Moody’s Co. (NYSE:MCO) has received a consensus recommendation of “Buy” from the fourteen research firms that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $290.75.
MCO has been the topic of a number of analyst reports. BMO Capital Markets upped their target price on shares of Moody’s from $285.00 to $298.00 and gave the stock an “outperform” rating in a report on Monday, June 8th. UBS Group upped their target price on shares of Moody’s from $344.00 to $358.00 and gave the stock a “buy” rating in a report on Friday. Morgan Stanley reduced their price objective on shares of Moody’s from $278.00 to $275.00 and set an “equal weight” rating for the company in a research report on Friday. Zacks Investment Research raised shares of Moody’s from a “hold” rating to a “buy” rating and set a $298.00 price objective for the company in a research report on Tuesday, July 7th. Finally, Oppenheimer began coverage on shares of Moody’s in a research report on Monday, May 18th. They issued an “outperform” rating and a $290.00 price objective for the company.
Shares of NYSE MCO traded down $2.47 during trading on Friday, hitting $281.30. 925,639 shares of the company traded hands, compared to its average volume of 575,974. The company has a debt-to-equity ratio of 9.17, a quick ratio of 1.70 and a current ratio of 2.10. Moody’s has a fifty-two week low of $164.19 and a fifty-two week high of $296.66. The firm has a market capitalization of $52.74 billion, a price-to-earnings ratio of 34.90, a P/E/G ratio of 3.14 and a beta of 1.19. The business’s fifty day moving average is $281.46 and its 200 day moving average is $255.09.
Moody’s (NYSE:MCO) last posted its earnings results on Thursday, July 30th. The business services provider reported $2.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.26 by $0.55. Moody’s had a net margin of 33.38% and a return on equity of 204.46%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the business posted $2.07 EPS. The firm’s revenue was up 18.2% compared to the same quarter last year. On average, analysts predict that Moody’s will post 9.07 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Wednesday, August 19th. Moody’s’s dividend payout ratio is currently 27.02%.
In other news, EVP John J. Goggins sold 17,927 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $251.94, for a total transaction of $4,516,528.38. Following the completion of the transaction, the executive vice president now directly owns 63,718 shares of the company’s stock, valued at approximately $16,053,112.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stephen T. Tulenko sold 1,500 shares of the stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $293.01, for a total transaction of $439,515.00. Following the transaction, the insider now directly owns 8,044 shares of the company’s stock, valued at $2,356,972.44. The disclosure for this sale can be found here. Insiders have sold a total of 60,727 shares of company stock valued at $16,235,465 over the last three months. Insiders own 0.79% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in MCO. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Moody’s by 2.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 92,353 shares of the business services provider’s stock worth $19,533,000 after buying an additional 2,435 shares during the period. Blue Edge Capital LLC boosted its holdings in Moody’s by 40.3% in the 1st quarter. Blue Edge Capital LLC now owns 10,840 shares of the business services provider’s stock worth $2,293,000 after buying an additional 3,111 shares during the period. Pictet & Cie Europe SA boosted its holdings in Moody’s by 18.7% in the 1st quarter. Pictet & Cie Europe SA now owns 8,808 shares of the business services provider’s stock worth $1,863,000 after buying an additional 1,388 shares during the period. Wellington Management Group LLP boosted its holdings in Moody’s by 55.3% in the 1st quarter. Wellington Management Group LLP now owns 103,525 shares of the business services provider’s stock worth $21,895,000 after buying an additional 36,869 shares during the period. Finally, Cigna Investments Inc. New boosted its holdings in Moody’s by 9.2% in the 1st quarter. Cigna Investments Inc. New now owns 4,746 shares of the business services provider’s stock worth $1,004,000 after buying an additional 400 shares during the period. 90.27% of the stock is owned by hedge funds and other institutional investors.
Moody’s Company Profile
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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