Moody's (MCO) Price Target Raised to $190.00

Moody's (NYSE:MCO) had its target price boosted by equities research analysts at Argus to $190.00 in a report issued on Wednesday, The Fly reports. The firm presently has a “buy” rating on the business services provider’s stock. Argus’ price target points to a potential upside of 17.25% from the company’s previous close. The analysts noted that the move was a valuation call.

A number of other brokerages have also commented on MCO. Barclays boosted their price objective on Moody's from $175.00 to $180.00 and gave the stock an “overweight” rating in a report on Monday. Cantor Fitzgerald boosted their price objective on Moody's from $148.00 to $155.00 and gave the stock a “neutral” rating in a report on Monday. Nomura started coverage on Moody's in a report on Thursday, January 11th. They issued a “buy” rating and a $180.00 target price for the company. Credit Suisse Group reaffirmed a “neutral” rating and issued a $187.00 target price (up from $161.00) on shares of Moody's in a report on Monday. Finally, Wells Fargo & Co set a $160.00 target price on Moody's and gave the company a “market perform” rating in a report on Monday. 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 company’s stock. Moody's presently has a consensus rating of “Hold” and an average target price of $163.50.

Shares of Moody's (MCO) traded up $0.45 on Wednesday, reaching $162.05. The company’s stock had a trading volume of 272,512 shares, compared to its average volume of 850,168. The company has a debt-to-equity ratio of -48.22, a current ratio of 1.25 and a quick ratio of 1.15. The company has a market cap of $30,422.48, a price-to-earnings ratio of 31.50, a P/E/G ratio of 2.24 and a beta of 1.36. Moody's has a 1 year low of $109.00 and a 1 year high of $167.23.

Moody's (NYSE:MCO) last issued its quarterly earnings data on Friday, February 9th. The business services provider reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.06. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.07 billion. Moody's had a negative return on equity of 319.45% and a net margin of 23.80%. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.23 EPS. analysts expect that Moody's will post 6.45 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 on 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 can be accessed through the SEC website. Also, Director Darrell Duffie sold 500 shares of the 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,005 shares of company stock valued at $716,738. 1.17% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Quantitative Investment Management LLC grew its holdings in Moody's by 76.4% during the fourth quarter. Quantitative Investment Management LLC now owns 45,500 shares of the business services provider’s stock valued at $6,716,000 after purchasing an additional 19,700 shares during the period. BlueSpruce Investments LP grew its holdings in Moody's by 3.8% during the fourth quarter. BlueSpruce Investments LP now owns 197,825 shares of the business services provider’s stock valued at $29,201,000 after purchasing an additional 7,239 shares during the period. Profund Advisors LLC grew its holdings in Moody's by 36.4% during the fourth quarter. Profund Advisors LLC now owns 5,577 shares of the business services provider’s stock valued at $823,000 after purchasing an additional 1,487 shares during the period. MANA Advisors LLC bought a new position in Moody's during the fourth quarter valued at $516,000. Finally, Renaissance Technologies LLC grew its holdings in Moody's by 136.7% during the fourth quarter. Renaissance Technologies LLC now owns 466,500 shares of the business services provider’s stock valued at $68,860,000 after purchasing an additional 269,400 shares during the period. 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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