Shares of Moody's Co. (NYSE:MCO) have earned a consensus recommendation of “Buy” from the thirteen brokerages that are presently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $155.82.
A number of analysts have issued reports on the stock. Nomura assumed coverage on shares of Moody's in a report on Thursday, January 11th. They issued a “buy” rating and a $180.00 price target on the stock. Cantor Fitzgerald reiterated a “hold” rating and issued a $148.00 price target on shares of Moody's in a report on Wednesday, November 29th. Stifel Nicolaus assumed coverage on shares of Moody's in a report on Tuesday, December 19th. They issued a “hold” rating and a $167.00 price target on the stock. BMO Capital Markets lifted their price target on shares of Moody's from $143.00 to $146.00 and gave the company a “market perform” rating in a report on Monday, November 6th. Finally, Credit Suisse Group lifted their price target on shares of Moody's from $137.00 to $161.00 and gave the company a “neutral” rating in a report on Monday, November 6th.
In related news, Director Ewald Kist sold 4,000 shares of Moody's stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $142.00, for a total transaction of $568,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Darrell Duffie sold 500 shares of Moody's stock in a transaction dated Saturday, December 29th. The stock was sold at an average price of $147.93, for a total transaction of $73,965.00. Following the transaction, the director now directly owns 21,336 shares of the company’s stock, valued at $3,156,234.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,000 shares of company stock worth $715,930. Insiders own 1.17% of the company’s stock.
Shares of Moody's (MCO) traded up $0.17 during midday trading on Friday, reaching $157.58. 781,200 shares of the company’s stock were exchanged, compared to its average volume of 715,842. The company has a debt-to-equity ratio of -32.57, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market cap of $30,400.00, a P/E ratio of 56.68, a P/E/G ratio of 2.55 and a beta of 1.36. Moody's has a one year low of $98.25 and a one year high of $158.51.
Moody's (NYSE:MCO) last announced its quarterly earnings results on Friday, November 3rd. The business services provider reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.15. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $992.81 million. Moody's had a net margin of 13.73% and a negative return on equity of 187.20%. Moody's’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.34 EPS. equities analysts anticipate that Moody's will post 5.96 earnings per share for the current fiscal year.
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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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