Moody’s Corporation (MCO) PT Raised to $150.00 at Barclays PLC

Moody’s Corporation (NYSE:MCO) had its price objective raised by Barclays PLC from $135.00 to $150.00 in a research note released on Friday morning. They currently have an equal weight rating on the business services provider’s stock.

Other analysts also recently issued research reports about the company. Zacks Investment Research upgraded Moody’s Corporation from a hold rating to a buy rating and set a $148.00 price objective on the stock in a report on Thursday, August 17th. BMO Capital Markets boosted their price objective on Moody’s Corporation from $124.00 to $127.00 and gave the stock a market perform rating in a report on Friday, July 14th. UBS AG restated a neutral rating and set a $138.00 price objective (up previously from $121.00) on shares of Moody’s Corporation in a report on Tuesday, July 25th. Cantor Fitzgerald restated a neutral rating and set a $128.00 price objective (up previously from $116.00) on shares of Moody’s Corporation in a report on Monday, July 24th. Finally, Morgan Stanley restated an equal weight rating and set a $131.00 price objective (up previously from $122.00) on shares of Moody’s Corporation in a report on Tuesday, July 25th. Six research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Hold and a consensus price target of $138.86.

Shares of Moody’s Corporation (MCO) opened at 136.76 on Friday. The stock has a market capitalization of $26.13 billion, a P/E ratio of 54.95 and a beta of 1.30. The stock’s 50 day moving average is $132.16 and its 200-day moving average is $121.49. Moody’s Corporation has a one year low of $93.51 and a one year high of $136.99.

Moody’s Corporation (NYSE:MCO) last posted its quarterly earnings data on Friday, July 21st. The business services provider reported $1.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.18. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $968.78 million. Moody’s Corporation had a negative return on equity of 167.31% and a net margin of 12.63%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.30 EPS. On average, equities research analysts expect that Moody’s Corporation will post $5.63 EPS for the current year.

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The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Tuesday, August 22nd were issued a $0.38 dividend. The ex-dividend date of this dividend was Friday, August 18th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.11%. Moody’s Corporation’s dividend payout ratio is 61.29%.

In other news, insider Raymond W. Mcdaniel sold 61,666 shares of the company’s stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $123.23, for a total value of $7,599,101.18. Following the transaction, the insider now owns 308,760 shares in the company, valued at approximately $38,048,494.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Darrell Duffie sold 500 shares of the company’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $121.64, for a total value of $60,820.00. Following the completion of the transaction, the director now owns 22,268 shares in the company, valued at approximately $2,708,679.52. The disclosure for this sale can be found here. Insiders sold a total of 152,598 shares of company stock worth $19,560,320 in the last quarter. 1.17% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Moody’s Corporation by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 16,203,350 shares of the business services provider’s stock valued at $1,971,623,000 after purchasing an additional 463,669 shares during the period. BlackRock Inc. increased its holdings in shares of Moody’s Corporation by 1.7% in the 2nd quarter. BlackRock Inc. now owns 10,350,596 shares of the business services provider’s stock valued at $1,259,461,000 after purchasing an additional 169,560 shares during the period. State Street Corp increased its holdings in shares of Moody’s Corporation by 2.0% in the 1st quarter. State Street Corp now owns 7,581,302 shares of the business services provider’s stock valued at $849,399,000 after purchasing an additional 148,527 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Moody’s Corporation by 4.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 6,311,225 shares of the business services provider’s stock valued at $707,110,000 after purchasing an additional 260,398 shares during the period. Finally, Fiera Capital Corp increased its holdings in shares of Moody’s Corporation by 17.8% in the 2nd quarter. Fiera Capital Corp now owns 5,793,968 shares of the business services provider’s stock valued at $705,010,000 after purchasing an additional 876,210 shares during the period. Institutional investors own 88.74% of the company’s stock.

Moody’s Corporation Company Profile

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 Corporation (NYSE:MCO)

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