Moody’s Corp. (NYSE:MCO) has been assigned an average recommendation of “Hold” from the twelve brokerages that are currently covering the company. Eight investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $108.23.
Several research analysts have recently issued reports on MCO shares. Argus raised their target price on shares of Moody’s Corp. from $110.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. Morgan Stanley set a $112.00 target price on shares of Moody’s Corp. and gave the stock a “buy” rating in a report on Friday, August 5th. Zacks Investment Research upgraded shares of Moody’s Corp. from a “hold” rating to a “buy” rating and set a $121.00 target price on the stock in a report on Wednesday, October 5th. Cantor Fitzgerald restated a “hold” rating and issued a $96.00 target price on shares of Moody’s Corp. in a report on Friday, July 22nd. Finally, BMO Capital Markets restated a “market perform” rating and issued a $112.00 target price (up previously from $104.00) on shares of Moody’s Corp. in a report on Friday, September 30th.
In other news, SVP Lisa Westlake sold 1,095 shares of Moody’s Corp. stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $108.37, for a total value of $118,665.15. Following the completion of the transaction, the senior vice president now owns 23,170 shares of the company’s stock, valued at approximately $2,510,932.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Linda Huber sold 44,500 shares of Moody’s Corp. stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $105.00, for a total value of $4,672,500.00. Following the completion of the transaction, the vice president now directly owns 101,059 shares of the company’s stock, valued at approximately $10,611,195. The disclosure for this sale can be found here. Insiders own 1.48% of the company’s stock.
Several institutional investors have recently bought and sold shares of MCO. Boltwood Capital Management bought a new position in Moody’s Corp. during the third quarter valued at about $200,000. Macquarie Group Ltd. raised its position in shares of Moody’s Corp. by 23.4% in the second quarter. Macquarie Group Ltd. now owns 185,803 shares of the company’s stock worth $17,411,000 after buying an additional 35,229 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Moody’s Corp. during the second quarter worth $640,000. Kentucky Retirement Systems acquired a new position in shares of Moody’s Corp. during the second quarter worth $1,347,000. Finally, Mason Street Advisors LLC acquired a new position in shares of Moody’s Corp. during the second quarter worth $2,134,000. 86.91% of the stock is owned by hedge funds and other institutional investors.
Moody’s Corp. (NYSE:MCO) traded up 1.16% during midday trading on Monday, hitting $109.52. 241,120 shares of the stock were exchanged. The company’s 50 day moving average is $108.13 and its 200-day moving average is $100.86. The stock has a market cap of $21.06 billion, a PE ratio of 24.46 and a beta of 1.35. Moody’s Corp. has a 1-year low of $77.76 and a 1-year high of $110.83.
Moody’s Corp. (NYSE:MCO) last issued its earnings results on Friday, July 22nd. The company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.03. Moody’s Corp. had a net margin of 25.81% and a negative return on equity of 273.01%. The firm had revenue of $928.90 million for the quarter, compared to analysts’ expectations of $909.08 million. During the same quarter last year, the business earned $1.28 earnings per share. The business’s revenue was up 1.2% on a year-over-year basis. On average, analysts expect that Moody’s Corp. will post $4.63 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Monday, August 22nd were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Thursday, August 18th. Moody’s Corp.’s dividend payout ratio (DPR) is presently 33.18%.
Moody’s Corp. 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 outsourced research and analytical services to financial institution customers.
Receive News & Ratings for Moody's Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moody's Corp. and related companies with MarketBeat.com's FREE daily email newsletter.