Moody's (MCO) PT Raised to $155.00

Moody's (NYSE:MCO) had its target price increased by equities research analysts at Cantor Fitzgerald from $148.00 to $155.00 in a note issued to investors on Monday. The brokerage presently has a “neutral” rating on the business services provider’s stock. Cantor Fitzgerald’s price target suggests a potential downside of 4.08% from the stock’s previous close. Cantor Fitzgerald also issued estimates for Moody's’ FY2019 earnings at $8.73 EPS.

Several other research analysts also recently weighed in on MCO. Credit Suisse Group reissued a “neutral” rating and issued a $187.00 target price (up previously from $161.00) on shares of Moody's in a research note on Monday. Wells Fargo & Co set a $160.00 price objective on shares of Moody's and gave the company a “market perform” rating in a research note on Monday. BMO Capital Markets upped their price objective on shares of Moody's from $159.00 to $161.00 and gave the company a “market perform” rating in a research note on Friday, February 9th. Argus upped their price objective on shares of Moody's to $165.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. Finally, Barclays raised shares of Moody's from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $150.00 to $165.00 in a research note on Friday, November 17th. Eight 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 a consensus rating of “Hold” and an average target price of $161.42.

Moody's (NYSE:MCO) opened at $161.60 on Monday. Moody's has a one year low of $108.12 and a one year high of $167.23. The firm has a market cap of $29,551.71, a PE ratio of 31.38, a P/E/G ratio of 1.81 and a beta of 1.36. The company has a quick ratio of 1.15, a current ratio of 1.25 and a debt-to-equity ratio of -48.22.

Moody's (NYSE:MCO) last announced its earnings results on Friday, February 9th. The business services provider reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.06. Moody's had a net margin of 23.80% and a negative return on equity of 319.45%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the company posted $1.23 EPS. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. equities analysts expect that Moody's will post 7.75 earnings per share for the current fiscal year.

In other news, Director Darrell Duffie sold 500 shares of the business’s stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $147.93, for a total transaction of $73,965.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ewald Kist sold 4,000 shares of the business’s stock in a transaction dated 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. In the last ninety days, insiders have sold 5,005 shares of company stock valued at $716,738. Corporate insiders own 1.17% of the company’s stock.

Several large investors have recently modified their holdings of MCO. Dimensional Fund Advisors LP grew its holdings in shares of Moody's by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 360,335 shares of the business services provider’s stock worth $43,846,000 after purchasing an additional 3,364 shares during the period. Stifel Financial Corp grew its holdings in shares of Moody's by 1.8% during the 2nd quarter. Stifel Financial Corp now owns 14,405 shares of the business services provider’s stock worth $1,746,000 after purchasing an additional 249 shares during the period. QS Investors LLC grew its holdings in shares of Moody's by 36.3% during the 2nd quarter. QS Investors LLC now owns 3,003 shares of the business services provider’s stock worth $365,000 after purchasing an additional 800 shares during the period. Janus Henderson Group PLC grew its holdings in shares of Moody's by 501.4% during the 2nd quarter. Janus Henderson Group PLC now owns 132,992 shares of the business services provider’s stock worth $16,182,000 after purchasing an additional 110,877 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in shares of Moody's by 15.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,764 shares of the business services provider’s stock worth $823,000 after purchasing an additional 894 shares during the period. Institutional investors and hedge funds own 87.31% of the company’s stock.

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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)

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