Moody’s Co. (NYSE:MCO) Given Average Rating of “Hold” by Analysts

Moody’s Co. (NYSE:MCOGet Rating) has received an average rating of “Hold” from the seventeen ratings firms that are presently covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $308.64.

MCO has been the subject of a number of research analyst reports. StockNews.com initiated coverage on Moody’s in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Morgan Stanley boosted their target price on Moody’s from $293.00 to $296.00 and gave the company an “equal weight” rating in a research report on Thursday, April 6th. Robert W. Baird boosted their target price on Moody’s from $289.00 to $350.00 and gave the company an “outperform” rating in a research report on Wednesday, February 1st. Wells Fargo & Company initiated coverage on Moody’s in a research report on Tuesday, May 9th. They issued an “equal weight” rating and a $312.00 target price for the company. Finally, BMO Capital Markets boosted their target price on Moody’s from $355.00 to $360.00 in a research report on Wednesday, May 17th.

Moody’s Stock Down 2.7 %

Shares of NYSE:MCO opened at $312.79 on Wednesday. The company has a market capitalization of $57.40 billion, a price-to-earnings ratio of 41.82, a P/E/G ratio of 2.93 and a beta of 1.30. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.48 and a quick ratio of 1.48. The business’s 50-day moving average is $303.23 and its 200-day moving average is $299.18. Moody’s has a 1 year low of $230.16 and a 1 year high of $335.91.

Moody’s (NYSE:MCOGet Rating) last announced its quarterly earnings data on Tuesday, April 25th. The business services provider reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.68. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.43 billion. Moody’s had a return on equity of 59.87% and a net margin of 25.42%. The firm’s revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.89 EPS. Equities research analysts predict that Moody’s will post 9.79 earnings per share for the current year.

Moody’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Friday, May 19th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Thursday, May 18th. Moody’s’s dividend payout ratio is presently 41.18%.

Insider Activity

In other news, SVP Caroline Sullivan sold 483 shares of the company’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $303.48, for a total value of $146,580.84. Following the completion of the transaction, the senior vice president now directly owns 1,491 shares of the company’s stock, valued at $452,488.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP John J. Goggins sold 8,400 shares of the company’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $302.62, for a total value of $2,542,008.00. Following the transaction, the executive vice president now owns 8,587 shares in the company, valued at $2,598,597.94. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Caroline Sullivan sold 483 shares of the company’s stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $303.48, for a total value of $146,580.84. Following the completion of the transaction, the senior vice president now owns 1,491 shares in the company, valued at approximately $452,488.68. The disclosure for this sale can be found here. Insiders sold a total of 23,701 shares of company stock valued at $7,046,117 over the last three months. Corporate insiders own 0.42% of the company’s stock.

Hedge Funds Weigh In On Moody’s

Institutional investors have recently bought and sold shares of the company. Markel Corp lifted its position in shares of Moody’s by 0.8% during the first quarter. Markel Corp now owns 212,990 shares of the business services provider’s stock worth $71,865,000 after acquiring an additional 1,750 shares in the last quarter. Raymond James Trust N.A. lifted its position in shares of Moody’s by 6.8% during the first quarter. Raymond James Trust N.A. now owns 2,126 shares of the business services provider’s stock worth $717,000 after acquiring an additional 135 shares in the last quarter. Prudential PLC purchased a new stake in shares of Moody’s during the first quarter worth $1,078,000. Sequoia Financial Advisors LLC lifted its position in shares of Moody’s by 8.7% during the first quarter. Sequoia Financial Advisors LLC now owns 1,980 shares of the business services provider’s stock worth $668,000 after acquiring an additional 158 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. lifted its position in shares of Moody’s by 2.3% during the first quarter. Candriam Luxembourg S.C.A. now owns 30,994 shares of the business services provider’s stock worth $10,457,000 after acquiring an additional 684 shares in the last quarter. Hedge funds and other institutional investors own 90.84% of the company’s stock.

About Moody’s

(Get Rating)

Moody’s Corp. engages in the provision of credit ratings, research, tools and analysis to the global capital markets. It operates through the Moody’s Investors Service (MIS) and Moody’s Analytics (MA) segments. The MIS segment is a credit rating agency, which publishes credit ratings on debt obligations and the entities, including various corporate and governmental obligations, structured finance securities, and commercial paper programs.

Further Reading

Analyst Recommendations for Moody's (NYSE:MCO)

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