Morgan Stanley Reiterates Equal Weight Rating for Moody’s Corporation (MCO)

Morgan Stanley reiterated their equal weight rating on shares of Moody’s Corporation (NYSE:MCO) in a report issued on Friday, October 6th. They currently have a $135.00 price objective on the business services provider’s stock, up from their previous price objective of $134.00.

A number of other equities analysts have also commented on the company. Piper Jaffray Companies reissued a hold rating and set a $149.00 price target (up from $140.00) on shares of Moody’s Corporation in a research note on Wednesday, October 4th. Barclays PLC increased their price target on Moody’s Corporation from $135.00 to $150.00 and gave the company an equal weight rating in a research note on Friday, September 15th. BMO Capital Markets reissued a market perform rating and set a $136.00 price target (up from $135.00) on shares of Moody’s Corporation in a research note on Wednesday, September 6th. Credit Suisse Group reissued a neutral rating and set a $137.00 price target (up from $131.00) on shares of Moody’s Corporation in a research note on Wednesday, August 30th. They noted that the move was a valuation call. Finally, UBS AG raised their price objective on Moody’s Corporation from $138.00 to $142.00 and gave the company a neutral rating in a research note on Friday, August 18th. Seven equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $141.50.

Moody’s Corporation (NYSE MCO) opened at 145.20 on Friday. The firm has a market cap of $27.74 billion, a P/E ratio of 58.34 and a beta of 1.28. Moody’s Corporation has a 52 week low of $93.51 and a 52 week high of $145.83. The firm’s 50-day moving average price is $138.65 and its 200 day moving average price is $125.97.

Moody’s Corporation (NYSE:MCO) last released its quarterly earnings data on Friday, July 21st. The business services provider reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.18. Moody’s Corporation had a negative return on equity of 167.31% and a net margin of 12.63%. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $968.78 million. During the same quarter in the prior year, the company posted $1.30 earnings per share. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. Equities analysts forecast that Moody’s Corporation will post $5.70 earnings per share for the current fiscal year.

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In other Moody’s Corporation news, insider Raymond W. Mcdaniel sold 45,216 shares of the stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $134.16, for a total transaction of $6,066,178.56. Following the sale, the insider now owns 292,310 shares of the company’s stock, valued at approximately $39,216,309.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Darrell Duffie sold 500 shares of the stock in a transaction on Friday, September 29th. The shares were sold at an average price of $138.41, for a total value of $69,205.00. Following the sale, the director now directly owns 21,804 shares in the company, valued at approximately $3,017,891.64. The disclosure for this sale can be found here. Insiders have sold a total of 90,932 shares of company stock worth $11,969,604 over the last 90 days. 1.17% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Moody’s Corporation by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 16,203,350 shares of the business services provider’s stock worth $1,971,623,000 after purchasing an additional 463,669 shares in the last quarter. Allen Investment Management LLC boosted its position in shares of Moody’s Corporation by 11.3% in the 1st quarter. Allen Investment Management LLC now owns 788,544 shares of the business services provider’s stock worth $88,348,000 after purchasing an additional 80,012 shares in the last quarter. State Treasurer State of Michigan boosted its position in shares of Moody’s Corporation by 4.2% in the 2nd quarter. State Treasurer State of Michigan now owns 159,015 shares of the business services provider’s stock worth $19,349,000 after purchasing an additional 6,400 shares in the last quarter. Fiera Capital Corp boosted its position in shares of Moody’s Corporation by 17.8% in the 2nd quarter. Fiera Capital Corp now owns 5,793,968 shares of the business services provider’s stock worth $705,010,000 after purchasing an additional 876,210 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Moody’s Corporation by 6.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 523,807 shares of the business services provider’s stock worth $58,688,000 after purchasing an additional 31,365 shares in the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.

About Moody’s Corporation

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.

Analyst Recommendations for Moody`s Corporation (NYSE:MCO)

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