Moody’s Corporation (NYSE:MCO)‘s stock had its “market perform” rating reissued by stock analysts at BMO Capital Markets in a research note issued to investors on Wednesday. They presently have a $136.00 price target on the business services provider’s stock, up from their prior price target of $135.00. BMO Capital Markets’ target price would suggest a potential upside of 1.33% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. Barclays PLC increased their price target on Moody’s Corporation from $118.00 to $128.00 and gave the company an “equal weight” rating in a report on Wednesday, June 28th. Zacks Investment Research raised Moody’s Corporation from a “hold” rating to a “buy” rating and set a $148.00 price target for the company in a report on Thursday, August 17th. UBS AG reaffirmed a “neutral” rating and issued a $138.00 price target (up previously from $121.00) on shares of Moody’s Corporation in a report on Tuesday, July 25th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $128.00 price target (up previously from $116.00) on shares of Moody’s Corporation in a report on Monday, July 24th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $131.00 price target (up previously from $122.00) on shares of Moody’s Corporation in a report on Tuesday, July 25th. Six investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $136.71.

Shares of Moody’s Corporation (MCO) traded down 0.01% during trading on Wednesday, hitting $134.22. The stock had a trading volume of 492,453 shares. The firm has a market cap of $25.64 billion, a price-to-earnings ratio of 53.93 and a beta of 1.30. The firm’s 50-day moving average is $131.17 and its 200 day moving average is $120.16. Moody’s Corporation has a 52-week low of $93.51 and a 52-week 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 EPS for the quarter, beating the 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 firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $968.78 million. During the same quarter last year, the firm earned $1.30 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, analysts expect that Moody’s Corporation will post $5.61 EPS for the current year.

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In other Moody’s Corporation news, VP Linda Huber sold 13,698 shares of the firm’s 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 sale, the vice president now owns 77,836 shares of the company’s stock, valued at $9,301,402. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Raymond W. Mcdaniel sold 45,216 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $129.03, for a total value of $5,834,220.48. Following the sale, the insider now directly owns 292,310 shares of the company’s stock, valued at approximately $37,716,759.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 134,777 shares of company stock valued at $16,802,772. 1.17% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Moody’s Corporation by 2.9% during the second quarter. Vanguard Group Inc. now owns 16,203,350 shares of the business services provider’s stock worth $1,971,623,000 after acquiring an additional 463,669 shares during the last quarter. BlackRock Inc. increased its stake in Moody’s Corporation by 1.7% during the second quarter. BlackRock Inc. now owns 10,350,596 shares of the business services provider’s stock worth $1,259,461,000 after acquiring an additional 169,560 shares during the last quarter. State Street Corp increased its stake in Moody’s Corporation by 2.0% during the first quarter. State Street Corp now owns 7,581,302 shares of the business services provider’s stock worth $849,399,000 after acquiring an additional 148,527 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Moody’s Corporation by 4.3% during 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 acquiring an additional 260,398 shares during the last quarter. Finally, Fiera Capital Corp increased its stake in Moody’s Corporation by 17.8% during the second quarter. Fiera Capital Corp now owns 5,793,968 shares of the business services provider’s stock worth $705,010,000 after acquiring an additional 876,210 shares during the last quarter. 88.78% of the stock is owned by institutional investors.

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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