Moody’s Corporation (MCO) Given Average Rating of “Hold” by Analysts
Shares of Moody’s Corporation (NYSE:MCO) have been assigned an average recommendation of “Hold” from the ten ratings firms that are covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $140.63.
Several equities analysts have recently issued reports on MCO shares. Credit Suisse Group restated a “neutral” rating and set a $137.00 price objective (up previously 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. BMO Capital Markets restated a “market perform” rating and set a $136.00 price objective (up previously from $135.00) on shares of Moody’s Corporation in a report on Wednesday, September 6th. Barclays PLC upped their price objective on shares of Moody’s Corporation from $135.00 to $150.00 and gave the company an “equal weight” rating in a report on Friday, September 15th. Morgan Stanley restated an “equal weight” rating and set a $131.00 price objective (up previously from $122.00) on shares of Moody’s Corporation in a report on Tuesday, July 25th. Finally, UBS AG restated a “neutral” rating and set a $138.00 price objective (up previously from $121.00) on shares of Moody’s Corporation in a report on Tuesday, July 25th.
In related news, Director Darrell Duffie sold 500 shares of the stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $138.41, for a total value of $69,205.00. Following the transaction, the director now owns 21,804 shares in the company, valued at approximately $3,017,891.64. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Raymond W. Mcdaniel sold 45,216 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $129.03, for a total transaction of $5,834,220.48. Following the completion of the transaction, the insider now owns 292,310 shares in the company, valued at approximately $37,716,759.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,932 shares of company stock worth $11,969,604. 1.17% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of the stock. Pensionfund Sabic acquired a new position in Moody’s Corporation in the 3rd quarter worth approximately $2,005,000. Pensionfund DSM Netherlands purchased a new stake in Moody’s Corporation in the 3rd quarter worth approximately $3,619,000. Curbstone Financial Management Corp boosted its position in Moody’s Corporation by 90.9% in the 3rd quarter. Curbstone Financial Management Corp now owns 4,200 shares of the business services provider’s stock worth $585,000 after purchasing an additional 2,000 shares in the last quarter. Lord Abbett & CO. LLC boosted its position in Moody’s Corporation by 20.3% in the 2nd quarter. Lord Abbett & CO. LLC now owns 86,852 shares of the business services provider’s stock worth $10,568,000 after purchasing an additional 14,678 shares in the last quarter. Finally, Toronto Dominion Bank boosted its position in Moody’s Corporation by 25.8% in the 2nd quarter. Toronto Dominion Bank now owns 56,446 shares of the business services provider’s stock worth $6,867,000 after purchasing an additional 11,585 shares in the last quarter. Institutional investors own 88.75% of the company’s stock.
Shares of Moody’s Corporation (MCO) traded up 0.29% during mid-day trading on Wednesday, hitting $142.55. 537,162 shares of the stock were exchanged. The stock’s 50 day moving average is $136.65 and its 200-day moving average is $124.65. Moody’s Corporation has a 12 month low of $93.51 and a 12 month high of $143.98. The stock has a market cap of $27.23 billion, a PE ratio of 57.27 and a beta of 1.28.
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 (EPS) 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 for the quarter, compared to the consensus estimate of $968.78 million. During the same quarter in the prior year, the company posted $1.30 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, analysts anticipate that Moody’s Corporation will post $5.71 EPS for the current year.
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.
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