Moody's (MCO) Earning Somewhat Favorable Press Coverage, Study Shows
Headlines about Moody's (NYSE:MCO) have trended somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Moody's earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned media coverage about the business services provider an impact score of 45.1237359036349 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Accern’s rankings:
- Research: Announcement: Moody’s assigns/maintains negative … – Moodys.com (press release) (moodys.com)
- Moody’s affirms Aa2 rating on South Suburban Park & Recreation District’s (CO) GO Bonds – Moodys.com (press release) (moodys.com)
- Moody’s Places Crown Holdings Ratings under Review for Downgrade; SGL-2 unchanged – Moodys.com (press release) (moodys.com)
- UPDATE: Stifel Starts Moody’s Corp (MCO) at Hold, ‘Solid Company but Valuation Gives Us Pause’ – StreetInsider.com (streetinsider.com)
- UK to avoid sudden break for EU asset managers after Brexit (finance.yahoo.com)
Moody's (NYSE:MCO) traded down $0.99 on Thursday, hitting $147.48. The stock had a trading volume of 504,919 shares, compared to its average volume of 835,663. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of -32.57. The firm has a market cap of $28,693.66, a PE ratio of 26.20, a P/E/G ratio of 2.65 and a beta of 1.36. Moody's has a 1-year low of $93.51 and a 1-year high of $153.86.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st were issued a $0.38 dividend. The ex-dividend date was Monday, November 20th. This represents a $1.52 annualized dividend and a dividend yield of 1.03%. Moody's’s dividend payout ratio is currently 54.29%.
Several brokerages have weighed in on MCO. Stifel Nicolaus began coverage on Moody's in a research note on Tuesday. They issued a “hold” rating and a $167.00 target price on the stock. Piper Jaffray Companies reiterated a “hold” rating and issued a $149.00 target price (up from $140.00) on shares of Moody's in a research note on Wednesday, October 4th. Argus lifted their target price on Moody's to $165.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. Cantor Fitzgerald reissued a “hold” rating and issued a $148.00 price target on shares of Moody's in a report on Monday, November 6th. Finally, BMO Capital Markets raised their price target on Moody's from $143.00 to $146.00 and gave the company a “market perform” rating in a report on Monday, November 6th. Seven investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $153.40.
In related news, Director Ewald Kist sold 4,000 shares of Moody's stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $142.00, for a total transaction of $568,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Darrell Duffie sold 500 shares of Moody's stock in a transaction on Friday, September 29th. The stock was sold at an average price of $138.41, for a total value of $69,205.00. Following the transaction, the director now directly owns 21,804 shares of the company’s stock, valued at $3,017,891.64. The disclosure for this sale can be found here. 1.17% of the stock is owned by company insiders.
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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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