Moody’s (NYSE:MCO) Given Outperform Rating at BMO Capital Markets

BMO Capital Markets restated their outperform rating on shares of Moody’s (NYSE:MCO) in a research note released on Thursday, The Fly reports. They currently have a $294.00 price target on the business services provider’s stock.

A number of other brokerages also recently issued reports on MCO. Barclays reaffirmed a buy rating and set a $260.00 price target on shares of Moody’s in a report on Wednesday, December 18th. Stifel Nicolaus reaffirmed a hold rating and set a $228.00 price target on shares of Moody’s in a report on Thursday, January 2nd. Morgan Stanley raised Moody’s from an underweight rating to an equal weight rating and lifted their price target for the stock from $181.00 to $224.00 in a report on Tuesday, January 7th. Wells Fargo & Co lifted their price target on Moody’s from $215.00 to $275.00 and gave the stock an equal weight rating in a report on Thursday. Finally, William Blair reaffirmed an outperform rating on shares of Moody’s in a report on Thursday, October 31st. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Moody’s presently has an average rating of Buy and a consensus target price of $251.64.

NYSE MCO traded up $5.06 during trading on Thursday, reaching $277.83. 931,939 shares of the company’s stock were exchanged, compared to its average volume of 739,963. The stock has a market cap of $51.77 billion, a P/E ratio of 40.68, a price-to-earnings-growth ratio of 2.97 and a beta of 1.21. The company has a debt-to-equity ratio of 7.50, a quick ratio of 1.42 and a current ratio of 1.42. The company has a 50 day moving average price of $253.86 and a two-hundred day moving average price of $226.77. Moody’s has a 1 year low of $166.01 and a 1 year high of $278.00.

Moody’s (NYSE:MCO) last announced its quarterly earnings results on Wednesday, February 12th. The business services provider reported $2.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.92 by $0.08. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.21 billion. Moody’s had a return on equity of 270.17% and a net margin of 28.20%. Moody’s’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.63 EPS. Research analysts forecast that Moody’s will post 8.2 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Tuesday, February 25th will be issued a $0.56 dividend. This is an increase from Moody’s’s previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Monday, February 24th. Moody’s’s payout ratio is presently 27.06%.

In other news, insider Robert Fauber sold 3,721 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $266.95, for a total value of $993,320.95. Following the completion of the sale, the insider now directly owns 49,591 shares of the company’s stock, valued at approximately $13,238,317.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John J. Goggins sold 7,673 shares of the business’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $259.88, for a total value of $1,994,059.24. Following the completion of the sale, the executive vice president now directly owns 49,578 shares of the company’s stock, valued at $12,884,330.64. The disclosure for this sale can be found here. Insiders sold a total of 19,902 shares of company stock valued at $5,004,457 over the last three months. Company insiders own 0.90% of the company’s stock.

Several institutional investors have recently bought and sold shares of MCO. Millennium Management LLC lifted its holdings in shares of Moody’s by 1,070.3% in the 3rd quarter. Millennium Management LLC now owns 809,834 shares of the business services provider’s stock valued at $165,878,000 after purchasing an additional 740,633 shares during the last quarter. Investec Asset Management LTD lifted its holdings in shares of Moody’s by 18.5% in the 4th quarter. Investec Asset Management LTD now owns 2,521,335 shares of the business services provider’s stock valued at $598,590,000 after purchasing an additional 393,988 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Moody’s by 94.5% in the 4th quarter. Renaissance Technologies LLC now owns 371,422 shares of the business services provider’s stock valued at $88,179,000 after purchasing an additional 180,422 shares during the last quarter. Windacre Partnership LLC raised its stake in Moody’s by 9.1% during the 3rd quarter. Windacre Partnership LLC now owns 1,791,000 shares of the business services provider’s stock valued at $366,851,000 after acquiring an additional 149,000 shares during the last quarter. Finally, Fiera Capital Corp raised its stake in Moody’s by 2.2% during the 4th quarter. Fiera Capital Corp now owns 6,567,850 shares of the business services provider’s stock valued at $1,559,273,000 after acquiring an additional 144,262 shares during the last quarter. 90.50% of the stock is owned by institutional investors and hedge funds.

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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The Fly

Analyst Recommendations for Moody`s (NYSE:MCO)

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