Moody’s (NYSE:MCO) Given New $620.00 Price Target at Evercore ISI

Moody’s (NYSE:MCO) had its price objective hoisted by stock analysts at Evercore ISI from $540.00 to $620.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. Evercore ISI’s price objective points to a potential upside of 16.67% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Morgan Stanley set a $520.00 price objective on shares of Moody’s in a research report on Thursday, October 9th. Royal Bank Of Canada restated an “outperform” rating and issued a $550.00 price target on shares of Moody’s in a research note on Thursday, October 9th. BMO Capital Markets lowered their price target on Moody’s from $534.00 to $507.00 and set a “market perform” rating on the stock in a research report on Thursday, October 23rd. Seaport Res Ptn upgraded Moody’s to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, Stifel Nicolaus set a $574.00 target price on Moody’s and gave the stock a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $555.93.

Moody’s Trading Down 0.3%

Moody’s stock opened at $531.43 on Thursday. The firm has a market cap of $94.81 billion, a PE ratio of 42.72, a P/E/G ratio of 2.69 and a beta of 1.45. Moody’s has a 12 month low of $378.71 and a 12 month high of $540.00. The stock’s 50 day simple moving average is $494.13 and its two-hundred day simple moving average is $496.68. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 1.70.

Moody’s (NYSE:MCO) last posted its earnings results on Wednesday, October 22nd. The business services provider reported $3.92 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.22. Moody’s had a net margin of 29.92% and a return on equity of 63.58%. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same period in the previous year, the firm earned $3.21 EPS. The business’s quarterly revenue was up 10.7% on a year-over-year basis. Moody’s has set its FY 2025 guidance at 14.500-14.750 EPS. Analysts anticipate that Moody’s will post 13.95 earnings per share for the current year.

Insider Activity at Moody’s

In related news, CEO Robert Fauber sold 1,167 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $478.95, for a total value of $558,934.65. Following the completion of the transaction, the chief executive officer directly owned 61,082 shares of the company’s stock, valued at approximately $29,255,223.90. This represents a 1.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 2,154 shares of company stock worth $1,041,098 in the last three months. 0.14% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Moody’s

A number of hedge funds have recently modified their holdings of MCO. Rexford Capital Inc. acquired a new position in Moody’s during the second quarter worth about $25,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Moody’s during the 2nd quarter worth approximately $25,000. Caitlin John LLC acquired a new position in shares of Moody’s during the 3rd quarter worth approximately $27,000. Johnson Financial Group Inc. purchased a new stake in shares of Moody’s in the second quarter valued at approximately $28,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Moody’s in the third quarter valued at approximately $30,000. 92.11% of the stock is currently owned by institutional investors and hedge funds.

Moody’s Company Profile

Moody’s Corporation is a global provider of credit ratings, research, data and analytics that support financial decision-making and transparency in capital markets. The company traces its origins to the early 20th century when financial analyst John Moody began publishing credit information; today Moody’s is headquartered in New York and serves a broad set of market participants including investors, issuers, financial institutions, corporations, governments and regulators.

Moody’s operates primarily through two complementary businesses.