Moody's Co. (NYSE:MCO) has received a consensus rating of “Hold” from the fourteen research firms that are currently covering the stock, Marketbeat reports. Eight investment 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 company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $161.42.
Several equities analysts have weighed in on MCO shares. Argus lifted their target price on Moody's to $165.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. Nomura started coverage on Moody's in a research note on Thursday, January 11th. They set a “buy” rating and a $180.00 target price on the stock. Stifel Nicolaus started coverage on Moody's in a research note on Tuesday, December 19th. They set a “hold” rating and a $167.00 target price on the stock. Cantor Fitzgerald reaffirmed a “hold” rating and set a $148.00 target price on shares of Moody's in a research note on Wednesday, November 29th. Finally, Wells Fargo & Co set a $160.00 target price on Moody's and gave the company a “market perform” rating in a research note on Monday.
In other news, Director Ewald Kist sold 4,000 shares of Moody'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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Darrell Duffie sold 500 shares of Moody'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. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,005 shares of company stock valued at $716,738. 1.17% of the stock is owned by corporate insiders.
Shares of Moody's (NYSE:MCO) traded up $2.32 on Tuesday, reaching $161.60. The company had a trading volume of 753,973 shares, compared to its average volume of 876,679. The stock has a market cap of $29,551.71, a PE ratio of 31.38, a P/E/G 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 current ratio of 1.25 and a quick ratio of 1.15.
Moody's (NYSE:MCO) last issued its quarterly earnings results on Friday, February 9th. The business services provider reported $1.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.06. Moody's had a negative return on equity of 319.45% and a net margin of 23.80%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the business posted $1.23 EPS. Moody's’s revenue was up 23.7% on a year-over-year basis. equities analysts anticipate that Moody's will post 7.75 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Tuesday, February 20th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.09%. This is a positive change from Moody's’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, February 16th. Moody's’s payout ratio is currently 29.51%.
TRADEMARK VIOLATION WARNING: “Moody's Co. (MCO) Receives Consensus Recommendation of “Hold” from Brokerages” was first published by American Banking News and is the property of of American Banking News. If you are accessing this article on another domain, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The correct version of this article can be read at https://www.americanbankingnews.com/2018/02/13/moodys-co-mco-receives-consensus-recommendation-of-hold-from-brokerages.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.
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.