Moody’s Co. (NYSE:MCO) Receives $203.80 Consensus Target Price from Brokerages

Moody’s Co. (NYSE:MCO) has been assigned a consensus recommendation of “Hold” from the thirteen ratings firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $203.80.

A number of brokerages have recently commented on MCO. Morgan Stanley lifted their price target on Moody’s from $150.00 to $164.00 and gave the company an “underweight” rating in a research note on Wednesday, July 10th. Cantor Fitzgerald lifted their price target on Moody’s from $168.00 to $192.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Argus lifted their price target on Moody’s to $240.00 and gave the company a “buy” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. lifted their price target on Moody’s from $220.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Finally, UBS Group lifted their price target on Moody’s from $200.00 to $215.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st.

In other news, insider Robert Fauber sold 3,721 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $212.71, for a total transaction of $791,493.91. Following the completion of the transaction, the insider now directly owns 48,382 shares in the company, valued at $10,291,335.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Raymond W. Mcdaniel sold 7,500 shares of the firm’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 transaction, the chief executive officer now owns 212,794 shares of the company’s stock, valued at $42,231,097.24. The disclosure for this sale can be found here. Insiders have sold 101,379 shares of company stock valued at $19,615,656 over the last 90 days. 0.90% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of Moody’s by 9.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 493,989 shares of the business services provider’s stock worth $69,179,000 after acquiring an additional 41,661 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Moody’s by 20.6% in the fourth quarter. Geode Capital Management LLC now owns 2,402,887 shares of the business services provider’s stock valued at $335,962,000 after purchasing an additional 410,864 shares during the period. Raymond James Trust N.A. boosted its stake in Moody’s by 22.1% during the 1st quarter. Raymond James Trust N.A. now owns 2,353 shares of the business services provider’s stock valued at $426,000 after acquiring an additional 426 shares during the last quarter. IFM Investors Pty Ltd boosted its stake in Moody’s by 8.0% during the 1st quarter. IFM Investors Pty Ltd now owns 10,762 shares of the business services provider’s stock valued at $1,949,000 after acquiring an additional 795 shares during the last quarter. Finally, Pennsylvania Trust Co boosted its stake in Moody’s by 0.9% during the 1st quarter. Pennsylvania Trust Co now owns 36,433 shares of the business services provider’s stock valued at $6,598,000 after acquiring an additional 315 shares during the last quarter. Institutional investors own 91.79% of the company’s stock.

Shares of MCO stock traded up $2.77 during mid-day trading on Friday, reaching $219.41. 104,173 shares of the stock traded hands, compared to its average volume of 760,035. The stock’s fifty day simple moving average is $206.56 and its two-hundred day simple moving average is $188.57. Moody’s has a 1-year low of $129.26 and a 1-year high of $220.68. The company has a market cap of $41.33 billion, a price-to-earnings ratio of 29.69 and a beta of 1.26. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 10.04.

Moody’s (NYSE:MCO) last announced its quarterly earnings results on Wednesday, July 31st. The business services provider reported $2.07 EPS for the quarter, beating the Zacks’ 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 for the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the firm posted $2.04 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities research analysts anticipate that Moody’s will post 8.02 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, August 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.91%. Moody’s’s dividend payout ratio (DPR) is 27.06%.

Moody’s Company Profile

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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