Moody’s Corporation (NYSE:MCO) had its target price upped by stock analysts at Barclays PLC from $135.00 to $150.00 in a research note issued to investors on Friday. The brokerage currently has an “equal weight” rating on the business services provider’s stock. Barclays PLC’s price objective would suggest a potential upside of 11.12% from the stock’s previous close.

MCO has been the topic of several other reports. Credit Suisse Group reaffirmed a “neutral” rating and issued a $137.00 target price (up from $131.00) on shares of Moody’s Corporation in a report on Wednesday, August 30th. They noted that the move was a valuation call. BidaskClub raised Moody’s Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, June 30th. UBS AG lifted their target price on Moody’s Corporation from $138.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, August 18th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $131.00 target price (up from $122.00) on shares of Moody’s Corporation in a report on Tuesday, July 25th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $136.00 target price (up from $135.00) on shares of Moody’s Corporation in a report on Wednesday, September 6th. Six investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $138.86.

Moody’s Corporation (MCO) traded up 1.18% during trading on Friday, hitting $136.55. The stock had a trading volume of 471,249 shares. The firm has a market cap of $26.09 billion, a P/E ratio of 54.86 and a beta of 1.30. Moody’s Corporation has a 52-week low of $93.51 and a 52-week high of $136.82. The company has a 50-day moving average of $131.91 and a 200 day moving average of $121.01.

Moody’s Corporation (NYSE:MCO) last issued its earnings results on Friday, July 21st. The business services provider reported $1.51 earnings per share (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 firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $968.78 million. During the same period in the previous year, the firm posted $1.30 earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year. On average, equities research analysts predict that Moody’s Corporation will post $5.63 earnings per share for the current fiscal year.

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In related news, Director Darrell Duffie sold 500 shares of Moody’s Corporation stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $121.64, for a total value of $60,820.00. Following the completion of the transaction, the director now owns 22,268 shares in the company, valued at $2,708,679.52. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Raymond W. Mcdaniel sold 45,216 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $134.16, for a total value of $6,066,178.56. Following the transaction, the insider now owns 292,310 shares of the company’s stock, valued at approximately $39,216,309.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 166,295 shares of company stock valued at $21,232,039. 1.17% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in MCO. BlackRock Inc. boosted its position in shares of Moody’s Corporation by 2,616.3% during 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 period. Harris Associates L P purchased a new position in shares of Moody’s Corporation during the first quarter valued at approximately $378,890,000. Akre Capital Management LLC boosted its position in shares of Moody’s Corporation by 21.9% during the first quarter. Akre Capital Management LLC now owns 5,679,831 shares of the business services provider’s stock valued at $636,368,000 after buying an additional 1,019,167 shares during the period. Fiera Capital Corp boosted its position in shares of 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 valued at $705,010,000 after buying an additional 876,210 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its position in shares of Moody’s Corporation by 250.2% during the second quarter. Parametric Portfolio Associates LLC now owns 1,134,858 shares of the business services provider’s stock valued at $138,090,000 after buying an additional 810,843 shares during the period. Institutional investors and hedge funds own 88.78% 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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