Moody’s Corporation (NYSE:MCO)‘s stock had its “hold” rating reissued by Piper Jaffray Companies in a research note issued on Wednesday. They currently have a $149.00 price objective on the business services provider’s stock, up from their prior price objective of $140.00. Piper Jaffray Companies’ price objective would suggest a potential upside of 4.86% from the stock’s current price.

Several other equities research analysts also recently weighed in on MCO. Zacks Investment Research upgraded 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 note on Thursday, August 17th. UBS AG increased their target price on shares of Moody’s Corporation from $138.00 to $142.00 and gave the stock a “neutral” rating in a research note on Friday, August 18th. Barclays PLC reiterated an “equal weight” rating and set a $135.00 target price (up previously from $128.00) on shares of Moody’s Corporation in a research note on Monday, July 24th. BMO Capital Markets increased their target price on shares of Moody’s Corporation from $124.00 to $127.00 and gave the stock a “market perform” rating in a research note on Friday, July 14th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $128.00 target price (up previously from $116.00) on shares of Moody’s Corporation in a research note on Monday, July 24th. Seven research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $140.63.

Shares of Moody’s Corporation (NYSE:MCO) traded up 0.39% during trading on Wednesday, hitting $142.65. The stock had a trading volume of 389,816 shares. The stock’s 50-day moving average is $135.65 and its 200-day moving average is $123.82. The stock has a market cap of $27.25 billion, a price-to-earnings ratio of 57.31 and a beta of 1.28. Moody’s Corporation has a 12-month low of $93.51 and a 12-month high of $143.98.

Moody’s Corporation (NYSE:MCO) last announced its earnings results on Friday, July 21st. The business services provider reported $1.51 earnings per share for the quarter, topping the 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 business had revenue of $1 billion during the quarter, compared to the consensus estimate of $968.78 million. During the same quarter in the prior year, the firm earned $1.30 earnings per share. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities research analysts expect that Moody’s Corporation will post $5.68 EPS for the current year.

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In related news, insider Raymond W. Mcdaniel sold 45,216 shares of the firm’s 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 sale, the insider now owns 292,310 shares in the company, valued at $39,216,309.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Darrell Duffie sold 500 shares of the firm’s stock in a transaction dated 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 owns 21,804 shares of the company’s stock, valued at approximately $3,017,891.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,932 shares of company stock valued at $11,969,604. 1.17% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Pensionfund Sabic acquired a new stake in shares of Moody’s Corporation during the 3rd quarter valued at approximately $2,005,000. Pensionfund DSM Netherlands acquired a new stake in shares of Moody’s Corporation during the 3rd quarter valued at approximately $3,619,000. Curbstone Financial Management Corp lifted its position in shares of Moody’s Corporation by 90.9% during the 3rd quarter. Curbstone Financial Management Corp now owns 4,200 shares of the business services provider’s stock valued at $585,000 after acquiring an additional 2,000 shares during the period. Lord Abbett & CO. LLC lifted its position in shares of Moody’s Corporation by 20.3% during the 2nd quarter. Lord Abbett & CO. LLC now owns 86,852 shares of the business services provider’s stock valued at $10,568,000 after acquiring an additional 14,678 shares during the period. Finally, Toronto Dominion Bank lifted its position in shares of Moody’s Corporation by 25.8% during the 2nd quarter. Toronto Dominion Bank now owns 56,446 shares of the business services provider’s stock valued at $6,867,000 after acquiring an additional 11,585 shares during the period. Institutional investors own 88.74% 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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