Moody’s (NYSE:MCO) Price Target Raised to $164.00

Moody’s (NYSE:MCO) had its price objective raised by Morgan Stanley from $150.00 to $164.00 in a report published on Wednesday, Stock Target Advisor reports. They currently have an underweight rating on the business services provider’s stock.

MCO has been the topic of several other research reports. UBS Group increased their price target on shares of Willis Towers Watson from $202.00 to $220.00 and gave the stock a buy rating in a research note on Wednesday. ValuEngine raised shares of Yara International ASA from a sell rating to a hold rating in a research note on Tuesday, March 19th. Wells Fargo & Co upgraded shares of California Water Service Group to a market perform rating in a report on Thursday, April 25th. BMO Capital Markets raised shares of Gold Fields from a market perform rating to an outperform rating in a research report on Thursday, April 25th. Finally, JPMorgan Chase & Co. set a GBX 3,200 ($41.81) target price on shares of Diageo and gave the stock a neutral rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. Moody’s currently has a consensus rating of Hold and an average price target of $189.18.

Shares of NYSE MCO opened at $205.31 on Wednesday. The company has a market cap of $38.93 billion, a PE ratio of 27.78, a price-to-earnings-growth ratio of 1.97 and a beta of 1.25. The firm has a 50 day moving average price of $192.86. Moody’s has a 52 week low of $129.26 and a 52 week high of $205.34. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 17.70.

Moody’s (NYSE:MCO) last issued its quarterly earnings data on Wednesday, April 24th. The business services provider reported $2.07 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.19. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. Moody’s had a net margin of 29.38% and a return on equity of 281.55%. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.02 earnings per share. Analysts predict that Moody’s will post 7.94 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Monday, August 19th. Moody’s’s dividend payout ratio is 27.06%.

In other news, insider Raymond W. Mcdaniel sold 55,422 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $182.23, for a total value of $10,099,551.06. Following the sale, the insider now directly owns 275,716 shares of the company’s stock, valued at $50,243,726.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Raymond W. Mcdaniel sold 7,500 shares of Moody’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $198.46, for a total value of $1,488,450.00. Following the completion of the transaction, the chief executive officer now owns 212,794 shares in the company, valued at $42,231,097.24. The disclosure for this sale can be found here. In the last three months, insiders sold 147,854 shares of company stock worth $27,854,940. Insiders own 0.90% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cornerstone Advisors Inc. raised its stake in Moody’s by 16.5% during the 1st quarter. Cornerstone Advisors Inc. now owns 409 shares of the business services provider’s stock valued at $74,000 after purchasing an additional 58 shares during the last quarter. Advisory Services Network LLC increased its holdings in shares of Moody’s by 7.2% during the 4th quarter. Advisory Services Network LLC now owns 1,036 shares of the business services provider’s stock worth $145,000 after purchasing an additional 70 shares during the period. Wetherby Asset Management Inc. raised its position in shares of Moody’s by 1.7% during the first quarter. Wetherby Asset Management Inc. now owns 4,304 shares of the business services provider’s stock valued at $779,000 after buying an additional 72 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Moody’s by 0.7% during the second quarter. Crossmark Global Holdings Inc. now owns 11,462 shares of the business services provider’s stock valued at $2,239,000 after buying an additional 81 shares during the last quarter. Finally, HighPoint Advisor Group LLC lifted its stake in shares of Moody’s by 5.6% in the first quarter. HighPoint Advisor Group LLC now owns 1,576 shares of the business services provider’s stock valued at $303,000 after buying an additional 83 shares during the period. 92.80% of the stock is owned by institutional investors and hedge funds.

About Moody’s

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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Analyst Recommendations for Moody`s (NYSE:MCO)

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