Moody’s (MCO) – Research Analysts’ Recent Ratings Updates

Moody’s (NYSE: MCO) has recently received a number of price target changes and ratings updates:

  • 4/25/2019 – Moody’s had its price target raised by analysts at Cantor Fitzgerald from $168.00 to $192.00. They now have a “neutral” rating on the stock.
  • 4/25/2019 – Moody’s had its price target raised by analysts at Wells Fargo & Co from $170.00 to $195.00. They now have a “market perform” rating on the stock.
  • 4/25/2019 – Moody’s had its price target raised by analysts at BMO Capital Markets from $189.00 to $194.00. They now have a “market perform” rating on the stock.
  • 4/24/2019 – Moody’s had its “hold” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $168.00 price target on the stock. They wrote, “. We maintain our Neutral rating on MCO and our $168 PT*. Moody’s reported better than expected 1Q19 results, including a slight miss in the ratings. The good news is issuance appears to be moving to steady ground (-14% y/y) after a difficult 4Q18 (-28% y/y) & analytics came in better than expected. Management maintained 2019 guidance. We look to the conference call for color on the issuance market particularly structured finance, an update on Analytics, & progress in China.””
  • 4/9/2019 – Moody’s had its price target raised by analysts at UBS Group AG from $170.00 to $198.00. They now have a “neutral” rating on the stock.
  • 4/5/2019 – Moody’s had its price target raised by analysts at Piper Jaffray Companies from $178.00 to $205.00. They now have a “neutral” rating on the stock.
  • 3/20/2019 – Moody’s had its price target raised by analysts at BMO Capital Markets to $182.00. They now have a “market perform” rating on the stock.
  • 3/19/2019 – Moody’s was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.

Moody’s stock opened at $193.23 on Friday. The company has a debt-to-equity ratio of 7.96, a quick ratio of 1.61 and a current ratio of 1.61. Moody’s Co. has a 12 month low of $129.26 and a 12 month high of $194.96. The company has a market capitalization of $35.62 billion, a price-to-earnings ratio of 26.15, a P/E/G ratio of 2.29 and a beta of 1.29.

Moody’s (NYSE:MCO) last released its quarterly earnings data on Wednesday, April 24th. The business services provider reported $2.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.88 by $0.19. Moody’s had a return on equity of 268.11% and a net margin of 29.48%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the firm posted $2.02 EPS. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. Sell-side analysts expect that Moody’s Co. will post 7.89 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 20th will be given a $0.50 dividend. The ex-dividend date is Friday, May 17th. This represents a $2.00 annualized dividend and a yield of 1.04%. Moody’s’s dividend payout ratio is presently 27.06%.

In other Moody’s news, insider Raymond W. Mcdaniel sold 44,146 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $183.95, for a total value of $8,120,656.70. Following the sale, the insider now owns 229,749 shares in the company, valued at approximately $42,262,328.55. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.90% of the company’s stock.

Large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its position in Moody’s by 0.7% during the third quarter. Bank of New York Mellon Corp now owns 1,423,853 shares of the business services provider’s stock worth $238,071,000 after buying an additional 9,246 shares during the period. Standard Life Aberdeen plc raised its holdings in Moody’s by 10.2% during the third quarter. Standard Life Aberdeen plc now owns 55,922 shares of the business services provider’s stock valued at $9,350,000 after buying an additional 5,176 shares in the last quarter. LPL Financial LLC raised its holdings in Moody’s by 39.0% during the third quarter. LPL Financial LLC now owns 10,132 shares of the business services provider’s stock valued at $1,694,000 after buying an additional 2,844 shares in the last quarter. Jane Street Group LLC bought a new position in Moody’s during the third quarter valued at about $566,000. Finally, Man Group plc raised its holdings in Moody’s by 16.0% during the third quarter. Man Group plc now owns 17,654 shares of the business services provider’s stock valued at $2,952,000 after buying an additional 2,435 shares in the last quarter. Hedge funds and other institutional investors own 94.10% 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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