Moody’s Corporation (NYSE:MCO) had its price target upped by BMO Capital Markets from $124.00 to $127.00 in a report published on Friday. The firm currently has a market perform rating on the business services provider’s stock.
MCO has been the subject of several other research reports. Zacks Investment Research cut shares of Moody’s Corporation from a hold rating to a sell rating in a research report on Tuesday, July 11th. BidaskClub upgraded shares of Moody’s Corporation from a buy rating to a strong-buy rating in a research report on Friday, June 30th. Barclays PLC upped their target price on shares of Moody’s Corporation from $118.00 to $128.00 and gave the stock an equal weight rating in a research report on Wednesday, June 28th. Morgan Stanley upped their target price on shares of Moody’s Corporation from $118.00 to $121.00 and gave the stock an equal weight rating in a research report on Monday, May 8th. Finally, Cantor Fitzgerald restated a hold rating and issued a $116.00 target price on shares of Moody’s Corporation in a research report on Monday, May 8th. Six research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Moody’s Corporation presently has an average rating of Hold and a consensus target price of $118.63.
Moody’s Corporation (MCO) traded up 0.22% on Friday, reaching $125.37. The company’s stock had a trading volume of 492,884 shares. The firm has a 50 day moving average price of $117.94 and a 200 day moving average price of $110.49. The stock has a market capitalization of $23.98 billion, a P/E ratio of 57.04 and a beta of 1.29. Moody’s Corporation has a 52 week low of $93.51 and a 52 week high of $125.59.
Moody’s Corporation (NYSE:MCO) last announced its quarterly earnings data on Friday, May 5th. The business services provider reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.23. Moody’s Corporation had a net margin of 11.37% and a negative return on equity of 167.79%. The business had revenue of $975.20 million during the quarter, compared to the consensus estimate of $914.27 million. During the same quarter in the prior year, the firm earned $0.93 EPS. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. On average, equities analysts anticipate that Moody’s Corporation will post $5.33 EPS for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Tuesday, August 22nd will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Friday, August 18th. Moody’s Corporation’s dividend payout ratio (DPR) is 70.05%.
In other news, SVP Blair Worrall sold 11,384 shares of the stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $114.76, for a total value of $1,306,427.84. Following the completion of the transaction, the senior vice president now directly owns 19,359 shares in the company, valued at $2,221,638.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Linda Huber sold 13,698 shares of the stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $119.50, for a total transaction of $1,636,911.00. Following the completion of the transaction, the vice president now owns 77,836 shares of the company’s stock, valued at $9,301,402. The disclosure for this sale can be found here. Insiders sold 212,612 shares of company stock valued at $25,104,433 over the last quarter. Insiders own 1.17% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. bought a new position in Moody’s Corporation during the first quarter valued at about $101,000. TrimTabs Asset Management LLC boosted its position in Moody’s Corporation by 89.6% in the first quarter. TrimTabs Asset Management LLC now owns 965 shares of the business services provider’s stock valued at $108,000 after buying an additional 456 shares during the period. American Beacon Advisors Inc. bought a new position in Moody’s Corporation during the first quarter valued at about $108,000. State of Alaska Department of Revenue bought a new position in Moody’s Corporation during the first quarter valued at about $113,000. Finally, Advisory Services Network LLC bought a new position in Moody’s Corporation during the first quarter valued at about $137,000. Institutional investors and hedge funds own 88.62% of the company’s stock.
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.
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