Moody’s Corp. (MCO) PT Set at $105.00 by Cantor Fitzgerald
Moody’s Corp. (NYSE:MCO) received a $105.00 target price from stock analysts at Cantor Fitzgerald in a research report issued to clients and investors on Thursday. The firm currently has a a “hold” rating on the stock. Cantor Fitzgerald’s target price indicates a potential downside of 3.03% from the stock’s current price.
A number of other equities research analysts have also issued reports on MCO. Barclays PLC reduced their price target on Moody’s Corp. from $120.00 to $95.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 23rd. Argus increased their price target on Moody’s Corp. from $110.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, August 17th. Credit Suisse Group AG assumed coverage on Moody’s Corp. in a research report on Monday, July 11th. They issued a “neutral” rating and a $99.00 price target on the stock. Zacks Investment Research raised Moody’s Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, June 2nd. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $114.00 price target on shares of Moody’s Corp. in a research report on Tuesday, July 19th. Eight analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $108.23.
Shares of Moody’s Corp. (NYSE:MCO) opened at 108.28 on Thursday. The company’s 50 day moving average price is $107.50 and its 200-day moving average price is $100.40. The firm has a market cap of $20.82 billion, a P/E ratio of 24.18 and a beta of 1.26. Moody’s Corp. has a 12-month low of $77.76 and a 12-month high of $110.83.
Moody’s Corp. (NYSE:MCO) last posted its earnings results on Friday, July 22nd. The company reported $1.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.03. Moody’s Corp. had a negative return on equity of 273.01% and a net margin of 25.81%. The firm had revenue of $928.90 million for the quarter, compared to analyst estimates of $909.08 million. During the same quarter in the prior year, the company earned $1.28 EPS. Moody’s Corp.’s revenue was up 1.2% on a year-over-year basis. On average, equities research analysts anticipate that Moody’s Corp. will post $4.61 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Monday, August 22nd were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $1.48 dividend on an annualized basis and a yield of 1.37%. Moody’s Corp.’s dividend payout ratio is presently 33.18%.
In other Moody’s Corp. news, insider Raymond W. Mcdaniel sold 7,000 shares of Moody’s Corp. stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $108.11, for a total value of $756,770.00. Following the transaction, the insider now directly owns 227,762 shares in the company, valued at approximately $24,623,349.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Linda Huber sold 182,595 shares of Moody’s Corp. stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $110.13, for a total value of $20,109,187.35. Following the completion of the transaction, the vice president now owns 63,637 shares in the company, valued at $7,008,342.81. The disclosure for this sale can be found here. Corporate insiders own 1.48% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. NN Investment Partners Holdings N.V. bought a new position in shares of Moody’s Corp. during the first quarter valued at $103,000. Ropes Wealth Advisors LLC increased its position in shares of Moody’s Corp. by 614.2% in the second quarter. Ropes Wealth Advisors LLC now owns 1,407 shares of the company’s stock valued at $132,000 after buying an additional 1,210 shares during the period. FNY Managed Accounts LLC bought a new position in shares of Moody’s Corp. during the second quarter valued at $190,000. Pinkerton Retirement Specialists LLC bought a new position in shares of Moody’s Corp. during the second quarter valued at $196,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Moody’s Corp. during the second quarter valued at $208,000. Institutional investors own 86.91% of the company’s stock.
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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