Moody's (MCO) Now Covered by Stifel Nicolaus

Stifel Nicolaus assumed coverage on shares of Moody's (NYSE:MCO) in a report released on Tuesday, December 19th, Marketbeat.com reports. The firm issued a hold rating and a $167.00 price objective on the business services provider’s stock.

Other equities research analysts also recently issued reports about the company. BMO Capital Markets reiterated a hold rating and issued a $143.00 price objective on shares of Moody's in a report on Friday, October 13th. Piper Jaffray Companies reiterated a hold rating and issued a $149.00 price objective (up from $140.00) on shares of Moody's in a report on Wednesday, October 4th. Cantor Fitzgerald reissued a hold rating and issued a $148.00 target price on shares of Moody's in a research report on Sunday, November 19th. Barclays raised Moody's from an equal weight rating to an overweight rating and raised their target price for the stock from $150.00 to $165.00 in a research report on Friday, November 17th. Finally, Morgan Stanley reissued an equal weight rating and issued a $135.00 target price (up from $134.00) on shares of Moody's in a research report on Friday, October 6th. Seven equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of Buy and a consensus target price of $155.82.

Shares of Moody's (NYSE:MCO) traded up $1.53 during trading hours on Tuesday, hitting $157.25. The stock had a trading volume of 564,902 shares, compared to its average volume of 715,781. Moody's has a 1 year low of $93.87 and a 1 year high of $157.56. The company has a debt-to-equity ratio of -32.57, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market capitalization of $30,030.00, a P/E ratio of 56.56, a PEG ratio of 2.52 and a beta of 1.36.

Moody's (NYSE:MCO) last issued its quarterly earnings results on Friday, November 3rd. The business services provider reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.15. Moody's had a negative return on equity of 187.20% and a net margin of 13.73%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $992.81 million. During the same period last year, the company earned $1.34 earnings per share. The company’s revenue was up 15.9% on a year-over-year basis. analysts expect that Moody's will post 5.96 EPS for the current year.

In related news, Director Darrell Duffie sold 500 shares of the business’s stock in a transaction that occurred on Saturday, December 29th. The stock was sold at an average price of $147.93, for a total value of $73,965.00. Following the transaction, the director now directly owns 21,336 shares of the company’s stock, valued at approximately $3,156,234.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ewald Kist sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $142.00, for a total value of $568,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,000 shares of company stock worth $715,930. 1.17% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the business. Fiera Capital Corp increased its position in shares of Moody's by 17.8% during the 2nd quarter. Fiera Capital Corp now owns 5,793,968 shares of the business services provider’s stock valued at $705,010,000 after purchasing an additional 876,210 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Moody's by 250.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,134,858 shares of the business services provider’s stock valued at $138,090,000 after purchasing an additional 810,843 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Moody's by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 16,203,350 shares of the business services provider’s stock valued at $1,971,623,000 after purchasing an additional 463,669 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in shares of Moody's by 974.4% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 360,502 shares of the business services provider’s stock valued at $33,783,000 after purchasing an additional 326,947 shares during the last quarter. Finally, Balyasny Asset Management LLC increased its position in shares of Moody's by 3,117.8% during the 2nd quarter. Balyasny Asset Management LLC now owns 311,771 shares of the business services provider’s stock valued at $37,936,000 after purchasing an additional 302,082 shares during the last quarter. 87.32% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This article was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this article on another publication, it was illegally stolen and republished in violation of United States & international copyright and trademark law. The correct version of this article can be read at https://www.dispatchtribunal.com/2018/01/13/moodys-mco-earns-hold-rating-from-analysts-at-stifel-nicolaus.html.

About Moody's

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 (NYSE:MCO)

Receive News & Ratings for Moody's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moody's and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply