Moody’s (NYSE:MCO) had its target price boosted by UBS Group from $344.00 to $358.00 in a report issued on Friday, BenzingaRatingsTable reports. The brokerage presently has a “buy” rating on the business services provider’s stock. UBS Group’s price target would suggest a potential upside of 27.27% from the company’s previous close.
A number of other equities analysts have also commented on MCO. Wells Fargo & Co lifted their price target on shares of Moody’s from $210.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. 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 target on the stock. BMO Capital Markets raised their price objective on shares of Moody’s from $285.00 to $298.00 and gave the stock an “outperform” rating in a research note on Monday, June 8th. Zacks Investment Research upgraded shares of Moody’s from a “hold” rating to a “buy” rating and set a $298.00 price objective on the stock in a research note on Tuesday, July 7th. Finally, Morgan Stanley lowered their price objective on shares of Moody’s from $278.00 to $275.00 and set an “equal weight” rating on the stock in a research note on Friday. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $290.75.
NYSE:MCO opened at $281.30 on Friday. Moody’s has a 12 month low of $164.19 and a 12 month high of $296.66. The firm has a market cap of $52.74 billion, a price-to-earnings ratio of 29.03, a P/E/G ratio of 3.14 and a beta of 1.19. The company has a quick ratio of 1.70, a current ratio of 2.10 and a debt-to-equity ratio of 9.17. The company’s 50 day moving average is $281.46 and its 200-day moving average is $255.09.
Moody’s (NYSE:MCO) last released its quarterly earnings results on Thursday, July 30th. The business services provider reported $2.81 EPS for the quarter, beating 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 last year, the firm posted $2.07 earnings per share. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. Research analysts predict that Moody’s will post 9.07 EPS for the current fiscal year.
In other Moody’s news, insider Stephen T. Tulenko sold 1,500 shares of Moody’s stock in a transaction 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 sale, the insider now owns 8,044 shares in the company, valued at $2,356,972.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephen T. Tulenko sold 2,000 shares of Moody’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $253.22, for a total transaction of $506,440.00. Following the sale, the insider now owns 11,544 shares in the company, valued at approximately $2,923,171.68. The disclosure for this sale can be found here. Insiders have sold 60,727 shares of company stock worth $16,235,465 in the last quarter. Corporate insiders own 0.79% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of MCO. Fred Alger Management LLC acquired a new stake in shares of Moody’s in the 1st quarter valued at $26,000. Jacobi Capital Management LLC boosted its stake in shares of Moody’s by 941.7% in the 2nd quarter. Jacobi Capital Management LLC now owns 1,000 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 904 shares in the last quarter. Allred Capital Management LLC boosted its stake in shares of Moody’s by 42.4% in the 1st quarter. Allred Capital Management LLC now owns 141 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 42 shares in the last quarter. MBE Wealth Management LLC acquired a new stake in shares of Moody’s in the 1st quarter valued at $44,000. Finally, EPG Wealth Management LLC boosted its stake in shares of Moody’s by 132.4% in the 1st quarter. EPG Wealth Management LLC now owns 244 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 139 shares in the last quarter. Hedge funds and other institutional investors own 90.27% of the company’s stock.
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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