Moody’s Corp. (MCO) Rating Reiterated by BMO Capital Markets
Moody’s Corp. (NYSE:MCO)‘s stock had its “market perform” rating reissued by investment analysts at BMO Capital Markets in a research report issued on Friday. They currently have a $112.00 price objective on the stock, up from their previous price objective of $104.00. BMO Capital Markets’ target price points to a potential upside of 2.49% from the company’s previous close.
Several other analysts have also recently commented on the stock. Cantor Fitzgerald set a $105.00 price target on shares of Moody’s Corp. and gave the stock a “hold” rating in a report on Thursday, September 29th. Barclays PLC raised their price target on shares of Moody’s Corp. from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, September 21st. Argus raised their price target 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 price target on shares of Moody’s Corp. and gave the stock a “buy” rating in a report on Friday, August 5th. Finally, Credit Suisse Group AG started coverage on shares of Moody’s Corp. in a report on Monday, July 11th. They set a “neutral” rating and a $99.00 price target for the company. Eight investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $108.23.
Shares of Moody’s Corp. (NYSE:MCO) opened at 109.28 on Friday. The company’s 50-day moving average is $107.66 and its 200-day moving average is $100.58. The firm has a market capitalization of $21.01 billion, a price-to-earnings ratio of 24.40 and a beta of 1.35. 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 quarterly earnings results on Friday, July 22nd. The company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.27 by $0.03. The business earned $928.90 million during 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 firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company posted $1.28 earnings per share. On average, equities analysts forecast that Moody’s Corp. will post $4.61 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Monday, August 22nd were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend was Thursday, August 18th. Moody’s Corp.’s dividend payout ratio (DPR) is currently 33.18%.
In related news, insider Robert Fauber sold 1,970 shares of the business’s stock in a transaction on Friday, September 30th. The shares were sold at an average price of $108.37, for a total transaction of $213,488.90. Following the transaction, the insider now owns 41,074 shares of the company’s stock, valued at $4,451,189.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Blair Worrall sold 11,054 shares of the business’s stock in a transaction on Friday, August 12th. The stock was sold at an average price of $103.39, for a total transaction of $1,142,873.06. Following the transaction, the senior vice president now directly owns 13,062 shares in the company, valued at approximately $1,350,480.18. The disclosure for this sale can be found here. Corporate insiders own 1.48% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the company. NN Investment Partners Holdings N.V. bought a new position in shares of Moody’s Corp. during the first quarter worth about $103,000. Ropes Wealth Advisors LLC raised 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 worth $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 worth about $190,000. Pinkerton Retirement Specialists LLC bought a new position in shares of Moody’s Corp. during the second quarter worth about $196,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Moody’s Corp. during the second quarter worth about $208,000. 86.91% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Stock 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 stocks with our FREE daily email newsletter.