Moody’s Corporation (NYSE:MCO) Receives Equal Weight Rating from Morgan Stanley

Moody’s Corporation (NYSE:MCO)‘s stock had its “equal weight” rating reissued by equities research analysts at Morgan Stanley in a note issued to investors on Tuesday, July 25th. They presently have a $131.00 price objective on the business services provider’s stock, up from their previous price objective of $122.00. Morgan Stanley’s target price indicates a potential upside of 2.54% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. Barclays PLC upped their price objective on Moody’s Corporation from $118.00 to $128.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 28th. BMO Capital Markets upped their price objective on Moody’s Corporation from $124.00 to $127.00 and gave the company a “market perform” rating in a research report on Friday, July 14th. Zacks Investment Research lowered Moody’s Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Cantor Fitzgerald reissued a “neutral” rating and set a $128.00 price target (up previously from $116.00) on shares of Moody’s Corporation in a report on Monday, July 24th. Finally, BidaskClub lowered Moody’s Corporation from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $127.13.

Shares of Moody’s Corporation (NYSE:MCO) traded up 0.67% during trading on Tuesday, hitting $127.76. The stock had a trading volume of 1,159,542 shares. The firm has a 50 day moving average price of $126.54 and a 200-day moving average price of $116.82. The stock has a market capitalization of $24.41 billion, a price-to-earnings ratio of 51.33 and a beta of 1.29. Moody’s Corporation has a 52 week low of $93.51 and a 52 week high of $135.20.

Moody’s Corporation (NYSE:MCO) last posted its quarterly earnings results on Friday, July 21st. The business services provider reported $1.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.18. Moody’s Corporation had a negative return on equity of 167.31% and a net margin of 12.63%. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $968.78 million. During the same quarter in the previous year, the business earned $1.30 earnings per share. The company’s revenue was up 7.7% on a year-over-year basis. On average, equities research analysts forecast that Moody’s Corporation will post $5.51 EPS for the current fiscal year.

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In other news, VP Linda Huber sold 13,698 shares of the company’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $119.50, for a total value of $1,636,911.00. Following the completion of the transaction, the vice president now owns 77,836 shares of the company’s stock, valued at $9,301,402. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Raymond W. Mcdaniel sold 61,667 shares of the company’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $113.35, for a total value of $6,989,954.45. Following the completion of the transaction, the insider now directly owns 308,761 shares of the company’s stock, valued at approximately $34,998,059.35. The disclosure for this sale can be found here. In the last ninety days, insiders sold 257,828 shares of company stock valued at $30,938,654. Corporate insiders own 1.17% of the company’s stock.

A number of institutional investors have recently made changes to their positions in MCO. BLS Capital Fondsmaeglerselskab A S purchased a new position in shares of Moody’s Corporation during the fourth quarter worth approximately $23,947,000. AQR Capital Management LLC raised its position in shares of Moody’s Corporation by 1.0% in the fourth quarter. AQR Capital Management LLC now owns 10,089 shares of the business services provider’s stock worth $951,000 after buying an additional 96 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Moody’s Corporation by 5.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 5,780 shares of the business services provider’s stock worth $545,000 after buying an additional 310 shares during the last quarter. Quadrature Capital Ltd raised its position in shares of Moody’s Corporation by 965.6% in the fourth quarter. Quadrature Capital Ltd now owns 84,180 shares of the business services provider’s stock worth $7,937,000 after buying an additional 76,280 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Moody’s Corporation by 0.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 187,129 shares of the business services provider’s stock worth $17,641,000 after buying an additional 900 shares during the last quarter. 88.81% of the stock is owned by institutional investors.

About Moody’s Corporation

Moody’s Corporation (Moody’s) is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services, quantitative credit risk measures, financial services training and certification services, and research and analytical services to financial institution customers.

Analyst Recommendations for Moody`s Corporation (NYSE:MCO)

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