Moody’s Corporation (MCO) Stock Rating Reaffirmed by Cantor Fitzgerald

Moody’s Corporation (NYSE:MCO)‘s stock had its “hold” rating reaffirmed by stock analysts at Cantor Fitzgerald in a report issued on Sunday. They currently have a $148.00 price target on the business services provider’s stock. Cantor Fitzgerald’s price objective points to a potential downside of 0.21% from the company’s current price.

Several other research analysts have also recently issued reports on MCO. Barclays PLC reissued an “equal weight” rating and issued a $135.00 price target (up previously from $128.00) on shares of Moody’s Corporation in a research note on Monday, July 24th. Morgan Stanley reissued an “equal weight” rating and issued a $131.00 price target (up previously from $122.00) on shares of Moody’s Corporation in a research note on Tuesday, July 25th. UBS AG reissued a “neutral” rating and issued a $138.00 price target (up previously from $121.00) on shares of Moody’s Corporation in a research note on Tuesday, July 25th. Zacks Investment Research cut Moody’s Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $137.00 price target (up previously from $131.00) on shares of Moody’s Corporation in a research note on Wednesday, August 30th. They noted that the move was a valuation call. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $151.89.

Moody’s Corporation (NYSE MCO) opened at $148.31 on Friday. Moody’s Corporation has a 52 week low of $93.51 and a 52 week high of $148.55. The stock has a market capitalization of $28,051.57, a price-to-earnings ratio of 25.62, a PEG ratio of 2.60 and a beta of 1.35. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of -32.57.

Moody’s Corporation (NYSE:MCO) last released its quarterly earnings results on Friday, November 3rd. The business services provider reported $1.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.15. Moody’s Corporation had a negative return on equity of 187.20% and a net margin of 13.73%. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $992.81 million. During the same quarter in the prior year, the business posted $1.34 earnings per share. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. research analysts expect that Moody’s Corporation will post 5.94 EPS for the current year.

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In other news, Director Ewald Kist sold 4,000 shares of the company’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 filing with the Securities & Exchange Commission, which is available through this link. Also, Director Darrell Duffie sold 500 shares of the company’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $138.41, for a total value of $69,205.00. Following the sale, 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. In the last 90 days, insiders sold 49,716 shares of company stock valued at $6,703,384. Insiders own 1.17% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Moody’s Corporation by 0.9% during 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 last quarter. Vanguard Group Inc. lifted its holdings in shares of Moody’s Corporation by 2.9% during the second quarter. Vanguard Group Inc. now owns 16,203,350 shares of the business services provider’s stock valued at $1,971,623,000 after purchasing an additional 463,669 shares during the last quarter. Fiera Capital Corp lifted its holdings in shares of Moody’s Corporation by 17.8% during the second quarter. Fiera Capital Corp now owns 5,793,968 shares of the business services provider’s stock valued at $705,010,000 after purchasing an additional 876,210 shares during the last quarter. State of Tennessee Treasury Department lifted its holdings in shares of Moody’s Corporation by 11.7% during the second quarter. State of Tennessee Treasury Department now owns 50,640 shares of the business services provider’s stock valued at $6,162,000 after purchasing an additional 5,316 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings in shares of Moody’s Corporation by 20.5% during the second quarter. HighTower Advisors LLC now owns 10,300 shares of the business services provider’s stock valued at $1,250,000 after purchasing an additional 1,749 shares during the last quarter. 88.00% of the stock is owned by institutional investors and hedge funds.

Moody’s Corporation 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.

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

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