Moody’s Corporation (MCO) Receives Average Rating of “Buy” from Analysts
Moody’s Corporation (NYSE:MCO) has been given an average recommendation of “Buy” by the eleven research firms that are covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $151.89.
MCO has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Moody’s from a “hold” rating to a “buy” rating and set a $148.00 price objective for the company in a research report on Thursday, August 17th. Argus boosted their price objective on Moody’s to $165.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. Barclays boosted their price objective on Moody’s from $135.00 to $150.00 and gave the company an “equal weight” rating in a research report on Friday, September 15th. Morgan Stanley restated an “equal weight” rating and issued a $135.00 price objective (up from $134.00) on shares of Moody’s in a research report on Friday, October 6th. Finally, Cantor Fitzgerald restated a “hold” rating and issued a $148.00 price objective on shares of Moody’s in a research report on Monday, November 6th.
In other Moody’s news, Director Darrell Duffie sold 500 shares of the business’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $138.41, for a total transaction of $69,205.00. Following the transaction, the director now owns 21,804 shares of the company’s stock, valued at $3,017,891.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Raymond W. Mcdaniel sold 45,216 shares of the business’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $134.16, for a total value of $6,066,178.56. Following the transaction, the insider now directly owns 292,310 shares in the company, valued at approximately $39,216,309.60. The disclosure for this sale can be found here. Insiders have sold 49,716 shares of company stock valued at $6,703,384 over the last quarter. 1.17% of the stock is owned by company insiders.
Shares of Moody’s (MCO) traded down $1.04 during mid-day trading on Thursday, reaching $149.84. The company had a trading volume of 626,500 shares, compared to its average volume of 839,540. The stock has a market capitalization of $28,833.17, a PE ratio of 26.33, a P/E/G ratio of 2.67 and a beta of 1.35. Moody’s has a 52 week low of $93.51 and a 52 week high of $153.41. The company has a debt-to-equity ratio of -32.57, a quick ratio of 1.15 and a current ratio of 1.15.
Moody’s (NYSE:MCO) last posted its quarterly earnings data on Friday, November 3rd. The business services provider reported $1.52 EPS for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.15. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $992.81 million. Moody’s had a negative return on equity of 187.20% and a net margin of 13.73%. The business’s revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.34 earnings per share. research analysts anticipate that Moody’s will post 5.94 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Monday, November 20th. Moody’s’s payout ratio is 54.29%.
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Moody’s 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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