Moody’s Corporation (MCO) Given New $127.00 Price Target at BMO Capital Markets

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.

TRADEMARK VIOLATION NOTICE: “Moody’s Corporation (MCO) Given New $127.00 Price Target at BMO Capital Markets” was originally published by Community Financial News and is owned by of Community Financial News. If you are reading this article on another website, it was stolen and republished in violation of US & international trademark & copyright legislation. The legal version of this article can be viewed at https://www.com-unik.info/2017/07/18/moodys-corporation-mco-given-new-127-00-price-target-at-bmo-capital-markets.html.

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.

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

What are top analysts saying about Moody's Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Moody's Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit