Moody's (MCO) Given a $160.00 Price Target at Wells Fargo & Co

Moody's (NYSE:MCO) has been assigned a $160.00 price target by investment analysts at Wells Fargo & Co in a note issued to investors on Monday. The brokerage presently has a “market perform” rating on the business services provider’s stock. Wells Fargo & Co’s price target points to a potential downside of 4.04% from the stock’s previous close.

A number of other equities research analysts have also issued reports on MCO. Cantor Fitzgerald reaffirmed a “hold” rating and set a $148.00 target price on shares of Moody's in a report on Monday, November 6th. UBS Group upped their target price on shares of Moody's from $142.00 to $150.00 and gave the stock a “neutral” rating in a report on Monday, November 6th. Credit Suisse Group upped their target price on shares of Moody's from $137.00 to $161.00 and gave the stock a “neutral” rating in a report on Monday, November 6th. BMO Capital Markets upped their target price on shares of Moody's from $143.00 to $146.00 and gave the stock a “market perform” rating in a report on Monday, November 6th. Finally, Argus upped their target price on shares of Moody's to $165.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Eight analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $163.50.

Shares of Moody's (NYSE:MCO) traded up $3.18 during midday trading on Monday, reaching $166.73. 624,304 shares of the company traded hands, compared to its average volume of 882,027. Moody's has a 12 month low of $109.27 and a 12 month high of $167.23. The stock has a market cap of $30,865.60, a price-to-earnings ratio of 31.76, a PEG ratio of 1.96 and a beta of 1.36. 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 released its earnings results on Friday, February 9th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.06. Moody's had a net margin of 23.80% and a negative return on equity of 319.45%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the firm earned $1.23 earnings per share. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. research analysts predict that Moody's will post 7.5 EPS for the current fiscal year.

In related news, Director Darrell Duffie sold 500 shares of the company’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $147.93, for a total value of $73,965.00. Following the completion of the sale, the director now owns 21,336 shares of the company’s stock, valued at $3,156,234.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 1,005 shares of company stock valued at $148,738 in the last three months. 1.17% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in MCO. BlackRock Inc. lifted its position in Moody's by 2.2% in the fourth quarter. BlackRock Inc. now owns 10,557,911 shares of the business services provider’s stock valued at $1,558,454,000 after buying an additional 228,277 shares during the last quarter. Principal Financial Group Inc. lifted its position in Moody's by 0.7% in the third quarter. Principal Financial Group Inc. now owns 5,128,216 shares of the business services provider’s stock valued at $713,898,000 after buying an additional 33,723 shares during the last quarter. Capital International Investors lifted its position in Moody's by 1.0% in the third quarter. Capital International Investors now owns 3,287,478 shares of the business services provider’s stock valued at $457,650,000 after buying an additional 31,978 shares during the last quarter. Deutsche Bank AG lifted its position in Moody's by 1.3% in the fourth quarter. Deutsche Bank AG now owns 2,029,070 shares of the business services provider’s stock valued at $299,502,000 after buying an additional 25,570 shares during the last quarter. Finally, Investec Asset Management LTD lifted its position in Moody's by 2.8% in the third quarter. Investec Asset Management LTD now owns 1,994,294 shares of the business services provider’s stock valued at $277,626,000 after buying an additional 55,053 shares during the last quarter. 87.31% of the stock is owned by hedge funds and other institutional investors.

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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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