Moody’s (NYSE:MCO) Reaches New 12-Month High at $251.75

Moody’s Co. (NYSE:MCO) shares reached a new 52-week high on Tuesday . The company traded as high as $251.75 and last traded at $251.71, with a volume of 3445 shares changing hands. The stock had previously closed at $251.49.

A number of research firms recently weighed in on MCO. Zacks Investment Research raised shares of Moody’s from a “hold” rating to a “buy” rating and set a $240.00 price target on the stock in a research report on Wednesday, November 20th. William Blair reissued an “outperform” rating on shares of Moody’s in a research report on Thursday, October 31st. Stifel Nicolaus reissued a “hold” rating and set a $228.00 price target on shares of Moody’s in a research report on Thursday, January 2nd. Barclays reissued a “buy” rating and set a $260.00 price target on shares of Moody’s in a research report on Wednesday, December 18th. Finally, BMO Capital Markets raised their price target on shares of Moody’s to $230.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Moody’s presently has a consensus rating of “Hold” and an average target price of $227.18.

The firm’s 50 day moving average is $236.04 and its 200 day moving average is $217.48. The company has a market cap of $47.48 billion, a PE ratio of 33.85, a PEG ratio of 2.76 and a beta of 1.23. The company has a debt-to-equity ratio of 7.50, a current ratio of 1.42 and a quick ratio of 1.42.

Moody’s (NYSE:MCO) last issued its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.15 EPS for the quarter, beating the consensus estimate of $1.99 by $0.16. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Moody’s had a net margin of 28.20% and a return on equity of 270.17%. Moody’s’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.69 earnings per share. As a group, analysts anticipate that Moody’s Co. will post 8.2 EPS for the current year.

In related news, EVP John J. Goggins sold 20,784 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $218.06, for a total transaction of $4,532,159.04. Following the completion of the transaction, the executive vice president now owns 86,543 shares of the company’s stock, valued at $18,871,566.58. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Robert Fauber sold 3,721 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $216.26, for a total transaction of $804,703.46. Following the transaction, the insider now directly owns 49,591 shares of the company’s stock, valued at approximately $10,724,549.66. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,013 shares of company stock valued at $7,353,939. 0.90% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Morgan Stanley grew its stake in Moody’s by 14.9% in the 2nd quarter. Morgan Stanley now owns 2,115,215 shares of the business services provider’s stock worth $413,121,000 after buying an additional 274,515 shares in the last quarter. Windacre Partnership LLC grew its stake in Moody’s by 9.1% in the 3rd quarter. Windacre Partnership LLC now owns 1,791,000 shares of the business services provider’s stock worth $366,851,000 after buying an additional 149,000 shares in the last quarter. Millennium Management LLC grew its stake in Moody’s by 1,070.3% in the 3rd quarter. Millennium Management LLC now owns 809,834 shares of the business services provider’s stock worth $165,878,000 after buying an additional 740,633 shares in the last quarter. Nuveen Asset Management LLC grew its stake in Moody’s by 985.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 770,226 shares of the business services provider’s stock worth $150,433,000 after buying an additional 699,273 shares in the last quarter. Finally, Boston Partners grew its stake in Moody’s by 3.9% in the 2nd quarter. Boston Partners now owns 664,532 shares of the business services provider’s stock worth $129,813,000 after buying an additional 25,249 shares in the last quarter. 90.54% of the stock is owned by institutional investors.

Moody’s Company Profile (NYSE:MCO)

Moody's Corporation provides credit ratings; and credit, capital markets, and economic 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, such as various corporate and governmental obligations, structured finance securities, and commercial paper programs.

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