Moody's (MCO) Given New $161.00 Price Target at BMO Capital Markets

Moody's (NYSE:MCO) had its target price upped by analysts at BMO Capital Markets from $159.00 to $161.00 in a research report issued on Friday. The brokerage currently has a “market perform” rating on the business services provider’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 3.04% from the company’s previous close.

Several other analysts have also commented on MCO. Argus increased their price objective on Moody's to $165.00 and gave the company a “buy” rating in a report on Thursday, November 9th. Nomura initiated coverage on Moody's in a report on Thursday, January 11th. They set a “buy” rating and a $180.00 price objective for the company. Stifel Nicolaus initiated coverage on Moody's in a report on Tuesday, December 19th. They set a “hold” rating and a $167.00 price objective for the company. Cantor Fitzgerald reiterated a “hold” rating and set a $148.00 price objective on shares of Moody's in a report on Wednesday, November 29th. Finally, Credit Suisse Group increased their price objective on Moody's from $137.00 to $161.00 and gave the company a “neutral” rating in a report on Monday, November 6th. Eight research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $159.58.

Moody's (NYSE:MCO) traded up $1.61 on Friday, hitting $156.25. The stock had a trading volume of 167,115 shares, compared to its average volume of 840,571. The company has a market capitalization of $29,551.71, a PE ratio of 30.03, a price-to-earnings-growth ratio of 1.81 and a beta of 1.36. Moody's has a 1 year low of $108.12 and a 1 year high of $167.23. The company has a debt-to-equity ratio of -48.22, a quick ratio of 1.15 and a current ratio of 1.25.

Moody's (NYSE:MCO) last announced its quarterly earnings data on Friday, February 9th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.06. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Moody's had a negative return on equity of 319.45% and a net margin of 23.80%. Moody's’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.23 earnings per share. sell-side analysts expect that Moody's will post 7.75 EPS for the current year.

In other news, Director Ewald Kist sold 4,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was 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 SEC, which can be accessed through the SEC website. Also, Director Darrell Duffie sold 500 shares of Moody's stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $147.93, for a total value of $73,965.00. The disclosure for this sale can be found here. Insiders have sold a total of 5,005 shares of company stock worth $716,738 over the last ninety days. 1.17% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Valeo Financial Advisors LLC lifted its stake in Moody's by 2,358.6% in the 4th quarter. Valeo Financial Advisors LLC now owns 713 shares of the business services provider’s stock worth $105,000 after purchasing an additional 684 shares in the last quarter. Grove Bank & Trust raised its position in shares of Moody's by 156.7% during the 3rd quarter. Grove Bank & Trust now owns 901 shares of the business services provider’s stock valued at $125,000 after buying an additional 550 shares during the period. Tower Research Capital LLC TRC purchased a new stake in shares of Moody's during the 4th quarter valued at approximately $192,000. Invictus RG purchased a new stake in shares of Moody's during the 3rd quarter valued at approximately $199,000. Finally, BTR Capital Management Inc. purchased a new stake in shares of Moody's during the 4th quarter valued at approximately $202,000. 87.31% of the stock is currently owned by institutional investors and hedge funds.

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About Moody's

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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