Moody’s (NYSE:MCO) had its target price raised by Nomura from $180.00 to $190.00 in a research report report published on Wednesday morning. Nomura currently has a buy rating on the business services provider’s stock.
Several other brokerages also recently commented on MCO. Zacks Investment Research downgraded shares of Moody’s from a buy rating to a hold rating in a report on Friday, April 20th. Morgan Stanley raised their target price on shares of Moody’s from $168.00 to $172.00 and gave the stock an equal weight rating in a report on Thursday, April 12th. Argus raised their target price on shares of Moody’s to $190.00 and gave the stock a buy rating in a report on Wednesday, February 14th. They noted that the move was a valuation call. Barclays raised their target price on shares of Moody’s from $175.00 to $180.00 and gave the stock an overweight rating in a report on Monday, February 12th. Finally, Cantor Fitzgerald raised their target price on shares of Moody’s from $148.00 to $155.00 and gave the stock a neutral rating in a report on Monday, February 12th. Nine equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Hold and an average price target of $170.25.
MCO stock traded up $3.06 during mid-day trading on Wednesday, hitting $165.60. 964,156 shares of the company were exchanged, compared to its average volume of 781,335. The company has a debt-to-equity ratio of -44.48, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market capitalization of $30,663.91, a P/E ratio of 26.78, a price-to-earnings-growth ratio of 1.80 and a beta of 1.26. Moody’s has a 1-year low of $112.55 and a 1-year high of $171.68.
Moody’s (NYSE:MCO) last announced its earnings results on Friday, February 9th. The business services provider reported $1.51 EPS for the quarter, topping the consensus estimate of $1.45 by $0.06. The firm had revenue of $1.17 billion for 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 business’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period last year, the company posted $1.23 EPS. analysts forecast that Moody’s will post 7.74 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 11th. Stockholders of record on Monday, May 21st will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, May 18th. This represents a $1.76 annualized dividend and a dividend yield of 1.06%. Moody’s’s dividend payout ratio is currently 29.00%.
In related news, SVP Michael S. Crimmins sold 300 shares of the firm’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $166.04, for a total value of $49,812.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Michael S. Crimmins sold 486 shares of the firm’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $167.12, for a total transaction of $81,220.32. The disclosure for this sale can be found here. Insiders have sold a total of 80,397 shares of company stock valued at $12,943,423 over the last ninety days. Company insiders own 1.00% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Elkfork Partners LLC bought a new position in shares of Moody’s in the fourth quarter valued at $617,000. Penbrook Management LLC bought a new position in Moody’s during the fourth quarter worth $2,310,000. Xact Kapitalforvaltning AB boosted its position in Moody’s by 6.2% during the fourth quarter. Xact Kapitalforvaltning AB now owns 36,975 shares of the business services provider’s stock worth $5,458,000 after purchasing an additional 2,174 shares during the period. Envestnet Asset Management Inc. boosted its position in Moody’s by 17.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 58,003 shares of the business services provider’s stock worth $8,562,000 after purchasing an additional 8,584 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Moody’s by 4.7% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 93,552 shares of the business services provider’s stock worth $13,809,000 after purchasing an additional 4,229 shares during the period. 88.42% of the stock is owned by institutional investors and hedge funds.
WARNING: “Moody’s (MCO) Price Target Increased to $190.00 by Analysts at Nomura” was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece on another site, it was stolen and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.dispatchtribunal.com/2018/04/26/moodys-mco-price-target-increased-to-190-00-by-analysts-at-nomura.html.
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.
Receive News & Ratings for Moody's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moody's and related companies with MarketBeat.com's FREE daily email newsletter.