Moody’s Corporation (NYSE:MCO) had its price objective lifted by analysts at UBS AG from $138.00 to $142.00 in a research note issued to investors on Friday, 99wallstreet.com reports. The firm presently has a “neutral” rating on the business services provider’s stock. UBS AG’s price target would indicate a potential upside of 9.05% from the company’s previous close.

Several other brokerages have also commented on MCO. Morgan Stanley lifted their price objective on Moody’s Corporation from $117.00 to $118.00 and gave the stock an “equal weight” rating in a report on Friday, April 28th. BidaskClub raised Moody’s Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, June 30th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $116.00 price objective on shares of Moody’s Corporation in a report on Monday, May 8th. BMO Capital Markets lifted their target price on Moody’s Corporation from $124.00 to $127.00 and gave the company a “market perform” rating in a research report on Friday, July 14th. Finally, Zacks Investment Research upgraded Moody’s Corporation from a “hold” rating to a “buy” rating and set a $148.00 target price on the stock in a research report on Thursday. Six investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $129.29.

Shares of Moody’s Corporation (NYSE MCO) traded up 0.07% on Friday, hitting $129.93. The stock had a trading volume of 277,122 shares. Moody’s Corporation has a 12 month low of $93.51 and a 12 month high of $135.20. The stock has a 50 day moving average of $127.73 and a 200-day moving average of $117.61. The stock has a market cap of $24.82 billion, a PE ratio of 52.20 and a beta of 1.29.

Moody’s Corporation (NYSE:MCO) last issued its quarterly earnings data on Friday, July 21st. The business services provider reported $1.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.18. Moody’s Corporation had a negative return on equity of 167.31% and a net margin of 12.63%. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $968.78 million. During the same quarter in the previous year, the company posted $1.30 earnings per share. Moody’s Corporation’s revenue was up 7.7% compared to the same quarter last year. Equities research analysts anticipate that Moody’s Corporation will post $5.53 EPS for the current year.

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In related news, Director Darrell Duffie sold 500 shares of Moody’s Corporation stock in a transaction 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 $2,708,679.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Raymond W. Mcdaniel sold 45,216 shares of Moody’s Corporation stock in a transaction on Monday, August 7th. The shares were sold at an average price of $129.03, for a total value of $5,834,220.48. Following the transaction, the insider now owns 292,310 shares in the company, valued at $37,716,759.30. The disclosure for this sale can be found here. Insiders have sold 184,777 shares of company stock worth $22,642,272 over the last quarter. 1.17% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in MCO. WINTON GROUP Ltd increased its position in shares of Moody’s Corporation by 31.0% in the second quarter. WINTON GROUP Ltd now owns 40,814 shares of the business services provider’s stock valued at $4,966,000 after buying an additional 9,660 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Moody’s Corporation by 2.5% in the second quarter. Public Employees Retirement System of Ohio now owns 72,875 shares of the business services provider’s stock valued at $8,867,000 after buying an additional 1,760 shares during the last quarter. Colony Group LLC increased its position in shares of Moody’s Corporation by 5.0% in the second quarter. Colony Group LLC now owns 59,431 shares of the business services provider’s stock valued at $7,232,000 after buying an additional 2,833 shares during the last quarter. Nomura Holdings Inc. acquired a new position in shares of Moody’s Corporation during the second quarter valued at approximately $8,759,000. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of Moody’s Corporation by 15.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,764 shares of the business services provider’s stock valued at $823,000 after buying an additional 894 shares during the last quarter. Institutional investors and hedge funds own 88.46% of the company’s stock.

Moody’s Corporation 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 research and analytical services to financial institution customers.

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

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