Analysts at Stifel Nicolaus began coverage on shares of Moody's (NYSE:MCO) in a report released on Tuesday. The brokerage set a “hold” rating on the business services provider’s stock.

MCO has been the topic of several other research reports. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $148.00 price objective on shares of Moody's in a research report on Wednesday, November 29th. UBS lifted their price objective on shares of Moody's from $142.00 to $150.00 and gave the stock a “neutral” rating in a research report on Monday, November 6th. BMO Capital Markets reaffirmed a “hold” rating and issued a $143.00 price objective on shares of Moody's in a research report on Friday, October 13th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $135.00 price objective (up previously from $134.00) on shares of Moody's in a research report on Friday, October 6th. Finally, Barclays raised shares of Moody's from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $150.00 to $165.00 in a research report on Friday, November 17th. Seven analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $151.89.

Shares of Moody's (MCO) traded down $0.32 during mid-day trading on Tuesday, reaching $150.15. 707,665 shares of the company’s stock traded hands, compared to its average volume of 837,824. The company has a market capitalization of $28,773.93, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 2.66 and a beta of 1.36. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of -32.57. Moody's has a twelve month low of $93.51 and a twelve month high of $153.86.

Moody's (NYSE:MCO) last announced its quarterly earnings data on Friday, November 3rd. The business services provider reported $1.52 EPS for the quarter, topping the consensus estimate of $1.37 by $0.15. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $992.81 million. Moody's had a net margin of 13.73% and a negative return on equity of 187.20%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.34 earnings per share. analysts expect that Moody's will post 5.96 earnings per share for the current year.

In related news, Director Darrell Duffie sold 500 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 21,804 shares of the company’s stock, valued at $3,017,891.64. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ewald Kist sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were 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. 1.17% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the stock. Grove Bank & Trust grew its stake in Moody's by 156.7% during the third quarter. Grove Bank & Trust now owns 901 shares of the business services provider’s stock valued at $125,000 after acquiring an additional 550 shares in the last quarter. IFP Advisors Inc grew its stake in Moody's by 78.1% during the second quarter. IFP Advisors Inc now owns 1,145 shares of the business services provider’s stock valued at $139,000 after acquiring an additional 502 shares in the last quarter. Sun Life Financial INC grew its stake in Moody's by 12,200.0% during the second quarter. Sun Life Financial INC now owns 1,230 shares of the business services provider’s stock valued at $150,000 after acquiring an additional 1,220 shares in the last quarter. Salem Investment Counselors Inc. grew its stake in Moody's by 0.6% during the second quarter. Salem Investment Counselors Inc. now owns 1,346 shares of the business services provider’s stock valued at $164,000 after acquiring an additional 8 shares in the last quarter. Finally, Invictus RG purchased a new position in Moody's during the third quarter valued at approximately $199,000. 87.18% 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.

Analyst Recommendations for Moody's (NYSE:MCO)

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