Moody's Co. (NYSE:MCO) Director Darrell Duffie sold 500 shares of Moody's stock in a transaction dated Saturday, December 29th. The stock was sold at an average price of $147.93, for a total value of $73,965.00. Following the completion of the sale, the director now directly owns 21,336 shares of the company’s stock, valued at approximately $3,156,234.48. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Darrell Duffie also recently made the following trade(s):
- On Friday, December 29th, Darrell Duffie sold 500 shares of Moody's stock. The shares were sold at an average price of $147.93, for a total value of $73,965.00.
Shares of Moody's Co. (NYSE MCO) opened at $157.41 on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of -32.57. Moody's Co. has a 1-year low of $97.89 and a 1-year high of $158.51. The company has a market capitalization of $30,070.00, a price-to-earnings ratio of 56.62, a price-to-earnings-growth ratio of 2.54 and a beta of 1.36.
Moody's (NYSE:MCO) last released its earnings results on Friday, November 3rd. The business services provider reported $1.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.15. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $992.81 million. Moody's had a negative return on equity of 187.20% and a net margin of 13.73%. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.34 earnings per share. sell-side analysts anticipate that Moody's Co. will post 5.96 EPS for the current fiscal year.
A number of equities analysts have commented on the company. Nomura assumed coverage on Moody's in a research note on Thursday, January 11th. They issued a “buy” rating and a $180.00 price target on the stock. Argus lifted their price target on Moody's to $165.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $135.00 price target (up from $134.00) on shares of Moody's in a research note on Friday, October 6th. Stifel Nicolaus assumed coverage on Moody's in a research note on Tuesday, December 19th. They issued a “hold” rating and a $167.00 price target on the stock. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $148.00 price target on shares of Moody's in a research note on Wednesday, November 29th. Seven equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $155.82.
Large investors have recently made changes to their positions in the company. Grove Bank & Trust lifted its holdings in shares of Moody's by 156.7% during the third quarter. Grove Bank & Trust now owns 901 shares of the business services provider’s stock valued at $125,000 after purchasing an additional 550 shares in the last quarter. Sun Life Financial INC lifted its holdings in shares of Moody's by 12,200.0% during the second quarter. Sun Life Financial INC now owns 1,230 shares of the business services provider’s stock valued at $150,000 after purchasing an additional 1,220 shares in the last quarter. Salem Investment Counselors Inc. lifted its holdings in shares of 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 valued at $164,000 after purchasing an additional 8 shares in the last quarter. First American Trust FSB bought a new position in shares of Moody's during the fourth quarter valued at $210,000. Finally, Invictus RG bought a new position in shares of Moody's during the third quarter valued at $199,000. 87.33% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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