Moody's (NYSE:MCO) had its target price boosted by investment analysts at Cantor Fitzgerald from $148.00 to $155.00 in a report released on Monday. The brokerage currently has a “neutral” rating on the business services provider’s stock. Cantor Fitzgerald’s target price points to a potential downside of 3.22% from the company’s current price.
MCO has been the subject of several other reports. Nomura initiated coverage on shares of Moody's in a research note on Thursday, January 11th. They issued a “buy” rating and a $180.00 target price for the company. Stifel Nicolaus initiated coverage on shares of Moody's in a research note on Tuesday, December 19th. They issued a “hold” rating and a $167.00 target price for the company. Credit Suisse Group raised their target price on shares of Moody's from $137.00 to $161.00 and gave the company a “neutral” rating in a research note on Monday, November 6th. UBS Group raised their target price on shares of Moody's from $142.00 to $150.00 and gave the company a “neutral” rating in a research note on Monday, November 6th. Finally, Argus raised their target price on shares of Moody's to $165.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. Eight analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $160.17.
Shares of Moody's (MCO) traded up $5.51 on Monday, reaching $160.15. 477,718 shares of the company’s stock traded hands, compared to its average volume of 852,065. The firm has a market capitalization of $29,551.71, a P/E ratio of 31.14, a price-to-earnings-growth ratio of 1.81 and a beta of 1.36. Moody's has a 52 week low of $108.12 and a 52 week high of $167.23. The company has a current ratio of 1.25, a quick ratio of 1.15 and a debt-to-equity ratio of -48.22.
In other Moody's news, Director Darrell Duffie sold 500 shares of the firm’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $147.93, for a total value of $73,965.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ewald Kist sold 4,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $142.00, for a total transaction of $568,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,005 shares of company stock valued at $716,738. Corporate insiders own 1.17% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of MCO. Valeo Financial Advisors LLC raised its holdings in shares of Moody's by 2,358.6% during the fourth 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 during the last quarter. Grove Bank & Trust raised its holdings in shares of Moody's by 156.7% during the third quarter. Grove Bank & Trust now owns 901 shares of the business services provider’s stock worth $125,000 after purchasing an additional 550 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of Moody's during the fourth quarter worth $192,000. Invictus RG purchased a new position in shares of Moody's during the third quarter worth $199,000. Finally, BTR Capital Management Inc. purchased a new position in shares of Moody's during the fourth quarter worth $202,000. 87.31% of the stock is owned by institutional investors and hedge funds.
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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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