Barclays Reaffirms Buy Rating for Moody’s (NYSE:MCO)

Moody’s (NYSE:MCO)‘s stock had its “buy” rating reaffirmed by analysts at Barclays in a research report issued to clients and investors on Sunday, AnalystRatings.com reports.

Other research analysts have also recently issued reports about the company. JPMorgan Chase & Co. boosted their target price on Moody’s from $220.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday. Wells Fargo & Co upped their price objective on Moody’s from $170.00 to $195.00 and gave the stock a “market perform” rating in a research report on Thursday, April 25th. UBS Group upped their price objective on Moody’s from $200.00 to $215.00 and gave the stock a “neutral” rating in a research report on Thursday. Stifel Nicolaus upped their price objective on Moody’s from $214.00 to $228.00 and gave the stock a “hold” rating in a research report on Thursday. Finally, Morgan Stanley upped their price objective on Moody’s from $150.00 to $164.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. Moody’s has an average rating of “Hold” and an average price target of $196.30.

MCO traded down $1.75 on Friday, hitting $214.30. 866,481 shares of the company were exchanged, compared to its average volume of 677,365. Moody’s has a twelve month low of $129.26 and a twelve month high of $220.68. The stock has a market capitalization of $40.96 billion, a P/E ratio of 29.00, a price-to-earnings-growth ratio of 2.09 and a beta of 1.26. The company has a current ratio of 1.71, a quick ratio of 1.45 and a debt-to-equity ratio of 9.38. The business has a 50-day moving average price of $200.29.

Moody’s (NYSE:MCO) last released its earnings results on Wednesday, July 31st. The business services provider reported $2.07 EPS 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 firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the firm posted $2.04 EPS. Moody’s’s revenue for the quarter was up 3.3% on a year-over-year basis. Research analysts forecast that Moody’s will post 8.02 earnings per share for the current fiscal year.

In other Moody’s news, SVP Melanie Hughes sold 3,039 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $197.52, for a total transaction of $600,263.28. Following the completion of the sale, the senior vice president now directly owns 3,912 shares of the company’s stock, valued at approximately $772,698.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John J. Goggins sold 21,593 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $188.25, for a total value of $4,064,882.25. Following the sale, the executive vice president now directly owns 87,352 shares of the company’s stock, valued at $16,444,014. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 155,354 shares of company stock valued at $29,451,615. Insiders own 0.90% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. University of Texas Texas AM Investment Managment Co. purchased a new position in shares of Moody’s during the 1st quarter worth approximately $36,000. Resources Investment Advisors Inc. purchased a new position in shares of Moody’s during the 1st quarter worth approximately $40,000. Ibex Wealth Advisors purchased a new position in shares of Moody’s during the 2nd quarter worth approximately $41,000. Berman Capital Advisors LLC raised its stake in shares of Moody’s by 34.2% during the 2nd quarter. Berman Capital Advisors LLC now owns 247 shares of the business services provider’s stock worth $48,000 after buying an additional 63 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of Moody’s by 123.0% in the 1st quarter. CWM LLC now owns 310 shares of the business services provider’s stock worth $56,000 after acquiring an additional 171 shares during the period. 92.68% of the stock is owned by hedge funds and other institutional investors.

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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