Moody's Co. (MCO) Receives Consensus Recommendation of “Buy” from Analysts

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.

Several hedge funds have recently added to or reduced their stakes in MCO. Parametric Portfolio Associates LLC boosted its stake in shares of Moody's by 250.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,134,858 shares of the business services provider’s stock worth $138,090,000 after purchasing an additional 810,843 shares during the period. Vanguard Group Inc. boosted its stake in shares of Moody's by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 16,203,350 shares of the business services provider’s stock worth $1,971,623,000 after purchasing an additional 463,669 shares during the period. Balyasny Asset Management LLC boosted its stake in shares of Moody's by 3,117.8% during the 2nd quarter. Balyasny Asset Management LLC now owns 311,771 shares of the business services provider’s stock worth $37,936,000 after purchasing an additional 302,082 shares during the period. Harris Associates L P boosted its stake in shares of Moody's by 8.5% during the 2nd quarter. Harris Associates L P now owns 3,670,649 shares of the business services provider’s stock worth $446,645,000 after purchasing an additional 288,906 shares during the period. Finally, Meritage Group LP boosted its stake in shares of Moody's by 22.9% during the 3rd quarter. Meritage Group LP now owns 1,209,041 shares of the business services provider’s stock worth $168,311,000 after purchasing an additional 225,432 shares during the period. 87.33% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Moody's (NYSE:MCO)

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