Brokerages Set Moody's Co. (MCO) Price Target at $151.89

Shares of Moody's Co. (NYSE:MCO) have been assigned an average rating of “Buy” from the eleven research firms that are currently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $151.89.

A number of equities research analysts have issued reports on MCO shares. Zacks Investment Research lowered shares of Moody's from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. UBS raised their price objective on shares of Moody's from $138.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, August 18th. Credit Suisse Group restated a “neutral” rating and issued a $137.00 price objective (up from $131.00) on shares of Moody's in a report on Wednesday, August 30th. They noted that the move was a valuation call. BMO Capital Markets restated a “market perform” rating and issued a $136.00 price objective (up from $135.00) on shares of Moody's in a report on Wednesday, September 6th. Finally, Barclays raised their price objective on shares of Moody's from $135.00 to $150.00 and gave the company an “equal weight” rating in a report on Friday, September 15th.

In related news, insider Raymond W. Mcdaniel sold 45,216 shares of Moody's stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $134.16, for a total transaction of $6,066,178.56. Following the sale, the insider now directly owns 292,310 shares in the company, valued at approximately $39,216,309.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Darrell Duffie sold 500 shares of Moody's stock in a transaction on Friday, September 29th. The stock was sold at an average price of $138.41, for a total transaction of $69,205.00. Following the sale, the director now owns 21,804 shares in the company, valued at $3,017,891.64. The disclosure for this sale can be found here. Insiders sold a total of 49,716 shares of company stock worth $6,703,384 over the last 90 days. Company insiders own 1.17% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Davis Selected Advisers raised its stake in Moody's by 0.7% during the 3rd quarter. Davis Selected Advisers now owns 202,766 shares of the business services provider’s stock worth $28,227,000 after acquiring an additional 1,460 shares in the last quarter. IFM Investors Pty Ltd acquired a new stake in Moody's during the 3rd quarter worth $673,000. Guardian Capital LP raised its stake in Moody's by 6.5% during the 3rd quarter. Guardian Capital LP now owns 89,681 shares of the business services provider’s stock worth $12,484,000 after acquiring an additional 5,499 shares in the last quarter. California Public Employees Retirement System raised its stake in Moody's by 2.1% during the 3rd quarter. California Public Employees Retirement System now owns 481,845 shares of the business services provider’s stock worth $67,078,000 after acquiring an additional 10,045 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in Moody's during the 3rd quarter worth $355,000. Hedge funds and other institutional investors own 87.49% of the company’s stock.

Moody's (MCO) traded down $0.52 during trading on Thursday, reaching $151.30. 769,726 shares of the company’s stock were exchanged, compared to its average volume of 720,976. The firm has a market cap of $28,913.43, a price-to-earnings ratio of 26.40, a PEG ratio of 2.68 and a beta of 1.36. Moody's has a 12 month low of $93.51 and a 12 month high of $153.41. The company has a debt-to-equity ratio of -32.57, a quick ratio of 1.15 and a current ratio of 1.15.

Moody's (NYSE:MCO) last released its earnings results on Friday, November 3rd. The business services provider reported $1.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.15. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $992.81 million. Moody's had a net margin of 13.73% and a negative return on equity of 187.20%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.34 EPS. analysts predict that Moody's will post 5.94 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st will be issued a $0.38 dividend. The ex-dividend date is Monday, November 20th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.00%. Moody's’s payout ratio is 54.29%.

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Moody's 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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