Moody's Co. (NYSE:MCO) – Equities research analysts at Cantor Fitzgerald issued their FY2019 earnings per share (EPS) estimates for shares of Moody's in a research note issued to investors on Monday. Cantor Fitzgerald analyst J. Foresi expects that the business services provider will earn $8.73 per share for the year. Cantor Fitzgerald currently has a “Neutral” rating and a $155.00 target price on the stock.

A number of other equities analysts also recently commented on MCO. Argus lifted their price objective on Moody's to $190.00 and gave the stock a “buy” rating in a research report on Wednesday. They noted that the move was a valuation call. Barclays lifted their price objective on Moody's from $175.00 to $180.00 and gave the stock an “overweight” rating in a research report on Monday. Credit Suisse Group reiterated a “neutral” rating and set a $187.00 price objective (up previously from $161.00) on shares of Moody's in a research report on Monday. Wells Fargo & Co set a $160.00 price objective on Moody's and gave the stock a “market perform” rating in a research report on Monday. Finally, BMO Capital Markets lifted their price objective on Moody's from $159.00 to $161.00 and gave the stock a “market perform” rating in a research report on Friday, February 9th. Eight analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $163.50.

Shares of Moody's (NYSE:MCO) traded up $1.44 during trading hours on Tuesday, hitting $163.04. The stock had a trading volume of 541,285 shares, compared to its average volume of 862,874. The company has a debt-to-equity ratio of -48.22, a current ratio of 1.25 and a quick ratio of 1.15. The firm has a market capitalization of $30,422.48, a price-to-earnings ratio of 31.50, a PEG ratio of 2.24 and a beta of 1.36. Moody's has a 12-month low of $109.00 and a 12-month high of $167.23.

Moody's (NYSE:MCO) last issued its quarterly earnings results on Friday, February 9th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.06. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.07 billion. Moody's had a negative return on equity of 319.45% and a net margin of 23.80%. The business’s revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.23 earnings per share.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Tuesday, February 20th will be given a $0.44 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.76 dividend on an annualized basis and a yield of 1.08%. This is an increase from Moody's’s previous quarterly dividend of $0.38. Moody's’s payout ratio is currently 29.51%.

In other Moody's 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 value of $568,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Darrell Duffie sold 500 shares of Moody's stock in a transaction on Friday, December 29th. The shares were sold at an average price of $147.93, for a total value of $73,965.00. Following the completion of the sale, the director now owns 21,336 shares in the company, valued at approximately $3,156,234.48. The disclosure for this sale can be found here. Insiders sold 5,005 shares of company stock worth $716,738 in the last 90 days. Company insiders own 1.17% of the company’s stock.

Large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in Moody's by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 360,335 shares of the business services provider’s stock valued at $43,846,000 after purchasing an additional 3,364 shares during the period. Bredin Investment LLC purchased a new stake in Moody's in the fourth quarter valued at $601,000. CAPROCK Group Inc. purchased a new stake in Moody's in the third quarter valued at $336,000. Wells Fargo & Company MN raised its position in Moody's by 15.1% in the third quarter. Wells Fargo & Company MN now owns 383,359 shares of the business services provider’s stock valued at $53,367,000 after purchasing an additional 50,364 shares during the period. Finally, Korea Investment CORP raised its position in Moody's by 10.3% in the third quarter. Korea Investment CORP now owns 102,998 shares of the business services provider’s stock valued at $14,338,000 after purchasing an additional 9,600 shares during the period. Institutional investors own 87.31% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Cantor Fitzgerald Weighs in on Moody's Co.’s FY2019 Earnings (MCO)” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another domain, it was copied illegally and republished in violation of United States & international copyright & trademark law. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2018/02/14/cantor-fitzgerald-weighs-in-on-moodys-co-s-fy2019-earnings-mco.html.

Moody's 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 research and analytical services to financial institution customers.

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