Moody's (NYSE:MCO) had its price objective lifted by Argus to $190.00 in a research report report published on Wednesday, February 14th, The Fly reports. Argus currently has a buy rating on the business services provider’s stock. The analysts noted that the move was a valuation call.
Other research analysts also recently issued research reports about the company. Cantor Fitzgerald reaffirmed a hold rating and set a $148.00 price target on shares of Moody's in a research note on Wednesday, November 29th. Barclays lifted their price target on Moody's from $175.00 to $180.00 and gave the stock an overweight rating in a research note on Monday, February 12th. UBS Group lifted their price objective on Moody's from $142.00 to $150.00 and gave the stock a neutral rating in a research report on Monday, November 6th. Nomura initiated coverage on Moody's in a research report on Thursday, January 11th. They set a buy rating and a $180.00 price objective for the company. Finally, Wells Fargo & Co set a $160.00 price objective on Moody's and gave the stock a market perform rating in a research report on Monday, February 12th. Eight research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $163.50.
Shares of Moody's (MCO) opened at $169.30 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 1.15 and a debt-to-equity ratio of -48.22. Moody's has a fifty-two week low of $110.11 and a fifty-two week high of $170.62. The firm has a market capitalization of $32,340.00, a price-to-earnings ratio of 43.63, a P/E/G ratio of 1.98 and a beta of 1.36.
Moody's (NYSE:MCO) last released its earnings results on Friday, February 9th. The business services provider reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.06. Moody's had a negative return on equity of 319.45% and a net margin of 23.80%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the company earned $1.23 earnings per share. Moody's’s quarterly revenue was up 23.7% compared to the same quarter last year. analysts anticipate that Moody's will post 7.69 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Tuesday, February 20th will be given a dividend of $0.44 per share. The ex-dividend date is Friday, February 16th. This is a positive change from Moody's’s previous quarterly dividend of $0.38. This represents a $1.76 annualized dividend and a yield of 1.04%. Moody's’s payout ratio is 45.36%.
In related news, Director Darrell Duffie sold 500 shares of the business’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $147.93, for a total transaction 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 1,005 shares of company stock worth $148,738 over the last three months. 1.17% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of MCO. Dimensional Fund Advisors LP grew its stake in 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 buying an additional 3,364 shares during the last quarter. QS Investors LLC grew its stake in 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 buying an additional 800 shares during the last quarter. Janus Henderson Group PLC grew its stake in 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 buying an additional 110,877 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in 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 buying an additional 894 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in Moody's by 2.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 72,875 shares of the business services provider’s stock worth $8,867,000 after buying an additional 1,760 shares during the last quarter. Institutional investors and hedge funds own 87.92% of the company’s stock.
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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.
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