News stories about Moody's (NYSE:MCO) have been trending somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Moody's earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave news stories about the business services provider an impact score of 45.4391429545536 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Used Car Price Decline Forecast to Slow to 1.07% in 2019, According to Moody’s Analytics (finance.yahoo.com)
- Why Is Moody's (MCO) Up 11.8% Since Its Last Earnings Report? (finance.yahoo.com)
- BRIEF-Moody’s says Malaysian Banks show solid performance In 2017 ;to continue in 2018 (feeds.reuters.com)
- Moody's Co. (MCO) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
- Brokerages Anticipate Moody's Co. (MCO) Will Post Quarterly Sales of $1.11 Billion (americanbankingnews.com)
Moody's (NYSE MCO) traded down $0.19 during midday trading on Monday, hitting $169.86. The stock had a trading volume of 609,491 shares, compared to its average volume of 858,239. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of -44.48. The company has a market cap of $32,496.56, a P/E ratio of 32.98, a P/E/G ratio of 2.01 and a beta of 1.29. Moody's has a 52-week low of $110.11 and a 52-week high of $171.68.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Tuesday, February 20th will be given a $0.44 dividend. The ex-dividend date is Friday, February 16th. This is an increase from Moody's’s previous quarterly dividend of $0.38. This represents a $1.76 dividend on an annualized basis and a yield of 1.04%. Moody's’s dividend payout ratio (DPR) is currently 34.17%.
A number of research analysts have recently commented on the company. Stifel Nicolaus assumed coverage on Moody's in a research report on Tuesday, December 19th. They set a “hold” rating and a $167.00 target price for the company. Nomura assumed coverage on Moody's in a research report on Thursday, January 11th. They set a “buy” rating and a $180.00 target price for the company. Wells Fargo & Co set a $160.00 target price on Moody's and gave the company a “market perform” rating in a research report on Monday, February 12th. Barclays upgraded Moody's from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $150.00 to $165.00 in a research report on Friday, November 17th. Finally, Argus increased their target price on Moody's to $190.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. They noted that the move was a valuation call. Eight investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $163.50.
In related news, Director Darrell Duffie sold 500 shares of the firm’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $147.93, for a total value of $73,965.00. Following the completion of the sale, the director now directly owns 21,336 shares in the company, valued at $3,156,234.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Robert Fauber sold 3,500 shares of the firm’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $168.00, for a total value of $588,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,682 shares of company stock valued at $5,788,681. 1.17% of the stock is owned by corporate insiders.
Moody’s Corporation (Moody’s) is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services, quantitative credit risk measures, financial services training and certification services, and research and analytical services to financial institution customers.
Receive News & Ratings for Moody's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moody's and related companies with MarketBeat.com's FREE daily email newsletter.