Moody’s (NYSE:MCO) Given New $215.00 Price Target at UBS Group

Moody’s (NYSE:MCO) had its price target hoisted by stock analysts at UBS Group from $200.00 to $215.00 in a research note issued on Thursday, BenzingaRatingsTable reports. The firm presently has a “neutral” rating on the business services provider’s stock. UBS Group’s price target would suggest a potential upside of 0.33% from the stock’s previous close.

MCO has been the subject of several other research reports. Cantor Fitzgerald raised their target price on Moody’s from $168.00 to $192.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Morgan Stanley raised their target price on Moody’s from $150.00 to $164.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 10th. BMO Capital Markets raised their target price on Moody’s from $189.00 to $194.00 and gave the stock a “market perform” rating in a research report on Thursday, April 25th. Stifel Nicolaus raised their target price on Moody’s from $214.00 to $228.00 and gave the stock a “hold” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. initiated coverage on Moody’s in a research report on Wednesday, July 10th. They set an “overweight” rating and a $220.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. Moody’s presently has an average rating of “Hold” and an average price target of $196.30.

Shares of NYSE:MCO traded down $1.75 during trading on Thursday, hitting $214.30. 866,481 shares of the stock were exchanged, compared to its average volume of 598,213. Moody’s has a 1-year low of $129.26 and a 1-year high of $220.68. The stock has a market capitalization of $40.64 billion, a P/E ratio of 29.00, a price-to-earnings-growth ratio of 2.08 and a beta of 1.26. The company has a fifty day moving average price of $200.29. The company has a quick ratio of 1.45, a current ratio of 1.71 and a debt-to-equity ratio of 9.38.

Moody’s (NYSE:MCO) last announced its quarterly earnings data on Wednesday, July 31st. The business services provider reported $2.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.98 by $0.09. Moody’s had a return on equity of 266.42% and a net margin of 27.66%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the firm earned $2.04 EPS. Moody’s’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, analysts forecast that Moody’s will post 8.01 earnings per share for the current year.

In other Moody’s news, CEO Raymond W. Mcdaniel sold 7,500 shares of Moody’s stock in a transaction on 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 approximately $42,231,097.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Melanie Hughes sold 3,039 shares of Moody’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $197.52, for a total value of $600,263.28. Following the completion of the transaction, the senior vice president now owns 3,912 shares of the company’s stock, valued at approximately $772,698.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 155,354 shares of company stock valued at $29,451,615. Corporate insiders own 0.90% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Cornerstone Advisors Inc. raised its position in shares of Moody’s by 16.5% during the first quarter. Cornerstone Advisors Inc. now owns 409 shares of the business services provider’s stock worth $74,000 after acquiring an additional 58 shares during the last quarter. Berman Capital Advisors LLC raised its position in shares of Moody’s by 34.2% during the second quarter. Berman Capital Advisors LLC now owns 247 shares of the business services provider’s stock worth $48,000 after acquiring an additional 63 shares during the last quarter. Advisory Services Network LLC raised its position in shares of Moody’s by 7.2% during the fourth quarter. Advisory Services Network LLC now owns 1,036 shares of the business services provider’s stock worth $145,000 after acquiring an additional 70 shares during the last quarter. 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 worth $779,000 after acquiring an additional 72 shares during the last quarter. Finally, Signaturefd LLC raised its position in shares of Moody’s by 6.5% during the second quarter. Signaturefd LLC now owns 1,250 shares of the business services provider’s stock worth $244,000 after acquiring an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 92.68% of the company’s stock.

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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