Moody’s Corporation (NYSE:MCO) had its price objective boosted by equities research analysts at Barclays PLC from $135.00 to $150.00 in a research report issued on Friday. The brokerage currently has an “equal weight” rating on the business services provider’s stock. Barclays PLC’s price objective suggests a potential upside of 11.12% from the company’s current price.

MCO has been the subject of a number of other research reports. UBS AG reissued a “neutral” rating and set a $138.00 target price (up previously from $121.00) on shares of Moody’s Corporation in a research report on Tuesday, July 25th. Credit Suisse Group reissued a “neutral” rating and set 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. BidaskClub raised shares of Moody’s Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 30th. BMO Capital Markets reissued a “market perform” rating and set a $136.00 target price (up previously from $135.00) on shares of Moody’s Corporation in a research report on Wednesday, September 6th. Finally, Zacks Investment Research raised shares of Moody’s Corporation from a “hold” rating to a “buy” rating and set a $148.00 target price for the company in a research report on Thursday, August 17th. Six analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $138.86.

Shares of Moody’s Corporation (MCO) traded up 1.16% during trading on Friday, reaching $136.53. 460,368 shares of the company were exchanged. The firm has a market capitalization of $26.08 billion, a PE ratio of 54.85 and a beta of 1.30. Moody’s Corporation has a 1-year low of $93.51 and a 1-year high of $136.82. The company’s 50-day moving average is $131.91 and its 200 day moving average is $121.01.

Moody’s Corporation (NYSE:MCO) last released its quarterly earnings data 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 net margin of 12.63% and a negative return on equity of 167.31%. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $968.78 million. During the same period last year, the firm earned $1.30 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. Equities research analysts expect that Moody’s Corporation will post $5.63 EPS for the current fiscal year.

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In other Moody’s Corporation news, insider Raymond W. Mcdaniel sold 45,216 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $39,216,309.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Raymond W. Mcdaniel sold 61,666 shares of the firm’s stock in a transaction on Friday, July 7th. The stock was sold at an average price of $123.23, for a total transaction of $7,599,101.18. Following the completion of the transaction, the insider now directly owns 308,760 shares of the company’s stock, valued at approximately $38,048,494.80. The disclosure for this sale can be found here. Insiders have sold 166,295 shares of company stock valued at $21,232,039 in the last three months. 1.17% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of MCO. Warren Averett Asset Management LLC purchased a new position in shares of Moody’s Corporation in the first quarter worth $521,000. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Moody’s Corporation by 8.2% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 101,327 shares of the business services provider’s stock worth $11,353,000 after buying an additional 7,642 shares during the last quarter. Harris Associates L P purchased a new position in shares of Moody’s Corporation in the first quarter worth $378,890,000. State of Wisconsin Investment Board raised its holdings in shares of Moody’s Corporation by 40.6% in the first quarter. State of Wisconsin Investment Board now owns 257,427 shares of the business services provider’s stock worth $28,842,000 after buying an additional 74,333 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its holdings in shares of Moody’s Corporation by 3.5% in the first quarter. Mutual of America Capital Management LLC now owns 19,769 shares of the business services provider’s stock worth $2,215,000 after buying an additional 674 shares during the last quarter. 88.78% of the stock is owned by institutional investors and hedge funds.

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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