Moody’s Co. (NYSE:MCO) Given Consensus Rating of “Moderate Buy” by Brokerages

Moody’s Co. (NYSE:MCOGet Rating) has been assigned an average rating of “Hold” from the fourteen ratings firms that are covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $329.25.

Several analysts have commented on MCO shares. Raymond James lowered their price target on Moody’s from $364.00 to $327.00 and set an “outperform” rating for the company in a report on Tuesday, July 12th. Credit Suisse Group reduced their price objective on Moody’s from $395.00 to $350.00 in a research note on Tuesday, May 3rd. Royal Bank of Canada reduced their price objective on Moody’s from $344.00 to $329.00 in a research note on Tuesday, June 7th. BMO Capital Markets reduced their price objective on Moody’s from $331.00 to $309.00 in a research note on Thursday, June 2nd. Finally, Morgan Stanley reduced their price objective on Moody’s from $298.00 to $283.00 and set an “equal weight” rating on the stock in a research note on Wednesday.

Insider Buying and Selling

In related news, Director Raymond W. Mcdaniel sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 6th. The stock was sold at an average price of $299.41, for a total transaction of $2,994,100.00. Following the transaction, the director now directly owns 57,503 shares of the company’s stock, valued at approximately $17,216,973.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.38% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Moody’s

Hedge funds and other institutional investors have recently bought and sold shares of the business. Avantax Advisory Services Inc. increased its holdings in shares of Moody’s by 9.3% in the 4th quarter. Avantax Advisory Services Inc. now owns 668 shares of the business services provider’s stock valued at $261,000 after acquiring an additional 57 shares during the last quarter. Brown Advisory Inc. increased its holdings in shares of Moody’s by 5.1% in the 4th quarter. Brown Advisory Inc. now owns 15,336 shares of the business services provider’s stock valued at $5,989,000 after acquiring an additional 744 shares during the last quarter. Regentatlantic Capital LLC increased its holdings in shares of Moody’s by 4.7% in the 4th quarter. Regentatlantic Capital LLC now owns 1,776 shares of the business services provider’s stock valued at $694,000 after acquiring an additional 79 shares during the last quarter. PGGM Investments increased its holdings in shares of Moody’s by 4.3% in the 4th quarter. PGGM Investments now owns 96,282 shares of the business services provider’s stock valued at $37,606,000 after acquiring an additional 4,011 shares during the last quarter. Finally, Exane Derivatives bought a new stake in shares of Moody’s in the 4th quarter valued at approximately $154,000. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

Moody’s Stock Up 2.5 %

MCO opened at $293.62 on Thursday. The company has a debt-to-equity ratio of 2.82, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a market capitalization of $54.17 billion, a price-to-earnings ratio of 27.80, a price-to-earnings-growth ratio of 2.57 and a beta of 1.19. The business has a 50-day moving average of $281.00 and a two-hundred day moving average of $311.12. Moody’s has a 12 month low of $251.01 and a 12 month high of $407.94.

Moody’s (NYSE:MCOGet Rating) last posted its quarterly earnings results on Tuesday, July 26th. The business services provider reported $2.22 EPS for the quarter, missing the consensus estimate of $2.34 by ($0.12). The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Moody’s had a net margin of 32.18% and a return on equity of 79.22%. The firm’s quarterly revenue was down 11.1% compared to the same quarter last year. During the same quarter last year, the firm earned $3.22 EPS. On average, research analysts expect that Moody’s will post 10.26 earnings per share for the current year.

Moody’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Friday, May 20th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 0.95%. The ex-dividend date was Thursday, May 19th. Moody’s’s dividend payout ratio (DPR) is presently 26.52%.

Moody’s Company Profile

(Get Rating)

Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings and provides assessment services on various debt obligations, programs and facilities, and entities that issue such obligations, such as various corporate, financial institution, and governmental obligations, as well as and structured finance securities.

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