Brokerages Set Moody’s Corp. (MCO) Price Target at $107.55
Shares of Moody’s Corp. (NYSE:MCO) have been given an average rating of “Hold” by the eleven research firms that are presently covering the firm. Seven research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $107.55.
MCO has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Moody’s Corp. from a “hold” rating to a “buy” rating and set a $121.00 price target on the stock in a research note on Wednesday, October 5th. Argus increased their price target on shares of Moody’s Corp. from $110.00 to $124.00 and gave the stock a “buy” rating in a research note 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 research note on Friday, August 5th. Cantor Fitzgerald reaffirmed a “hold” rating on shares of Moody’s Corp. in a research note on Friday, August 19th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $112.00 price target (up previously from $104.00) on shares of Moody’s Corp. in a research note on Friday, September 30th.
Moody’s Corp. (NYSE:MCO) opened at 100.56 on Monday. The firm has a market cap of $19.22 billion, a P/E ratio of 21.69 and a beta of 1.36. Moody’s Corp. has a 52 week low of $77.76 and a 52 week high of $110.83. The company’s 50 day moving average is $103.56 and its 200-day moving average is $102.10.
Moody’s Corp. (NYSE:MCO) last announced its earnings results on Friday, October 21st. The company reported $1.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.16. Moody’s Corp. had a net margin of 25.88% and a negative return on equity of 260.34%. The firm had revenue of $917.10 million for the quarter, compared to analyst estimates of $894.05 million. During the same quarter last year, the business earned $1.11 earnings per share. Moody’s Corp.’s revenue was up 9.8% compared to the same quarter last year. Equities analysts expect that Moody’s Corp. will post $4.71 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Monday, November 21st will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.47%. The ex-dividend date is Thursday, November 17th. Moody’s Corp.’s dividend payout ratio (DPR) is 31.97%.
In other Moody’s Corp. news, insider Robert Fauber sold 3,310 shares of the firm’s stock in a transaction on Wednesday, August 31st. The shares were sold at an average price of $107.90, for a total transaction of $357,149.00. Following the completion of the transaction, the insider now directly owns 41,823 shares of the company’s stock, valued at approximately $4,512,701.70. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Lisa Westlake sold 730 shares of the firm’s stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $107.50, for a total transaction of $78,475.00. Following the transaction, the senior vice president now directly owns 24,265 shares of the company’s stock, valued at $2,608,487.50. 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 company. Aberdeen Asset Management PLC UK raised its position in shares of Moody’s Corp. by 8.3% in the second quarter. Aberdeen Asset Management PLC UK now owns 343,000 shares of the company’s stock valued at $32,143,000 after buying an additional 26,329 shares in the last quarter. Legal & General Group Plc raised its position in shares of Moody’s Corp. by 0.3% in the first quarter. Legal & General Group Plc now owns 793,284 shares of the company’s stock valued at $76,597,000 after buying an additional 2,219 shares in the last quarter. Emerald Acquisition Ltd. bought a new position in shares of Moody’s Corp. during the second quarter valued at $148,773,000. Eagle Asset Management Inc. bought a new position in shares of Moody’s Corp. during the second quarter valued at $19,117,000. Finally, Oakwood Capital Management LLC CA bought a new position in shares of Moody’s Corp. during the second quarter valued at $4,503,000. 85.84% 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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