BMO Capital Markets Reiterates “Market Perform” Rating for Moody’s Corporation (NYSE:MCO)

Moody’s Corporation (NYSE:MCO)‘s stock had its “market perform” rating reiterated by analysts at BMO Capital Markets in a research report issued to clients and investors on Wednesday, September 6th. They presently have a $136.00 price objective on the business services provider’s stock, up from their prior price objective of $135.00. BMO Capital Markets’ target price points to a potential downside of 1.47% from the stock’s current price.

A number of other research analysts have also recently issued reports on the company. Credit Suisse Group reiterated a “neutral” rating and issued a $137.00 target price (up previously from $131.00) on shares of Moody’s Corporation in a research report on Wednesday, August 30th. They noted that the move was a valuation call. UBS AG lifted their target price on Moody’s Corporation from $138.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, August 18th. Zacks Investment Research upgraded Moody’s Corporation from a “hold” rating to a “buy” rating and set a $148.00 target price on the stock in a research report on Thursday, August 17th. Morgan Stanley reiterated an “equal weight” rating and issued a $131.00 target price (up previously from $122.00) on shares of Moody’s Corporation in a research report on Tuesday, July 25th. Finally, Barclays PLC restated an “equal weight” rating and set a $135.00 price target (up from $128.00) on shares of Moody’s Corporation in a report on Monday, July 24th. Six research 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. Moody’s Corporation has a consensus rating of “Hold” and a consensus target price of $138.86.

Moody’s Corporation (NYSE:MCO) last released its earnings results on Friday, July 21st. The business services provider reported $1.51 earnings per share (EPS) for the quarter, beating the Zacks’ 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 analysts’ expectations of $968.78 million. During the same quarter in the previous year, the business posted $1.30 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis.

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In other Moody’s Corporation news, Director Darrell Duffie sold 500 shares of the business’s stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $121.64, for a total value of $60,820.00. Following the transaction, the director now directly owns 22,268 shares of the company’s stock, valued at $2,708,679.52. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Raymond W. Mcdaniel sold 61,666 shares of the company’s stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $123.23, for a total value of $7,599,101.18. Following the transaction, the insider now directly owns 308,760 shares in the company, valued at $38,048,494.80. The disclosure for this sale can be found here. Insiders sold 152,598 shares of company stock worth $19,560,320 over the last quarter. 1.17% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Moody’s Corporation by 2.9% during the second quarter. Vanguard Group Inc. now owns 16,203,350 shares of the business services provider’s stock worth $1,971,623,000 after buying an additional 463,669 shares in the last quarter. BlackRock Inc. grew its holdings in Moody’s Corporation by 1.7% during the second quarter. BlackRock Inc. now owns 10,350,596 shares of the business services provider’s stock worth $1,259,461,000 after buying an additional 169,560 shares in the last quarter. State Street Corp grew its holdings in Moody’s Corporation by 2.0% during the first quarter. State Street Corp now owns 7,581,302 shares of the business services provider’s stock worth $849,399,000 after buying an additional 148,527 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Moody’s Corporation by 4.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 6,311,225 shares of the business services provider’s stock worth $707,110,000 after buying an additional 260,398 shares in the last quarter. Finally, Fiera Capital Corp grew its holdings in Moody’s Corporation by 17.8% during the second quarter. Fiera Capital Corp now owns 5,793,968 shares of the business services provider’s stock worth $705,010,000 after buying an additional 876,210 shares in the last quarter. Institutional investors and hedge funds own 88.74% of the company’s stock.

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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