Moody’s Co. (NYSE:MCO) has been assigned a consensus recommendation of “Hold” from the thirteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $163.50.
A number of brokerages recently weighed in on MCO. Argus boosted their price objective on shares of Moody’s to $190.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. They noted that the move was a valuation call. Nomura began coverage on shares of Moody’s in a research report on Thursday, January 11th. They set a “buy” rating and a $180.00 price objective for the company. Cantor Fitzgerald reaffirmed a “hold” rating on shares of Moody’s in a research report on Friday, February 9th. Stifel Nicolaus began coverage on shares of Moody’s in a research report on Tuesday, December 19th. They set a “hold” rating and a $167.00 price objective for the company. Finally, Wells Fargo set a $160.00 price objective on shares of Moody’s and gave the company a “market perform” rating in a research report on Monday, February 12th.
Shares of MCO traded up $1.38 during midday trading on Wednesday, hitting $160.37. The company had a trading volume of 53,971 shares, compared to its average volume of 804,373. The company has a market capitalization of $30,382.99, a P/E ratio of 26.19, a PEG ratio of 1.80 and a beta of 1.26. Moody’s has a 52 week low of $111.94 and a 52 week high of $171.68. The company has a debt-to-equity ratio of -44.48, a quick ratio of 1.25 and a current ratio of 1.25.
Moody’s (NYSE:MCO) last released its earnings results on Friday, February 9th. The business services provider reported $1.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.06. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. Moody’s had a net margin of 23.80% and a negative return on equity of 319.45%. The company’s revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.23 EPS. sell-side analysts expect that Moody’s will post 7.7 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Tuesday, February 20th were given a $0.44 dividend. This is a boost from Moody’s’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.76 annualized dividend and a yield of 1.10%. Moody’s’s dividend payout ratio is 29.00%.
In other Moody’s news, Director Darrell Duffie sold 500 shares of the company’s stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $160.96, for a total value of $80,480.00. Following the completion of the transaction, the director now owns 21,944 shares in the company, valued at approximately $3,532,106.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Robert Fauber sold 3,500 shares of the company’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $168.00, for a total transaction of $588,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,182 shares of company stock valued at $5,721,231. 1.00% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of MCO. Oppenheimer & Co. Inc. acquired a new stake in shares of Moody’s in the 3rd quarter worth approximately $231,000. ETRADE Capital Management LLC acquired a new stake in shares of Moody’s in the 3rd quarter worth approximately $231,000. JPMorgan Chase & Co. lifted its stake in shares of Moody’s by 92.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 247,870 shares of the business services provider’s stock worth $34,357,000 after acquiring an additional 119,047 shares during the period. Schroder Investment Management Group acquired a new stake in shares of Moody’s in the 3rd quarter worth approximately $846,000. Finally, Wells Fargo & Company MN lifted its stake in shares of Moody’s by 15.1% in the 3rd quarter. Wells Fargo & Company MN now owns 383,359 shares of the business services provider’s stock worth $53,367,000 after acquiring an additional 50,364 shares during the period. Hedge funds and other institutional investors own 88.51% of the company’s stock.
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Moody’s Company Profile
Moody's Corporation provides credit ratings; and credit, capital markets, and economic related research, data, and analytical tools worldwide. It operates through two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings on various debt obligations and entities that issue such obligations comprising various corporate and governmental obligations, structured finance securities, and commercial paper programs.
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