Moody’s Corporation (NYSE:MCO) Given Consensus Recommendation of “Hold” by Brokerages
Moody’s Corporation (NYSE:MCO) has earned an average recommendation of “Hold” from the ten research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $115.57.
Several equities research analysts have weighed in on MCO shares. Zacks Investment Research raised Moody’s Corporation from a “hold” rating to a “buy” rating and set a $126.00 price target for the company in a report on Tuesday, March 21st. Morgan Stanley raised their price target on Moody’s Corporation from $117.00 to $118.00 and gave the stock an “equal weight” rating in a report on Friday, April 28th. Barclays PLC reissued a “hold” rating and issued a $118.00 price target on shares of Moody’s Corporation in a report on Thursday, April 27th. BMO Capital Markets reaffirmed a “hold” rating and set a $124.00 target price on shares of Moody’s Corporation in a report on Wednesday, April 26th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and set a $116.00 target price on shares of Moody’s Corporation in a report on Monday, May 8th.
Moody’s Corporation (NYSE MCO) traded up 0.34% during midday trading on Monday, hitting $125.10. 403,047 shares of the stock traded hands. The stock’s 50-day moving average price is $117.94 and its 200 day moving average price is $110.49. The company has a market capitalization of $23.93 billion, a price-to-earnings ratio of 56.92 and a beta of 1.29. Moody’s Corporation has a 52 week low of $93.51 and a 52 week high of $125.59.
Moody’s Corporation (NYSE:MCO) last posted its earnings results on Friday, May 5th. The business services provider reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.23. Moody’s Corporation had a negative return on equity of 167.79% and a net margin of 11.37%. The company had revenue of $975.20 million for the quarter, compared to analyst estimates of $914.27 million. During the same quarter in the previous year, the firm earned $0.93 earnings per share. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. On average, equities research analysts predict that Moody’s Corporation will post $5.33 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Tuesday, August 22nd will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Friday, August 18th. Moody’s Corporation’s dividend payout ratio (DPR) is presently 70.05%.
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In related news, insider Raymond W. Mcdaniel sold 61,666 shares of the business’s stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $123.23, for a total transaction of $7,599,101.18. Following the completion of the sale, the insider now directly owns 308,760 shares in the company, valued at $38,048,494.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Raymond W. Mcdaniel sold 61,667 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $113.35, for a total value of $6,989,954.45. Following the sale, the insider now owns 308,761 shares of the company’s stock, valued at $34,998,059.35. The disclosure for this sale can be found here. Insiders sold 212,612 shares of company stock valued at $25,104,433 over the last 90 days. Company insiders own 1.17% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in MCO. Oppenheimer Asset Management Inc. bought a new position in Moody’s Corporation during the first quarter worth $101,000. TrimTabs Asset Management LLC raised its position in Moody’s Corporation by 89.6% in the first quarter. TrimTabs Asset Management LLC now owns 965 shares of the business services provider’s stock worth $108,000 after buying an additional 456 shares during the period. American Beacon Advisors Inc. bought a new position in Moody’s Corporation during the first quarter worth $108,000. State of Alaska Department of Revenue bought a new position in Moody’s Corporation during the first quarter worth $113,000. Finally, Advisory Services Network LLC bought a new position in Moody’s Corporation during the first quarter worth $137,000. 88.64% of the stock is currently owned by institutional investors.
About Moody’s Corporation
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 research and analytical services to financial institution customers.
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