Moody’s Corporation (NYSE:MCO)‘s stock had its “neutral” rating restated by investment analysts at Credit Suisse Group in a research report issued to clients and investors on Wednesday, The Fly reports. They presently have a $137.00 price objective on the business services provider’s stock, up from their previous price objective of $131.00. Credit Suisse Group’s price target indicates a potential upside of 2.98% from the stock’s previous close. The analysts noted that the move was a valuation call.

MCO has been the subject of several other research reports. Barclays PLC lifted their price target 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. UBS AG lifted their price target on shares of Moody’s Corporation from $138.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, August 18th. Zacks Investment Research downgraded shares of Moody’s Corporation from a “buy” rating to a “hold” rating in a research note on Monday, June 19th. BidaskClub downgraded shares of Moody’s Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $128.00 price target (up previously from $116.00) on shares of Moody’s Corporation in a research note on Monday, July 24th. Six investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $135.43.

Shares of Moody’s Corporation (MCO) opened at 133.03 on Wednesday. The company’s 50-day moving average price is $129.17 and its 200 day moving average price is $118.77. The firm has a market cap of $25.41 billion, a PE ratio of 53.45 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 results on Friday, July 21st. The business services provider reported $1.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.18. Moody’s Corporation had a net margin of 12.63% and a negative return on equity of 167.31%. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $968.78 million. During the same quarter in the previous year, the firm posted $1.30 earnings per share. The company’s revenue was up 7.7% on a year-over-year basis. On average, analysts predict that Moody’s Corporation will post $5.60 EPS for the current year.

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In other Moody’s Corporation news, 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 directly owns 292,310 shares of the company’s stock, valued at $37,716,759.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Linda Huber sold 13,698 shares of Moody’s Corporation stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $119.50, for a total transaction of $1,636,911.00. Following the completion of the transaction, the vice president now directly owns 77,836 shares in the company, valued at $9,301,402. The disclosure for this sale can be found here. Insiders sold 134,777 shares of company stock worth $16,802,772 over the last ninety days. Corporate insiders own 1.17% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. purchased a new position in Moody’s Corporation during the first quarter valued at about $101,000. TrimTabs Asset Management LLC raised its position in Moody’s Corporation by 89.6% in the first quarter. TrimTabs Asset Management LLC now owns 965 shares of the business services provider’s stock valued at $108,000 after buying an additional 456 shares in the last quarter. American Beacon Advisors Inc. purchased a new position in Moody’s Corporation during the first quarter valued at about $108,000. State of Alaska Department of Revenue purchased a new position in Moody’s Corporation during the first quarter valued at about $113,000. Finally, Advisory Services Network LLC purchased a new position in Moody’s Corporation during the first quarter valued at about $137,000. 88.78% 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.

The Fly

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

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