Moody's (MCO) Receives New Coverage from Analysts at Nomura

Nomura began coverage on shares of Moody's (NYSE:MCO) in a research note released on Thursday, Marketbeat reports. The brokerage issued a buy rating and a $180.00 price target on the business services provider’s stock.

A number of other research firms have also issued reports on MCO. Cantor Fitzgerald reaffirmed a hold rating and issued a $148.00 price target on shares of Moody's in a research report on Wednesday, November 29th. Stifel Nicolaus began coverage on Moody's in a research report on Tuesday, December 19th. They issued a hold rating and a $167.00 price target on the stock. BMO Capital Markets increased their price target on Moody's from $143.00 to $146.00 and gave the company a market perform rating in a research report on Monday, November 6th. Credit Suisse Group increased their price target on Moody's from $137.00 to $161.00 and gave the company a neutral rating in a research report on Monday, November 6th. Finally, UBS Group increased their price target on Moody's from $142.00 to $150.00 and gave the company a neutral rating in a research report on Monday, November 6th. Seven investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $155.82.

Moody's (NYSE:MCO) traded up $1.53 during mid-day trading on Thursday, reaching $157.25. The company’s stock had a trading volume of 564,900 shares, compared to its average volume of 726,600. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of -32.57. The firm has a market cap of $30,050.48, a price-to-earnings ratio of 56.16, a P/E/G ratio of 2.54 and a beta of 1.36. Moody's has a 52 week low of $96.70 and a 52 week high of $157.56.

Moody's (NYSE:MCO) last posted its quarterly earnings results on Friday, November 3rd. The business services provider reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 negative return on equity of 187.20% and a net margin of 13.73%. Moody's’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.34 EPS. equities analysts anticipate that Moody's will post 5.96 earnings per share for the current fiscal year.

In other news, Director Darrell Duffie sold 500 shares of the firm’s stock in a transaction dated Saturday, December 29th. The stock was sold at an average price of $147.93, for a total transaction of $73,965.00. Following the sale, the director now owns 21,336 shares of the company’s stock, valued at approximately $3,156,234.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ewald Kist sold 4,000 shares of Moody'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. Insiders have sold a total of 5,000 shares of company stock worth $715,930 in the last three months. Corporate insiders own 1.17% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Salem Investment Counselors Inc. increased its position in Moody's by 0.6% during the second quarter. Salem Investment Counselors Inc. now owns 1,346 shares of the business services provider’s stock worth $164,000 after buying an additional 8 shares during the period. BRYN MAWR TRUST Co increased its position in Moody's by 0.7% during the second quarter. BRYN MAWR TRUST Co now owns 6,386 shares of the business services provider’s stock worth $777,000 after buying an additional 45 shares during the period. Blue Edge Capital LLC increased its position in Moody's by 0.6% during the second quarter. Blue Edge Capital LLC now owns 9,264 shares of the business services provider’s stock worth $1,127,000 after buying an additional 53 shares during the period. Veritable L.P. increased its position in Moody's by 1.8% during the second quarter. Veritable L.P. now owns 7,265 shares of the business services provider’s stock worth $884,000 after buying an additional 125 shares during the period. Finally, Riverhead Capital Management LLC increased its position in Moody's by 2.6% during the second quarter. Riverhead Capital Management LLC now owns 5,132 shares of the business services provider’s stock worth $624,000 after buying an additional 132 shares during the period. 87.33% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Moody's (NYSE:MCO)

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