Cantor Fitzgerald reaffirmed their hold rating on shares of Moody's (NYSE:MCO) in a report released on Sunday, November 19th. Cantor Fitzgerald currently has a $148.00 target price on the business services provider’s stock.
A number of other brokerages have also commented on MCO. Argus lifted their price target on Moody's to $165.00 and gave the company a buy rating in a research note on Thursday, November 9th. UBS restated a neutral rating and set a $138.00 price objective (up from $121.00) on shares of Moody's in a research report on Tuesday, July 25th. Credit Suisse Group restated a neutral rating and set a $137.00 price objective (up from $131.00) on shares of Moody's in a research report on Wednesday, August 30th. They noted that the move was a valuation call. BMO Capital Markets raised their price objective on Moody's from $143.00 to $146.00 and gave the stock a market perform rating in a research report on Monday, November 6th. Finally, Piper Jaffray Companies restated a hold rating and set a $149.00 price objective (up from $140.00) on shares of Moody's in a research report on Wednesday, October 4th. Six analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Buy and an average price target of $151.89.
Moody's (NYSE:MCO) traded down $0.54 on Friday, hitting $151.73. The stock had a trading volume of 801,918 shares, compared to its average volume of 838,620. The firm has a market cap of $29,090.00, a price-to-earnings ratio of 26.54, a P/E/G ratio of 2.70 and a beta of 1.36. Moody's has a 12 month low of $93.51 and a 12 month high of $153.86. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of -32.57.
Moody's (NYSE:MCO) last released its quarterly earnings data on Friday, November 3rd. The business services provider reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.15. Moody's had a negative return on equity of 187.20% and a net margin of 13.73%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $992.81 million. During the same period last year, the firm posted $1.34 earnings per share. Moody's’s revenue was up 15.9% compared to the same quarter last year. equities analysts anticipate that Moody's will post 5.94 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Monday, November 20th. This represents a $1.52 annualized dividend and a dividend yield of 1.00%. Moody's’s dividend payout ratio is 54.68%.
In other Moody's news, Director Darrell Duffie sold 500 shares of the business’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $138.41, for a total value of $69,205.00. Following the transaction, the director now owns 21,804 shares of the company’s stock, valued at $3,017,891.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ewald Kist sold 4,000 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $142.00, for a total value of $568,000.00. The disclosure for this sale can be found here. Insiders own 1.17% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Grove Bank & Trust raised its stake in shares of Moody's by 156.7% during the 3rd quarter. Grove Bank & Trust now owns 901 shares of the business services provider’s stock valued at $125,000 after purchasing an additional 550 shares during the period. IFP Advisors Inc boosted its holdings in shares of Moody's by 78.1% in the 2nd quarter. IFP Advisors Inc now owns 1,145 shares of the business services provider’s stock worth $139,000 after purchasing an additional 502 shares in the last quarter. Sun Life Financial INC boosted its holdings in shares of Moody's by 12,200.0% in the 2nd quarter. Sun Life Financial INC now owns 1,230 shares of the business services provider’s stock worth $150,000 after purchasing an additional 1,220 shares in the last quarter. Salem Investment Counselors Inc. boosted its holdings in shares of Moody's by 0.6% in the 2nd quarter. Salem Investment Counselors Inc. now owns 1,346 shares of the business services provider’s stock worth $164,000 after purchasing an additional 8 shares in the last quarter. Finally, Smithfield Trust Co. boosted its holdings in Moody's by 6.7% during the 2nd quarter. Smithfield Trust Co. now owns 1,427 shares of the business services provider’s stock valued at $174,000 after acquiring an additional 90 shares during the period. 87.49% of the stock is currently owned by institutional investors and hedge funds.
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Moody’s Corporation (Moody’s) is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services, quantitative credit risk measures, financial services training and certification services, and research and analytical services to financial institution customers.
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