Moody’s Corporation (NYSE:MCO)‘s stock had its “equal weight” rating restated by equities researchers at Barclays PLC in a report issued on Monday. They presently have a $135.00 price target on the business services provider’s stock, up from their previous price target of $128.00. Barclays PLC’s price objective points to a potential upside of 1.07% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $128.00 price objective (up previously from $116.00) on shares of Moody’s Corporation in a report on Monday. Zacks Investment Research raised Moody’s Corporation from a “sell” rating to a “buy” rating and set a $140.00 target price on the stock in a report on Monday, July 17th. BMO Capital Markets upped their target price on Moody’s Corporation from $124.00 to $127.00 and gave the company a “market perform” rating in a report on Friday, July 14th. BidaskClub raised Moody’s Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, June 30th. Finally, Morgan Stanley upped their target price on Moody’s Corporation from $117.00 to $118.00 and gave the company an “equal weight” rating in a report on Friday, April 28th. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $121.00.

Moody’s Corporation (MCO) traded up 0.75% on Monday, hitting $133.57. 1,631,042 shares of the stock were exchanged. Moody’s Corporation has a 52-week low of $93.51 and a 52-week high of $135.20. The firm has a market cap of $25.51 billion, a PE ratio of 53.66 and a beta of 1.29. The stock’s 50 day moving average price is $121.41 and its 200 day moving average price is $113.32.

Moody’s Corporation (NYSE:MCO) last issued its quarterly earnings data on Friday, July 21st. The business services provider reported $1.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.18. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $968.78 million. Moody’s Corporation had a negative return on equity of 167.31% and a net margin of 12.63%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.30 earnings per share. Equities research analysts forecast that Moody’s Corporation will post $5.43 earnings per share for the current year.

WARNING: This piece of content was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/07/24/moodys-corporations-nysemco-equal-weight-rating-reiterated-at-barclays-plc.html.

In other news, insider Raymond W. Mcdaniel sold 61,667 shares of the stock in a transaction dated Wednesday, May 17th. The stock was 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 in the company, valued at $34,998,059.35. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Raymond W. Mcdaniel sold 61,666 shares of the stock in a transaction dated Friday, July 7th. The shares were sold at an average price of $123.23, for a total value of $7,599,101.18. Following the completion of the sale, the insider now 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. In the last quarter, insiders sold 212,612 shares of company stock valued at $25,104,433. Insiders own 1.17% of the company’s stock.

A number of large investors have recently modified their holdings of MCO. Vanguard Group Inc. raised its stake in shares of Moody’s Corporation by 3.2% in the first quarter. Vanguard Group Inc. now owns 15,739,681 shares of the business services provider’s stock worth $1,763,474,000 after buying an additional 490,573 shares during the period. BlackRock Inc. raised its stake in shares of Moody’s Corporation by 2,616.3% in the first quarter. BlackRock Inc. now owns 10,181,036 shares of the business services provider’s stock worth $1,140,681,000 after buying an additional 9,806,220 shares during the period. State Street Corp raised its stake in shares of Moody’s Corporation by 2.0% in the first quarter. State Street Corp now owns 7,581,302 shares of the business services provider’s stock worth $849,399,000 after buying an additional 148,527 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Moody’s Corporation by 4.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 6,311,225 shares of the business services provider’s stock worth $707,110,000 after buying an additional 260,398 shares during the period. Finally, Akre Capital Management LLC raised its stake in shares of Moody’s Corporation by 21.9% in the first quarter. Akre Capital Management LLC now owns 5,679,831 shares of the business services provider’s stock worth $636,368,000 after buying an additional 1,019,167 shares during the period. Hedge funds and other institutional investors own 88.67% of the company’s stock.

About Moody’s Corporation

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.

Analyst Recommendations for Moody`s Corporation (NYSE:MCO)

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