Moody’s Corporation (MCO) Upgraded by Barclays PLC to Overweight

Barclays PLC upgraded shares of Moody’s Corporation (NYSE:MCO) from an equal weight rating to an overweight rating in a research report released on Friday. The brokerage currently has $165.00 target price on the business services provider’s stock, up from their previous target price of $150.00.

A number of other analysts also recently commented on MCO. Cantor Fitzgerald reiterated a neutral rating and set a $128.00 target price (up from $116.00) on shares of Moody’s Corporation in a research report on Monday, July 24th. Morgan Stanley reiterated an equal weight rating and set a $131.00 target price (up from $122.00) on shares of Moody’s Corporation in a research report on Tuesday, July 25th. UBS AG reiterated a neutral rating and set a $138.00 target price (up from $121.00) on shares of Moody’s Corporation in a research report on Tuesday, July 25th. Zacks Investment Research downgraded Moody’s Corporation from a buy rating to a hold rating in a research report on Wednesday, August 16th. Finally, Credit Suisse Group reiterated a neutral rating and set a $137.00 target price (up from $131.00) on shares of Moody’s Corporation in a research report on Wednesday, August 30th. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $151.89.

Moody’s Corporation (NYSE:MCO) traded up $2.70 on Friday, reaching $146.79. The company’s stock had a trading volume of 942,370 shares, compared to its average volume of 701,963. The company has a debt-to-equity ratio of -32.57, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a market capitalization of $28,560.00, a P/E ratio of 24.98, a price-to-earnings-growth ratio of 2.54 and a beta of 1.35. Moody’s Corporation has a one year low of $93.51 and a one year high of $148.00.

Moody’s Corporation (NYSE:MCO) last posted its earnings results on Friday, November 3rd. The business services provider reported $1.52 EPS for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.15. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $992.81 million. Moody’s Corporation had a negative return on equity of 187.20% and a net margin of 13.73%. Moody’s Corporation’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.34 earnings per share. equities analysts anticipate that Moody’s Corporation will post 5.94 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st will be given a $0.38 dividend. The ex-dividend date of this dividend is Monday, November 20th. This represents a $1.52 annualized dividend and a dividend yield of 1.04%. Moody’s Corporation’s dividend payout ratio is currently 54.68%.

In other news, insider Raymond W. Mcdaniel sold 45,216 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $134.16, for a total value of $6,066,178.56. Following the sale, the insider now directly owns 292,310 shares in the company, valued at $39,216,309.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Darrell Duffie sold 500 shares of the company’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $138.41, for a total value of $69,205.00. Following the completion of the sale, the director now owns 21,804 shares in the company, valued at $3,017,891.64. The disclosure for this sale can be found here. 1.17% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MCO. Dimensional Fund Advisors LP lifted its position in Moody’s Corporation by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 356,971 shares of the business services provider’s stock worth $39,992,000 after buying an additional 9,536 shares during the period. Creative Planning lifted its position in Moody’s Corporation by 1.7% during the second quarter. Creative Planning now owns 7,826 shares of the business services provider’s stock worth $952,000 after buying an additional 130 shares during the period. State of Alaska Department of Revenue lifted its position in Moody’s Corporation by 106.9% during the second quarter. State of Alaska Department of Revenue now owns 2,090 shares of the business services provider’s stock worth $254,000 after buying an additional 1,080 shares during the period. Eqis Capital Management Inc. lifted its position in Moody’s Corporation by 15.3% during the second quarter. Eqis Capital Management Inc. now owns 3,276 shares of the business services provider’s stock worth $399,000 after buying an additional 435 shares during the period. Finally, LS Investment Advisors LLC lifted its position in Moody’s Corporation by 2.7% during the second quarter. LS Investment Advisors LLC now owns 5,269 shares of the business services provider’s stock worth $641,000 after buying an additional 140 shares during the period. Hedge funds and other institutional investors own 88.50% 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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