Moody’s Co. (MCO) Given Consensus Recommendation of “Hold” by Analysts

Shares of Moody’s Co. (NYSE:MCO) have been given a consensus rating of “Hold” by the fifteen brokerages that are currently covering the stock, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $176.91.

MCO has been the subject of several recent research reports. UBS Group decreased their price objective on Moody’s from $192.00 to $189.00 and set a “neutral” rating for the company in a report on Friday, September 21st. Zacks Investment Research upgraded Moody’s from a “sell” rating to a “hold” rating in a report on Friday, October 5th. ValuEngine downgraded Moody’s from a “buy” rating to a “hold” rating in a report on Wednesday, October 3rd. William Blair reiterated a “buy” rating on shares of Moody’s in a report on Sunday, August 12th. Finally, Cantor Fitzgerald decreased their price target on Moody’s to $145.00 and set a “neutral” rating for the company in a report on Monday, October 29th.

Shares of Moody’s stock traded down $0.56 during midday trading on Friday, reaching $150.20. The company had a trading volume of 24,986 shares, compared to its average volume of 1,598,635. The company has a debt-to-equity ratio of 7.40, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a market cap of $28.89 billion, a P/E ratio of 24.74, a P/E/G ratio of 1.86 and a beta of 1.21. Moody’s has a fifty-two week low of $139.11 and a fifty-two week high of $187.98.

Moody’s (NYSE:MCO) last posted its quarterly earnings data on Friday, October 26th. The business services provider reported $1.69 EPS for the quarter, missing the Zacks’ consensus estimate 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%. Moody’s’s revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.52 earnings per share. Equities analysts anticipate that Moody’s will post 7.55 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 12th. Shareholders of record on Wednesday, November 21st will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.17%. The ex-dividend date is Tuesday, November 20th. Moody’s’s dividend payout ratio (DPR) is currently 29.00%.

In other news, SVP Blair Worrall sold 5,561 shares of the firm’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $147.43, for a total value of $819,858.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.00% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pinnacle Financial Partners Inc. bought a new position in Moody’s during the 3rd quarter valued at approximately $129,000. Flagship Harbor Advisors LLC bought a new position in Moody’s during the 2nd quarter valued at approximately $140,000. Stratos Wealth Partners LTD. bought a new position in Moody’s during the 3rd quarter valued at approximately $161,000. Ancora Advisors LLC bought a new stake in shares of Moody’s in the 3rd quarter worth $184,000. Finally, Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in shares of Moody’s in the 3rd quarter worth $192,000. Institutional investors own 88.40% of the company’s stock.

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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