Credit Suisse Group Increases Moody’s Corporation (MCO) Price Target to $161.00

Moody’s Corporation (NYSE:MCO) had its price target hoisted by Credit Suisse Group from $137.00 to $161.00 in a report issued on Monday, November 6th. They currently have a neutral rating on the business services provider’s stock.

MCO has been the subject of a number of other reports. UBS AG lifted their price objective on shares of Moody’s from $138.00 to $142.00 and gave the company a neutral rating in a research note on Friday, August 18th. Zacks Investment Research upgraded shares of Moody’s from a sell rating to a buy rating and set a $140.00 price objective for the company in a research note on Monday, July 17th. Cantor Fitzgerald restated a hold rating and set a $148.00 price target on shares of Moody’s in a research report on Monday, November 6th. BMO Capital Markets restated a hold rating and set a $143.00 price target on shares of Moody’s in a research report on Friday, October 13th. Finally, Morgan Stanley restated an equal weight rating and set a $135.00 price target (up from $134.00) on shares of Moody’s in a research report on Friday, October 6th. Six research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Moody’s presently has a consensus rating of Buy and a consensus price target of $151.89.

Moody’s (MCO) traded up $0.83 during trading hours on Monday, hitting $150.23. 290,983 shares of the company were exchanged, compared to its average volume of 732,122. The company has a debt-to-equity ratio of -32.57, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market cap of $28,550.34, a PE ratio of 26.07, a PEG ratio of 2.65 and a beta of 1.35. Moody’s has a 52 week low of $93.51 and a 52 week high of $150.73.

Moody’s (NYSE:MCO) last posted its quarterly earnings results on Friday, November 3rd. The business services provider reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.15. Moody’s had a net margin of 13.73% and a negative return on equity of 187.20%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $992.81 million. During the same quarter in the previous year, the firm posted $1.34 EPS. Moody’s’s revenue was up 15.9% on a year-over-year basis. sell-side analysts anticipate that Moody’s will post 5.94 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Monday, November 20th. Moody’s’s dividend payout ratio is currently 54.29%.

In other Moody’s news, insider Raymond W. Mcdaniel sold 45,216 shares of the business’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $134.16, for a total value of $6,066,178.56. Following the completion of the sale, the insider now directly owns 292,310 shares of the company’s stock, valued at $39,216,309.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ewald Kist sold 4,000 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $142.00, for a total transaction of $568,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 49,716 shares of company stock valued at $6,703,384 over the last ninety days. 1.17% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. Fiera Capital Corp increased its position in shares of Moody’s by 17.8% during the second quarter. Fiera Capital Corp now owns 5,793,968 shares of the business services provider’s stock valued at $705,010,000 after buying an additional 876,210 shares during the period. Parametric Portfolio Associates LLC increased its position in shares of Moody’s by 250.2% during the second quarter. Parametric Portfolio Associates LLC now owns 1,134,858 shares of the business services provider’s stock valued at $138,090,000 after buying an additional 810,843 shares during the period. Vanguard Group Inc. increased its position in shares of Moody’s by 2.9% during the second quarter. Vanguard Group Inc. now owns 16,203,350 shares of the business services provider’s stock valued at $1,971,623,000 after buying an additional 463,669 shares during the period. Northwestern Mutual Investment Management Company LLC increased its position in shares of Moody’s by 974.4% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 360,502 shares of the business services provider’s stock valued at $33,783,000 after buying an additional 326,947 shares during the period. Finally, Balyasny Asset Management LLC grew its holdings in Moody’s by 3,117.8% in the second quarter. Balyasny Asset Management LLC now owns 311,771 shares of the business services provider’s stock worth $37,936,000 after purchasing an additional 302,082 shares during the period. 88.00% of the stock is owned by hedge funds and other institutional investors.

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Moody’s Company Profile

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 (NYSE:MCO)

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