Moody’s Co. (MCO) Receives $176.45 Average Target Price from Analysts

Moody’s Co. (NYSE:MCO) has earned an average recommendation of “Hold” from the fifteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $176.45.

A number of brokerages have commented on MCO. Barclays reissued a “buy” rating and issued a $175.00 price objective on shares of Moody’s in a research note on Sunday, December 9th. Wells Fargo & Co reduced their price objective on Moody’s from $172.00 to $170.00 and set a “market perform” rating for the company in a research note on Tuesday, October 30th. Goldman Sachs Group began coverage on Moody’s in a research note on Wednesday, November 14th. They issued a “neutral” rating and a $165.00 price objective for the company. Morgan Stanley reduced their price objective on Moody’s from $171.00 to $156.00 and set a “hold” rating for the company in a research note on Monday, October 29th. Finally, Cantor Fitzgerald reduced their price objective on Moody’s to $145.00 and set a “neutral” rating for the company in a research note on Monday, October 29th.

In related news, SVP Blair Worrall sold 5,561 shares of Moody’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 transaction of $819,858.23. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc boosted its position in shares of Moody’s by 0.3% during the third quarter. Vanguard Group Inc now owns 16,870,550 shares of the business services provider’s stock valued at $2,820,756,000 after buying an additional 55,968 shares during the last quarter. IMS Capital Management purchased a new position in shares of Moody’s during the third quarter valued at approximately $59,000. Marshall Wace North America L.P. boosted its position in shares of Moody’s by 2,334.9% during the third quarter. Marshall Wace North America L.P. now owns 49,307 shares of the business services provider’s stock valued at $8,244,000 after buying an additional 47,282 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Moody’s during the third quarter valued at approximately $28,057,000. Finally, Matthew Goff Investment Advisor LLC purchased a new position in shares of Moody’s during the third quarter valued at approximately $200,000. 87.72% of the stock is currently owned by institutional investors.

Shares of Moody’s stock opened at $145.52 on Tuesday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 7.40. Moody’s has a 52 week low of $139.11 and a 52 week high of $187.98. The company has a market capitalization of $27.88 billion, a price-to-earnings ratio of 23.97, a PEG ratio of 1.79 and a beta of 1.22.

Moody’s (NYSE:MCO) last announced 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). Moody’s had a net margin of 23.85% and a return on equity of 412.48%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the business posted $1.52 EPS. The company’s revenue was up 1.7% on a year-over-year basis. As a group, research analysts predict that Moody’s will post 7.55 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 12th. Investors of record on Wednesday, November 21st were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Tuesday, November 20th. This represents a $1.76 annualized dividend and a dividend yield of 1.21%. Moody’s’s payout ratio is 29.00%.

Moody’s Company Profile

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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