Cantor Fitzgerald reaffirmed their neutral rating on shares of Moody’s Corporation (NYSE:MCO) in a report released on Monday, July 24th. They currently have a $128.00 price objective on the business services provider’s stock, up from their previous price objective of $116.00. Cantor Fitzgerald also issued estimates for Moody’s Corporation’s FY2017 earnings at $5.48 EPS and FY2018 earnings at $5.83 EPS.

A number of other research firms have also recently weighed in on MCO. BidaskClub cut Moody’s Corporation from a strong-buy rating to a buy rating in a report on Thursday, June 22nd. Zacks Investment Research upgraded Moody’s Corporation from a sell rating to a buy rating and set a $140.00 price target for the company in a report on Monday, July 17th. Morgan Stanley increased their price target on Moody’s Corporation from $118.00 to $121.00 and gave the stock an equal weight rating in a report on Monday, May 8th. Barclays PLC raised their target price on Moody’s Corporation from $118.00 to $128.00 and gave the company an equal weight rating in a report on Wednesday, June 28th. Finally, BMO Capital Markets restated a hold rating and set a $124.00 target price on shares of Moody’s Corporation in a report on Wednesday, April 26th. Six analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Hold and an average target price of $129.29.

Shares of Moody’s Corporation (MCO) traded up 0.50% during mid-day trading on Monday, reaching $130.49. 1,479,131 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $128.00 and its 200-day moving average price is $117.80. Moody’s Corporation has a 12-month low of $93.51 and a 12-month high of $135.20. The stock has a market cap of $24.93 billion, a price-to-earnings ratio of 52.43 and a beta of 1.29.

Moody’s Corporation (NYSE:MCO) last issued its earnings results on Friday, July 21st. The business services provider reported $1.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.18. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $968.78 million. Moody’s Corporation had a negative return on equity of 167.31% and a net margin of 12.63%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.30 EPS. Equities research analysts forecast that Moody’s Corporation will post $5.53 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Moody’s Corporation (NYSE:MCO) Given “Neutral” Rating at Cantor Fitzgerald” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://www.thecerbatgem.com/2017/08/19/moodys-corporation-nysemco-given-neutral-rating-at-cantor-fitzgerald-updated-updated-updated.html.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Tuesday, August 22nd will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Friday, August 18th. Moody’s Corporation’s dividend payout ratio (DPR) is presently 61.29%.

In other Moody’s Corporation news, Director Darrell Duffie sold 500 shares of Moody’s Corporation stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $121.64, for a total transaction of $60,820.00. Following the transaction, the director now owns 22,268 shares of the company’s stock, valued at $2,708,679.52. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP John J. Goggins sold 50,000 shares of Moody’s Corporation stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $116.79, for a total value of $5,839,500.00. Following the transaction, the executive vice president now directly owns 106,221 shares in the company, valued at approximately $12,405,550.59. The disclosure for this sale can be found here. Insiders have sold a total of 184,777 shares of company stock worth $22,642,272 in the last three months. Corporate insiders own 1.17% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BLS Capital Fondsmaeglerselskab A S bought a new position in shares of Moody’s Corporation during the fourth quarter valued at $23,947,000. AQR Capital Management LLC increased its position in shares of Moody’s Corporation by 1.0% in the fourth quarter. AQR Capital Management LLC now owns 10,089 shares of the business services provider’s stock valued at $951,000 after buying an additional 96 shares during the period. Thrivent Financial for Lutherans increased its position in shares of Moody’s Corporation by 5.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 5,780 shares of the business services provider’s stock valued at $545,000 after buying an additional 310 shares during the period. Quadrature Capital Ltd increased its position in shares of Moody’s Corporation by 965.6% in the fourth quarter. Quadrature Capital Ltd now owns 84,180 shares of the business services provider’s stock valued at $7,937,000 after buying an additional 76,280 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Moody’s Corporation by 0.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 187,129 shares of the business services provider’s stock valued at $17,641,000 after buying an additional 900 shares during the period. Institutional investors own 88.46% of the company’s stock.

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.

Analyst Recommendations for Moody`s Corporation (NYSE:MCO)

Receive News & Stock Ratings for Moody's Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moody's Corporation and related stocks with our FREE daily email newsletter.