Moody’s Corp. (MCO) Receives “Neutral” Rating from Credit Suisse Group AG
Several other research firms have also weighed in on MCO. Morgan Stanley set a $112.00 price objective on Moody’s Corp. and gave the company a buy rating in a research note on Friday, August 5th. Cantor Fitzgerald set a $105.00 price objective on Moody’s Corp. and gave the company a hold rating in a research note on Friday, October 21st. Zacks Investment Research raised Moody’s Corp. from a hold rating to a buy rating and set a $121.00 price objective on the stock in a research note on Wednesday, October 5th. BMO Capital Markets reaffirmed a market perform rating and issued a $112.00 price objective (up from $104.00) on shares of Moody’s Corp. in a research note on Friday, September 30th. Finally, Barclays PLC lifted their price target on Moody’s Corp. from $120.00 to $125.00 and gave the company an overweight rating in a research note on Wednesday, September 21st. Seven research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Hold and an average price target of $108.32.
Shares of Moody’s Corp. (NYSE:MCO) opened at 100.56 on Friday. Moody’s Corp. has a 52 week low of $77.76 and a 52 week high of $110.83. The stock has a 50 day moving average price of $104.83 and a 200-day moving average price of $102.03. The company has a market capitalization of $19.22 billion, a PE ratio of 21.69 and a beta of 1.36.
Moody’s Corp. (NYSE:MCO) last released its quarterly earnings data on Friday, October 21st. The company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.16. The business had revenue of $917.10 million for the quarter, compared to analyst estimates of $894.05 million. Moody’s Corp. had a negative return on equity of 260.34% and a net margin of 25.88%. Moody’s Corp.’s revenue was up 9.8% compared to the same quarter last year. During the same period last year, the firm posted $1.11 earnings per share. Equities research analysts expect that Moody’s Corp. will post $4.71 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Stockholders of record on Monday, November 21st will be given a dividend of $0.37 per share. The ex-dividend date is Thursday, November 17th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.47%. Moody’s Corp.’s dividend payout ratio (DPR) is 31.97%.
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 completion of the sale, the insider now directly owns 227,762 shares in the company, valued at $24,623,349.82. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Robert Fauber sold 3,310 shares of Moody’s Corp. stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $107.90, for a total value of $357,149.00. Following the completion of the sale, the insider now owns 41,823 shares of the company’s stock, valued at $4,512,701.70. The disclosure for this sale can be found here. Insiders own 1.48% of the company’s stock.
A number of large investors have recently modified their holdings of the company. Ropes Wealth Advisors LLC increased its stake 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 last quarter. Smithfield Trust Co. increased its stake in shares of Moody’s Corp. by 57.3% in the third quarter. Smithfield Trust Co. now owns 1,337 shares of the company’s stock worth $145,000 after buying an additional 487 shares during the last quarter. Salem Investment Counselors Inc. acquired a new stake in shares of Moody’s Corp. during the third quarter worth $162,000. Sandy Spring Bank increased its stake in shares of Moody’s Corp. by 5,769.2% in the third quarter. Sandy Spring Bank now owns 1,526 shares of the company’s stock worth $165,000 after buying an additional 1,500 shares during the last quarter. Finally, FNY Managed Accounts LLC acquired a new stake in shares of Moody’s Corp. during the second quarter worth $190,000. Institutional investors and hedge funds own 85.84% of the company’s stock.
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.
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