UBS AG Increases Moody’s Corporation (MCO) Price Target to $150.00

Moody’s Corporation (NYSE:MCO) had its price objective raised by UBS AG from $142.00 to $150.00 in a research report issued on Monday, November 6th, www.benzinga.com reports. The firm presently has a “neutral” rating on the business services provider’s stock. UBS AG’s price objective indicates a potential downside of 0.15% 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 reaffirmed an “equal weight” rating and issued a $131.00 price target (up previously from $122.00) on shares of Moody’s in a report on Tuesday, July 25th. Barclays PLC reaffirmed an “equal weight” rating and issued a $135.00 price target (up previously from $128.00) on shares of Moody’s in a 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, BMO Capital Markets reaffirmed a “hold” rating and issued a $143.00 price target on shares of Moody’s in a report on Friday, October 13th. Six research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Moody’s presently has a consensus rating of “Buy” and a consensus price target 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.

Moody’s (NYSE:MCO) last issued its earnings results on Friday, November 3rd. The business services provider reported $1.52 EPS 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 during the quarter, compared to the consensus estimate of $992.81 million. During the same period last year, the business posted $1.34 EPS. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. analysts forecast that Moody’s will post 5.94 earnings per share for the current fiscal year.

In other news, Director Darrell Duffie sold 500 shares of Moody’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $138.41, for a total transaction of $69,205.00. Following the completion of the sale, the director now directly owns 21,804 shares of the company’s stock, valued at approximately $3,017,891.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ewald Kist sold 4,000 shares of Moody’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 90 days. Company insiders own 1.17% of the company’s stock.

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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