Moody’s Corporation (NYSE:MCO)‘s stock had its “neutral” rating reaffirmed by UBS AG in a research note issued on Tuesday, www.flashratings.com reports. They presently have a $138.00 price target on the business services provider’s stock, up from their prior price target of $121.00. UBS AG’s price objective points to a potential upside of 3.95% from the stock’s current price.

Other research analysts have also issued research reports about the stock. BidaskClub lowered shares of Moody’s Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Zacks Investment Research raised shares of Moody’s Corporation from a “sell” rating to a “buy” rating and set a $140.00 target price on the stock in a research note on Monday, July 17th. Morgan Stanley raised their target price on shares of Moody’s Corporation from $117.00 to $118.00 and gave the company an “equal weight” rating in a research note on Friday, April 28th. Barclays PLC raised their target price on shares of Moody’s Corporation from $118.00 to $128.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 28th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $116.00 target price on shares of Moody’s Corporation in a research note on Monday, May 8th. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Moody’s Corporation has a consensus rating of “Hold” and a consensus price target of $127.13.

Shares of Moody’s Corporation (NYSE MCO) traded down 0.61% during mid-day trading on Tuesday, hitting $132.75. 1,014,784 shares of the stock were exchanged. The company’s 50-day moving average is $122.22 and its 200-day moving average is $113.97. The firm has a market cap of $25.36 billion, a price-to-earnings ratio of 53.33 and a beta of 1.29. Moody’s Corporation has a 1-year low of $93.51 and a 1-year high of $135.20.

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

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In related news, VP Linda Huber sold 13,698 shares of Moody’s Corporation stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $119.50, for a total transaction of $1,636,911.00. Following the transaction, the vice president now owns 77,836 shares of the company’s stock, valued at approximately $9,301,402. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Darrell Duffie sold 500 shares of Moody’s Corporation stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $121.64, for a total transaction of $60,820.00. Following the transaction, the director now directly owns 22,268 shares in the company, valued at approximately $2,708,679.52. The disclosure for this sale can be found here. Insiders have sold a total of 212,612 shares of company stock worth $25,104,433 in the last three months. 1.17% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in 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 valued at $1,763,474,000 after buying an additional 490,573 shares during the last quarter. BlackRock Inc. raised its position in 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 valued at $1,140,681,000 after buying an additional 9,806,220 shares during the last quarter. State Street Corp raised its position in 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 valued at $849,399,000 after buying an additional 148,527 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in 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 valued at $707,110,000 after buying an additional 260,398 shares during the last quarter. Finally, Baillie Gifford & Co. raised its position in Moody’s Corporation by 7.8% in the fourth quarter. Baillie Gifford & Co. now owns 5,727,056 shares of the business services provider’s stock valued at $574,652,000 after buying an additional 414,190 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

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)

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