Moody's (MCO) Given New $180.00 Price Target at Barclays

Moody's (NYSE:MCO) had its target price increased by research analysts at Barclays from $175.00 to $180.00 in a report released on Monday. The firm currently has an “overweight” rating on the business services provider’s stock. Barclays’ price target would indicate a potential upside of 12.63% from the company’s previous close.

Several other analysts have also issued reports on MCO. Cantor Fitzgerald upped their target price on shares of Moody's from $148.00 to $155.00 and gave the stock a “neutral” rating in a research note on Monday. Credit Suisse Group reiterated a “neutral” rating and issued a $187.00 target price (up previously from $161.00) on shares of Moody's in a research note on Monday. Wells Fargo & Co set a $160.00 target price on shares of Moody's and gave the stock a “market perform” rating in a research note on Monday. BMO Capital Markets upped their target price on shares of Moody's from $159.00 to $161.00 and gave the stock a “market perform” rating in a research note on Friday. Finally, Argus increased their price target on shares of Moody's to $165.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. Eight equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $161.42.

Moody's (NYSE:MCO) traded up $5.18 on Monday, reaching $159.82. 795,602 shares of the company’s stock traded hands, compared to its average volume of 862,926. 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. The firm has a market capitalization of $29,551.71, a P/E ratio of 31.20, a price-to-earnings-growth ratio of 1.81 and a beta of 1.36.

Moody's (NYSE:MCO) last posted its earnings results on Friday, February 9th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm 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 business posted $1.23 EPS. The business’s revenue was up 23.7% compared to the same quarter last year. analysts forecast that Moody's will post 7.75 earnings per share for the current year.

In other Moody's news, Director Ewald Kist sold 4,000 shares of the 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Darrell Duffie sold 500 shares of the stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $147.93, for a total transaction of $73,965.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,005 shares of company stock valued at $716,738. 1.17% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the business. Stifel Financial Corp boosted its position in Moody's by 1.8% during the second quarter. Stifel Financial Corp now owns 14,405 shares of the business services provider’s stock worth $1,746,000 after purchasing an additional 249 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in Moody's by 5.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 6,948 shares of the business services provider’s stock worth $1,026,000 after purchasing an additional 340 shares during the period. First Allied Advisory Services Inc. boosted its position in Moody's by 12.1% during the fourth quarter. First Allied Advisory Services Inc. now owns 3,407 shares of the business services provider’s stock worth $503,000 after purchasing an additional 368 shares during the period. Pacer Advisors Inc. boosted its position in Moody's by 10.3% during the third quarter. Pacer Advisors Inc. now owns 4,169 shares of the business services provider’s stock worth $580,000 after purchasing an additional 390 shares during the period. Finally, First Business Financial Services Inc. boosted its position in Moody's by 9.2% during the third quarter. First Business Financial Services Inc. now owns 4,973 shares of the business services provider’s stock worth $692,000 after purchasing an additional 418 shares during the period. Hedge funds and other institutional investors own 87.31% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Moody's (MCO) Given New $180.00 Price Target at Barclays” was reported by American Banking News and is the property of of American Banking News. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international copyright law. The original version of this news story can be accessed at https://www.americanbankingnews.com/2018/02/12/moodys-mco-given-new-180-00-price-target-at-barclays.html.

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)

Receive News & Ratings for Moody's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moody's and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply