Moody’s Corporation (NYSE:MCO) had its price objective raised by BMO Capital Markets from $143.00 to $146.00 in a research report issued on Monday, November 6th. The firm presently has a “market perform” rating on the business services provider’s stock. BMO Capital Markets’ price objective indicates a potential downside of 2.82% from the stock’s current price.
Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Moody’s from a “hold” rating to a “buy” rating and set a $148.00 price target on the stock in a research report on Thursday, August 17th. Morgan Stanley reissued an “equal weight” rating and set a $131.00 target price (up previously from $122.00) on shares of Moody’s in a research report on Tuesday, July 25th. Barclays PLC reissued an “equal weight” rating and set a $135.00 target price (up previously from $128.00) on shares of Moody’s in a research report on Monday, July 24th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $149.00 price target (up previously from $140.00) on shares of Moody’s in a report on Wednesday, October 4th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $148.00 price target on shares of Moody’s in a report on Monday, November 6th. Six research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Moody’s presently has a consensus rating of “Buy” and a consensus target price of $151.89.
Shares of Moody’s (NYSE:MCO) traded up $0.83 during trading on Monday, reaching $150.23. The company’s stock had a trading volume of 290,983 shares, compared to its average volume of 732,122. 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 52-week low of $93.51 and a 52-week high of $150.73. The firm has a market cap of $28,550.34, a P/E ratio of 26.07, a P/E/G ratio of 2.65 and a beta of 1.35.
In other news, Director Ewald Kist sold 4,000 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $142.00, for a total transaction of $568,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Raymond W. Mcdaniel sold 45,216 shares of Moody’s 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 directly owns 292,310 shares of the company’s stock, valued at $39,216,309.60. The disclosure for this sale can be found here. Insiders sold a total of 49,716 shares of company stock valued at $6,703,384 over the last quarter. 1.17% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Davis Selected Advisers lifted its stake in Moody’s by 0.7% in the third quarter. Davis Selected Advisers now owns 202,766 shares of the business services provider’s stock worth $28,227,000 after purchasing an additional 1,460 shares during the last quarter. IFM Investors Pty Ltd bought a new stake in Moody’s in the third quarter worth $673,000. Guardian Capital LP lifted its stake in Moody’s by 6.5% in the third quarter. Guardian Capital LP now owns 89,681 shares of the business services provider’s stock worth $12,484,000 after purchasing an additional 5,499 shares during the last quarter. California Public Employees Retirement System lifted its stake in Moody’s by 2.1% in the third quarter. California Public Employees Retirement System now owns 481,845 shares of the business services provider’s stock worth $67,078,000 after purchasing an additional 10,045 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in Moody’s in the third quarter worth $355,000. 88.00% of the stock is owned by 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.
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