Moody’s Corporation’s (NYSE:MCO) “Hold” Rating Reaffirmed at Piper Jaffray Companies

Piper Jaffray Companies reiterated their hold rating on shares of Moody’s Corporation (NYSE:MCO) in a research report released on Wednesday, October 4th. They currently have a $149.00 target price on the business services provider’s stock, up from their prior target price of $140.00.

Several other equities analysts have also issued reports on MCO. BidaskClub lowered Moody’s Corporation from a strong-buy rating to a buy rating in a research note on Thursday, June 22nd. Barclays PLC increased their target price on Moody’s Corporation from $118.00 to $128.00 and gave the stock an equal weight rating in a research note on Wednesday, June 28th. Zacks Investment Research lowered Moody’s Corporation from a hold rating to a sell rating in a research report on Tuesday, July 11th. BMO Capital Markets increased their price target on Moody’s Corporation from $124.00 to $127.00 and gave the company a market perform rating in a research report on Friday, July 14th. Finally, Cantor Fitzgerald reaffirmed a neutral rating and issued a $128.00 price target (up previously from $116.00) on shares of Moody’s Corporation in a research report on Monday, July 24th. Seven analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $141.50.

Shares of Moody’s Corporation (MCO) opened at 144.75 on Wednesday. The company has a 50 day moving average price of $137.77 and a 200 day moving average price of $125.36. The company has a market capitalization of $27.65 billion, a P/E ratio of 58.16 and a beta of 1.28. Moody’s Corporation has a 12-month low of $93.51 and a 12-month high of $144.84.

Moody’s Corporation (NYSE:MCO) last posted its earnings results on Friday, July 21st. The business services provider reported $1.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analyst estimates of $968.78 million. During the same quarter in the prior year, the company earned $1.30 EPS. Moody’s Corporation’s revenue was up 7.7% on a year-over-year basis. Equities analysts anticipate that Moody’s Corporation will post $5.70 EPS for the current year.

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In other news, Director Darrell Duffie sold 500 shares of the stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $138.41, for a total value of $69,205.00. Following the transaction, the director now owns 21,804 shares in the company, valued at approximately $3,017,891.64. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Raymond W. Mcdaniel sold 45,216 shares of the stock in a transaction dated 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 transaction, the insider now owns 292,310 shares in the company, valued at approximately $39,216,309.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,932 shares of company stock worth $11,969,604. Company insiders own 1.17% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in Moody’s Corporation by 0.3% during the 2nd quarter. Brighton Jones LLC now owns 1,954 shares of the business services provider’s stock worth $238,000 after buying an additional 5 shares during the last quarter. Salem Investment Counselors Inc. grew its stake in Moody’s Corporation by 0.6% during the 2nd quarter. Salem Investment Counselors Inc. now owns 1,346 shares of the business services provider’s stock worth $164,000 after buying an additional 8 shares during the last quarter. Cleararc Capital Inc. grew its stake in Moody’s Corporation by 0.5% during the 1st quarter. Cleararc Capital Inc. now owns 4,046 shares of the business services provider’s stock worth $453,000 after buying an additional 22 shares during the last quarter. BRYN MAWR TRUST Co grew its stake in Moody’s Corporation by 0.7% during the 2nd quarter. BRYN MAWR TRUST Co now owns 6,386 shares of the business services provider’s stock worth $777,000 after buying an additional 45 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Moody’s Corporation by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,365 shares of the business services provider’s stock worth $1,505,000 after buying an additional 52 shares during the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

Moody’s Corporation 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 Corporation (NYSE:MCO)

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