regulatory landscapes, mounting expenses, stiff competition across the credit rating industry and litigations issues remain other major near-term concerns.”
  • 6/30/2017 – Moody’s Corporation was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 6/28/2017 – Moody’s Corporation had its price target raised by analysts at Barclays PLC from $118.00 to $128.00. They now have an “equal weight” rating on the stock.
  • 6/22/2017 – Moody’s Corporation was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/19/2017 – Moody’s Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Moody’s have significantly outperformed the Zacks categorized Miscellaneous Financial Services industry, in the last six months. We are optimistic about the company’s prospects given its diverse operations and dominant position in the credit rating industry. Notably for 2017, the company projects adjusted earnings to be near the upper end of the range of $5.15 to $5.30. Also, given its strong balance sheet position, the company is well poised to grow through strategic acquisitions. However, a stricter regulatory landscape and litigations issues remain major near-term concerns. Also, stiff competition across the credit rating industry makes us apprehensive.”

Shares of Moody’s Corporation (MCO) opened at 125.37 on Tuesday. The stock has a 50 day moving average of $117.94 and a 200 day moving average of $110.49. The firm has a market cap of $23.98 billion, a PE ratio of 57.04 and a beta of 1.29. Moody’s Corporation has a 1-year low of $93.51 and a 1-year high of $125.59.

Moody’s Corporation (NYSE:MCO) last released its quarterly earnings results on Friday, May 5th. The business services provider reported $1.47 EPS for the quarter, topping the consensus estimate of $1.24 by $0.23. The business had revenue of $975.20 million during the quarter, compared to analyst estimates of $914.27 million. Moody’s Corporation had a net margin of 11.37% and a negative return on equity of 167.79%. The company’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 earnings per share. Equities research analysts anticipate that Moody’s Corporation will post $5.33 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Tuesday, August 22nd will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, August 18th. This represents a $1.52 annualized dividend and a dividend yield of 1.21%. Moody’s Corporation’s dividend payout ratio is currently 70.05%.

In related news, insider Raymond W. Mcdaniel sold 61,667 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $113.35, for a total value of $6,989,954.45. Following the completion of the sale, the insider now owns 308,761 shares of the company’s stock, valued at $34,998,059.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Raymond W. Mcdaniel sold 61,666 shares of the company’s stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $123.23, for a total transaction of $7,599,101.18. Following the completion of the sale, the insider now directly owns 308,760 shares of the company’s stock, valued at approximately $38,048,494.80. The disclosure for this sale can be found here. Insiders have sold 212,612 shares of company stock valued at $25,104,433 in the last 90 days. Insiders own 1.17% of the company’s stock.

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 research and analytical services to financial institution customers.

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