Moody’s Co. (MCO) Given Average Rating of “Hold” by Brokerages
Shares of Moody’s Co. (NYSE:MCO) have been given a consensus recommendation of “Hold” by the fourteen brokerages that are covering the firm, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $175.09.
MCO has been the subject of several recent analyst reports. Morgan Stanley raised their price target on Moody’s from $168.00 to $172.00 and gave the company an “equal weight” rating in a report on Thursday, April 12th. Wells Fargo & Co raised their price objective on Moody’s from $160.00 to $172.00 and gave the company a “market perform” rating in a research note on Monday, July 30th. Zacks Investment Research downgraded Moody’s from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. Nomura raised their price objective on Moody’s from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, April 25th. Finally, BMO Capital Markets raised their price objective on Moody’s to $179.00 and gave the company a “market perform” rating in a research note on Wednesday, May 30th.
In other Moody’s news, EVP John J. Goggins sold 26,255 shares of the firm’s stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $172.32, for a total transaction of $4,524,261.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Raymond W. Mcdaniel sold 10,000 shares of the firm’s stock in a transaction on Thursday, June 14th. The stock was sold at an average price of $176.16, for a total value of $1,761,600.00. Following the transaction, the insider now directly owns 153,888 shares of the company’s stock, valued at approximately $27,108,910.08. The disclosure for this sale can be found here. Insiders have sold 78,371 shares of company stock valued at $13,566,798 in the last three months. 1.00% of the stock is currently owned by company insiders.
Shares of MCO traded down $0.17 during mid-day trading on Wednesday, hitting $173.08. The company’s stock had a trading volume of 5,249 shares, compared to its average volume of 881,296. The company has a debt-to-equity ratio of 10.72, a current ratio of 1.54 and a quick ratio of 1.54. The stock has a market capitalization of $33.14 billion, a P/E ratio of 28.47, a P/E/G ratio of 1.90 and a beta of 1.13. Moody’s has a 1-year low of $126.28 and a 1-year high of $187.98.
Moody’s (NYSE:MCO) last posted its quarterly earnings results on Friday, July 27th. The business services provider reported $2.04 EPS for the quarter, beating the consensus estimate of $1.88 by $0.16. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Moody’s had a return on equity of 907.23% and a net margin of 24.10%. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period last year, the firm earned $1.54 EPS. research analysts anticipate that Moody’s will post 7.77 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 10th. Shareholders of record on Monday, August 20th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Friday, August 17th. Moody’s’s payout ratio is 29.00%.
Moody’s Company Profile
Moody's Corporation provides credit ratings; and credit, capital markets, and economic related research, data, and analytical tools worldwide. It operates through two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings on various debt obligations and entities that issue such obligations comprising various corporate and governmental obligations, structured finance securities, and commercial paper programs.
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