Moody’s (NYSE:MCO) PT Raised to $310.00

Moody’s (NYSE:MCOGet Rating) had its price target hoisted by equities researchers at Oppenheimer from $288.00 to $310.00 in a research report issued to clients and investors on Wednesday, The Fly reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. Oppenheimer’s target price indicates a potential upside of 4.04% from the stock’s previous close.

MCO has been the subject of a number of other research reports. StockNews.com initiated coverage on Moody’s in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. The Goldman Sachs Group reduced their price objective on Moody’s from $296.00 to $263.00 and set a “neutral” rating for the company in a research report on Monday, October 3rd. JPMorgan Chase & Co. dropped their target price on Moody’s from $315.00 to $290.00 in a report on Thursday, October 13th. Stifel Nicolaus dropped their target price on Moody’s from $259.00 to $235.00 and set a “hold” rating for the company in a report on Wednesday, October 12th. Finally, Robert W. Baird dropped their target price on Moody’s from $302.00 to $289.00 in a report on Wednesday, October 26th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $291.53.

Moody’s Price Performance

Shares of NYSE:MCO opened at $297.96 on Wednesday. The business has a 50 day moving average price of $263.16 and a 200 day moving average price of $280.57. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 3.08. Moody’s has a twelve month low of $230.16 and a twelve month high of $403.73. The company has a market cap of $54.59 billion, a price-to-earnings ratio of 35.56, a PEG ratio of 3.16 and a beta of 1.23.

Moody’s (NYSE:MCOGet Rating) last announced its quarterly earnings data on Tuesday, October 25th. The business services provider reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.31). Moody’s had a return on equity of 66.15% and a net margin of 27.20%. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the business posted $2.69 EPS. Moody’s’s revenue was down 16.4% compared to the same quarter last year. Research analysts predict that Moody’s will post 8.46 earnings per share for the current year.

Institutional Investors Weigh In On Moody’s

Hedge funds and other institutional investors have recently made changes to their positions in the company. Tcwp LLC acquired a new stake in shares of Moody’s in the 1st quarter valued at $38,000. Vigilant Capital Management LLC bought a new position in shares of Moody’s in the 2nd quarter worth $33,000. Ronald Blue Trust Inc. bought a new position in shares of Moody’s in the 2nd quarter worth $41,000. BDO Wealth Advisors LLC boosted its position in shares of Moody’s by 110.0% in the 3rd quarter. BDO Wealth Advisors LLC now owns 126 shares of the business services provider’s stock worth $31,000 after purchasing an additional 66 shares during the last quarter. Finally, Prospera Financial Services Inc bought a new position in shares of Moody’s in the 1st quarter worth $45,000. 91.73% of the stock is owned by institutional investors and hedge funds.

About Moody’s

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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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