Cantor Fitzgerald Reaffirms “Hold” Rating for Moody's (NYSE:MCO)

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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About Moody's

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.

Analyst Recommendations for Moody's (NYSE:MCO)

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