BMO Capital Markets reiterated their market perform rating on shares of Moody’s Corp. (NYSE:MCO) in a report released on Friday. They currently have a $112.00 price target on the stock, up from their prior price target of $104.00.
Several other equities analysts also recently commented on the stock. Morgan Stanley reiterated an overweight rating and set a $114.00 price target on shares of Moody’s Corp. in a report on Tuesday, July 19th. Barclays PLC cut their price target on shares of Moody’s Corp. from $120.00 to $95.00 and set an overweight rating on the stock in a report on Tuesday, August 23rd. Cantor Fitzgerald reiterated a hold rating on shares of Moody’s Corp. in a report on Friday, August 19th. Argus upped their price target on shares of Moody’s Corp. from $110.00 to $124.00 and gave the company a buy rating in a report on Wednesday, August 17th. Finally, Zacks Investment Research upgraded shares of Moody’s Corp. from a sell rating to a hold rating in a report on Wednesday, June 8th. Seven 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. The stock presently has an average rating of Buy and an average target price of $109.29.
Moody’s Corp. (NYSE:MCO) opened at 108.49 on Friday. The firm has a market capitalization of $20.86 billion, a P/E ratio of 24.23 and a beta of 1.35. The stock has a 50 day moving average price of $107.88 and a 200-day moving average price of $100.72. Moody’s Corp. has a 52 week low of $77.76 and a 52 week high of $110.83.
Moody’s Corp. (NYSE:MCO) last announced its earnings results on Friday, July 22nd. The company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.03. The firm had revenue of $928.90 million for the quarter, compared to analysts’ expectations of $909.08 million. Moody’s Corp. had a net margin of 25.81% and a negative return on equity of 273.01%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.28 EPS. Analysts anticipate that Moody’s Corp. will post $4.61 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Monday, August 22nd were given a $0.37 dividend. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $1.48 annualized dividend and a dividend yield of 1.36%. Moody’s Corp.’s payout ratio is presently 33.18%.
In related news, SVP Lisa Westlake sold 730 shares of the stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $107.50, for a total transaction of $78,475.00. Following the completion of the sale, the senior vice president now owns 24,265 shares of the company’s stock, valued at $2,608,487.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Blair Worrall sold 11,054 shares of the stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $103.39, for a total transaction of $1,142,873.06. Following the sale, the senior vice president now directly owns 13,062 shares of the company’s stock, valued at approximately $1,350,480.18. The disclosure for this sale can be found here. 1.48% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of MCO. NN Investment Partners Holdings N.V. purchased a new stake in Moody’s Corp. during the first quarter worth approximately $103,000. Ropes Wealth Advisors LLC boosted its position in Moody’s Corp. by 614.2% in the second quarter. Ropes Wealth Advisors LLC now owns 1,407 shares of the company’s stock worth $132,000 after buying an additional 1,210 shares in the last quarter. FNY Managed Accounts LLC bought a new position in Moody’s Corp. during the second quarter worth about $190,000. Pinkerton Retirement Specialists LLC bought a new position in Moody’s Corp. during the second quarter worth about $196,000. Finally, Boltwood Capital Management bought a new position in Moody’s Corp. during the third quarter worth about $200,000. 86.91% of the stock is owned by institutional investors.
About Moody’s Corp.
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 outsourced research and analytical services to financial institution customers.
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