Moody’s Co. (NYSE:MCO) has been assigned an average recommendation of “Hold” from the thirteen brokerages that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $203.80.
Several equities analysts recently issued reports on MCO shares. JPMorgan Chase & Co. lifted their price objective on shares of Moody’s from $220.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Cantor Fitzgerald lifted their price objective on shares of Moody’s from $168.00 to $192.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Stifel Nicolaus lifted their price objective on shares of Moody’s from $214.00 to $228.00 and gave the company a “hold” rating in a report on Thursday, August 1st. BMO Capital Markets lifted their price objective on shares of Moody’s from $189.00 to $194.00 and gave the company a “market perform” rating in a report on Thursday, April 25th. Finally, Morgan Stanley lifted their price objective on shares of Moody’s from $150.00 to $164.00 and gave the company an “underweight” rating in a report on Wednesday, July 10th.
In other Moody’s news, insider Raymond W. Mcdaniel sold 55,422 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $182.23, for a total value of $10,099,551.06. Following the completion of the sale, the insider now directly owns 275,716 shares in the company, valued at $50,243,726.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Raymond W. Mcdaniel sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $198.46, for a total transaction of $1,488,450.00. Following the completion of the sale, 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. Over the last 90 days, insiders sold 101,379 shares of company stock valued at $19,615,656. 0.90% of the stock is owned by insiders.
MCO stock traded up $4.34 during trading on Friday, hitting $214.29. 577,300 shares of the company’s stock traded hands, compared to its average volume of 756,445. The firm has a market capitalization of $39.72 billion, a P/E ratio of 29.00 and a beta of 1.26. The business has a fifty day simple moving average of $205.00 and a two-hundred day simple moving average of $187.87. 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 has a 1 year low of $129.26 and a 1 year high of $220.68.
Moody’s (NYSE:MCO) last issued its quarterly earnings data on Wednesday, July 31st. The business services provider reported $2.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.98 by $0.09. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.20 billion. Moody’s had a net margin of 27.66% and a return on equity of 266.42%. Moody’s’s revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company posted $2.04 earnings per share. On average, equities research analysts predict that Moody’s will post 8.02 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th will be paid a $0.50 dividend. The ex-dividend date is Monday, August 19th. This represents a $2.00 annualized dividend and a yield of 0.93%. Moody’s’s dividend payout ratio (DPR) is 27.06%.
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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