A number of firms have modified their ratings and price targets on shares of Moody’s Corporation (NYSE: MCO) recently:

  • 7/25/2017 – Moody’s Corporation had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $131.00 price target on the stock, up previously from $122.00.
  • 7/25/2017 – Moody’s Corporation had its “neutral” rating reaffirmed by analysts at UBS Group AG. They now have a $138.00 price target on the stock, up previously from $121.00.
  • 7/24/2017 – Moody’s Corporation had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $128.00 price target on the stock, up previously from $116.00.
  • 7/24/2017 – Moody’s Corporation had its “equal weight” rating reaffirmed by analysts at Barclays PLC. They now have a $135.00 price target on the stock, up previously from $128.00.
  • 7/17/2017 – Moody’s Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “buy” rating. They now have a $140.00 price target on the stock. According to Zacks, “Shares of Moody’s have outperformed the Zacks categorized Miscellaneous Financial Services industry, in the last three months. Also, earnings estimates have been going up ahead of its second quarter results. The company remains well positioned for growth on the back of its dominant position in the credit rating industry, diverse revenue base and disintermediation of credit markets. While stricter regulatory landscapes, mounting expenses, stiff competition across the credit rating industry and litigations issues remain major near-term concerns, the company's inorganic growth strategy and resultant synergies should lead to enhanced profitability and exposure to newer avenues for top line growth.”
  • 7/14/2017 – Moody’s Corporation had its price target raised by analysts at BMO Capital Markets from $124.00 to $127.00. They now have a “market perform” rating on the stock.
  • 7/11/2017 – Moody’s Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of Moody’s have underperformed the Zacks categorized Miscellaneous Financial Services industry, in the last one year. While we are optimistic about the company’s prospects given its diverse operations, strong balance sheet position and dominant position in the credit rating industry, the uncertain macro environment is expected to adversely impact the volume of debt securities issued in globally and the demand for credit ratings. Also, stricter regulatory landscapes, mounting expenses, stiff competition across the credit rating industry and litigations issues remain other major near-term concerns.”
  • 6/30/2017 – Moody’s Corporation was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 6/28/2017 – Moody’s Corporation had its price target raised by analysts at Barclays PLC from $118.00 to $128.00. They now have an “equal weight” rating on the stock.
  • 6/22/2017 – Moody’s Corporation was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/19/2017 – Moody’s Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Moody’s have significantly outperformed the Zacks categorized Miscellaneous Financial Services industry, in the last six months. We are optimistic about the company’s prospects given its diverse operations and dominant position in the credit rating industry. Notably for 2017, the company projects adjusted earnings to be near the upper end of the range of $5.15 to $5.30. Also, given its strong balance sheet position, the company is well poised to grow through strategic acquisitions. However, a stricter regulatory landscape and litigations issues remain major near-term concerns. Also, stiff competition across the credit rating industry makes us apprehensive.”

Shares of Moody’s Corporation (NYSE MCO) opened at 126.91 on Friday. The company’s 50 day moving average is $126.28 and its 200 day moving average is $116.63. Moody’s Corporation has a one year low of $93.51 and a one year high of $135.20. The company has a market capitalization of $24.24 billion, a price-to-earnings ratio of 50.99 and a beta of 1.29.

Moody’s Corporation (NYSE:MCO) last posted its quarterly earnings data on Friday, July 21st. The business services provider reported $1.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.18. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $968.78 million. Moody’s Corporation had a net margin of 12.63% and a negative return on equity of 167.31%. Moody’s Corporation’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.30 earnings per share. Equities research analysts predict that Moody’s Corporation will post $5.51 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Tuesday, August 22nd will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Friday, August 18th. Moody’s Corporation’s dividend payout ratio (DPR) is 61.29%.

In related news, VP Linda Huber sold 13,698 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $119.50, for a total value of $1,636,911.00. Following the transaction, the vice president now directly owns 77,836 shares in the company, valued at $9,301,402. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Darrell Duffie sold 500 shares of the company’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 transaction of $60,820.00. Following the completion of the transaction, the director now owns 22,268 shares in the company, valued at $2,708,679.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 257,828 shares of company stock worth $30,938,654. 1.17% of the stock is owned by company insiders.

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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