Moody’s (MCO) Price Target Cut to $156.00 by Analysts at Morgan Stanley

Moody’s (NYSE:MCO) had its price target reduced by Morgan Stanley from $171.00 to $156.00 in a research note issued to investors on Monday. Morgan Stanley currently has a hold rating on the business services provider’s stock.

A number of other analysts have also recently commented on MCO. Nomura lowered their target price on shares of Moody’s from $195.00 to $193.00 and set a buy rating for the company in a research note on Monday, July 9th. Zacks Investment Research cut shares of Moody’s from a hold rating to a sell rating in a research note on Tuesday, July 10th. BMO Capital Markets lifted their target price on shares of Moody’s from $179.00 to $183.00 and gave the stock a market perform rating in a research note on Monday, July 30th. Stifel Nicolaus lifted their target price on shares of Moody’s from $170.00 to $188.00 and gave the stock a hold rating in a research note on Monday, July 30th. Finally, Wells Fargo & Co lifted their target price on shares of Moody’s from $160.00 to $172.00 and gave the stock a market perform rating in a research note on Monday, July 30th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $178.45.

MCO stock traded down $0.50 during trading on Monday, reaching $140.76. The company had a trading volume of 46,927 shares, compared to its average volume of 1,311,290. The stock has a market capitalization of $27.18 billion, a PE ratio of 23.22, a price-to-earnings-growth ratio of 1.63 and a beta of 1.09. The company has a quick ratio of 1.54, a current ratio of 1.38 and a debt-to-equity ratio of 8.17. Moody’s has a twelve month low of $139.36 and a twelve month high of $187.98.



Moody’s (NYSE:MCO) last released its earnings results on Friday, October 26th. The business services provider reported $1.69 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.09). The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.13 billion. Moody’s had a return on equity of 412.48% and a net margin of 23.85%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the business earned $1.52 earnings per share. On average, equities research analysts expect that Moody’s will post 7.6 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Shareholders of record on Wednesday, November 21st will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Tuesday, November 20th. Moody’s’s dividend payout ratio is presently 29.00%.

In other Moody’s news, CFO Linda Huber purchased 915 shares of Moody’s stock in a transaction on Monday, August 6th. The stock was bought at an average cost of $172.31 per share, with a total value of $157,663.65. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.00% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its holdings in shares of Moody’s by 1.0% during the 2nd quarter. BlackRock Inc. now owns 11,042,889 shares of the business services provider’s stock valued at $1,883,479,000 after purchasing an additional 114,722 shares in the last quarter. Fiera Capital Corp increased its holdings in shares of Moody’s by 1.2% during the 2nd quarter. Fiera Capital Corp now owns 5,625,706 shares of the business services provider’s stock valued at $959,521,000 after purchasing an additional 65,798 shares in the last quarter. FMR LLC increased its holdings in shares of Moody’s by 7.2% during the 2nd quarter. FMR LLC now owns 2,424,897 shares of the business services provider’s stock valued at $413,590,000 after purchasing an additional 162,065 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Moody’s by 16.8% during the 2nd quarter. Janus Henderson Group PLC now owns 1,371,496 shares of the business services provider’s stock valued at $233,923,000 after purchasing an additional 197,431 shares in the last quarter. Finally, AGF Investments Inc. increased its holdings in shares of Moody’s by 6.8% during the 2nd quarter. AGF Investments Inc. now owns 1,055,579 shares of the business services provider’s stock valued at $180,040,000 after purchasing an additional 67,147 shares in the last quarter. 88.01% of the stock is owned by institutional investors.

About Moody’s

Moody's Corporation provides credit ratings; and credit, capital markets, and economic related 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 comprising 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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