Argus Raises Moody’s (MCO) Price Target to $165.00

Moody’s (NYSE:MCO) had its price objective hoisted by stock analysts at Argus to $165.00 in a note issued to investors on Thursday, November 9th. The firm presently has a “buy” rating on the business services provider’s stock. Argus’ price target would suggest a potential upside of 9.36% from the stock’s previous close.

Several other research firms also recently commented on MCO. Cantor Fitzgerald reissued a “hold” rating and issued a $148.00 target price on shares of Moody’s in a report on Monday, November 6th. UBS boosted their target price on Moody’s from $142.00 to $150.00 and gave the stock a “neutral” rating in a report on Monday, November 6th. Credit Suisse Group upped their price target on Moody’s from $137.00 to $161.00 and gave the company a “neutral” rating in a report on Monday, November 6th. BMO Capital Markets upped their price target on Moody’s from $143.00 to $146.00 and gave the company a “market perform” rating in a report on Monday, November 6th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $135.00 price target (up from $134.00) on shares of Moody’s in a report on Friday, October 6th. Six equities 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. The stock currently has an average rating of “Buy” and an average price target of $151.89.

Moody’s (MCO) opened at $150.88 on Thursday. The company has a debt-to-equity ratio of -32.57, a quick ratio of 1.15 and a current ratio of 1.15. Moody’s has a 12 month low of $93.51 and a 12 month high of $151.41. The stock has a market capitalization of $28,708.95, a P/E ratio of 26.22, a PEG ratio of 2.66 and a beta of 1.35.

Moody’s (NYSE:MCO) last released its quarterly earnings results on Friday, November 3rd. The business services provider reported $1.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.15. Moody’s had a negative return on equity of 187.20% and a net margin of 13.73%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $992.81 million. During the same period in the previous year, the company posted $1.34 earnings per share. The firm’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 fiscal year.

In other news, Director Ewald Kist sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $142.00, for a total value of $568,000.00. The transaction was disclosed in a document filed 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 that occurred on Friday, September 29th. The stock was sold at an average price of $138.41, for a total value of $69,205.00. Following the completion of the sale, the director now owns 21,804 shares in the company, valued at $3,017,891.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,716 shares of company stock valued at $6,703,384. Company insiders own 1.17% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of MCO. Dimensional Fund Advisors LP increased its holdings in Moody’s by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 360,335 shares of the business services provider’s stock worth $43,846,000 after purchasing an additional 3,364 shares during the period. Vanguard Group Inc. increased its holdings in Moody’s by 2.9% during 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 during the period. State Treasurer State of Michigan increased its holdings in Moody’s by 4.2% during 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 during the period. Fiera Capital Corp increased its holdings in Moody’s by 17.8% during 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 during the period. Finally, CAPROCK Group Inc. purchased a new position in shares of Moody’s in the 3rd quarter valued at $336,000. Hedge funds and other institutional investors own 87.49% of the company’s stock.

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About Moody’s

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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