Moody's (NYSE:MCO - Get Free Report) had its price objective raised by research analysts at UBS Group from $445.00 to $515.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the business services provider's stock. UBS Group's target price points to a potential upside of 2.35% from the stock's previous close.
Other equities analysts have also issued research reports about the stock. Robert W. Baird dropped their target price on shares of Moody's from $575.00 to $525.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Barclays reduced their target price on shares of Moody's from $570.00 to $520.00 and set an "overweight" rating on the stock in a research note on Friday, April 4th. Royal Bank Of Canada reissued an "outperform" rating and issued a $550.00 target price on shares of Moody's in a research note on Wednesday, June 4th. Stifel Nicolaus reduced their target price on shares of Moody's from $533.00 to $468.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. Finally, Wells Fargo & Company increased their target price on shares of Moody's from $572.00 to $573.00 and gave the company an "overweight" rating in a research note on Thursday, July 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Moody's currently has an average rating of "Moderate Buy" and an average target price of $519.07.
Get Our Latest Research Report on Moody's
Moody's Stock Up 0.2%
NYSE MCO traded up $0.79 during trading hours on Tuesday, reaching $503.16. 39,493 shares of the company's stock traded hands, compared to its average volume of 763,497. Moody's has a 52-week low of $378.71 and a 52-week high of $531.93. The firm has a market cap of $90.52 billion, a PE ratio of 43.44, a PEG ratio of 2.89 and a beta of 1.38. The firm has a 50-day simple moving average of $479.88 and a 200 day simple moving average of $472.94. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.57 and a quick ratio of 1.56.
Moody's (NYSE:MCO - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The business services provider reported $3.83 earnings per share for the quarter, beating the consensus estimate of $3.58 by $0.25. The firm had revenue of $1.92 billion during the quarter, compared to analysts' expectations of $1.90 billion. Moody's had a net margin of 29.15% and a return on equity of 60.37%. Sell-side analysts anticipate that Moody's will post 13.95 EPS for the current fiscal year.
Insider Buying and Selling at Moody's
In other news, CEO Robert Fauber sold 415 shares of the firm's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $437.80, for a total value of $181,687.00. Following the sale, the chief executive officer directly owned 62,690 shares in the company, valued at approximately $27,445,682. This trade represents a 0.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company's stock.
Hedge Funds Weigh In On Moody's
Several hedge funds and other institutional investors have recently modified their holdings of MCO. Wolff Wiese Magana LLC raised its position in Moody's by 1,000.0% during the 1st quarter. Wolff Wiese Magana LLC now owns 55 shares of the business services provider's stock worth $26,000 after buying an additional 50 shares during the last quarter. Saudi Central Bank purchased a new position in Moody's during the 1st quarter worth approximately $30,000. Central Pacific Bank Trust Division raised its position in Moody's by 42.9% during the 2nd quarter. Central Pacific Bank Trust Division now owns 80 shares of the business services provider's stock worth $40,000 after buying an additional 24 shares during the last quarter. OFI Invest Asset Management purchased a new position in Moody's during the 4th quarter worth approximately $41,000. Finally, Golden State Wealth Management LLC raised its position in Moody's by 5,050.0% during the 1st quarter. Golden State Wealth Management LLC now owns 103 shares of the business services provider's stock worth $48,000 after buying an additional 101 shares during the last quarter. 92.11% of the stock is owned by hedge funds and other institutional investors.
About Moody's
(
Get Free Report)
Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody's Analytics and Moody's Investors Services. The Moody's Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets.
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