Moody’s Corporation (MCO) Given New $127.00 Price Target at BMO Capital Markets

Moody’s Corporation (NYSE:MCO) had its price target raised by research analysts at BMO Capital Markets from $124.00 to $127.00 in a research note issued to investors on Friday, July 14th. The brokerage presently has a “market perform” rating on the business services provider’s stock. BMO Capital Markets’ price target would indicate a potential downside of 1.77% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Barclays PLC boosted their target price on shares of Moody’s Corporation from $118.00 to $128.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 28th. Zacks Investment Research downgraded shares of Moody’s Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Morgan Stanley boosted their target price on shares of Moody’s Corporation from $118.00 to $121.00 and gave the stock an “equal weight” rating in a research report on Monday, May 8th. Cantor Fitzgerald reissued a “hold” rating and set a $116.00 target price on shares of Moody’s Corporation in a research report on Monday, May 8th. Finally, BidaskClub cut shares of Moody’s Corporation from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Six analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $127.13.

Moody’s Corporation (NYSE:MCO) traded up 0.44% on Friday, reaching $129.29. The company’s stock had a trading volume of 878,022 shares. Moody’s Corporation has a 52 week low of $93.51 and a 52 week high of $135.20. The firm has a market capitalization of $24.70 billion, a PE ratio of 51.94 and a beta of 1.29. The stock’s 50 day moving average is $124.73 and its 200-day moving average is $115.54.

Moody’s Corporation (NYSE:MCO) last posted its quarterly earnings results on Friday, July 21st. The business services provider reported $1.51 earnings per share for the quarter, beating 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 firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $968.78 million. During the same period in the previous year, the firm posted $1.30 earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year. Analysts predict that Moody’s Corporation will post $5.51 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by Community Financial News and is the property of of Community Financial News. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this piece can be viewed at https://www.com-unik.info/2017/08/04/moodys-corporation-mco-given-new-127-00-price-target-at-bmo-capital-markets-updated-updated.html.

In related news, SVP Blair Worrall sold 11,384 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $114.76, for a total transaction of $1,306,427.84. Following the sale, the senior vice president now owns 19,359 shares of the company’s stock, valued at approximately $2,221,638.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Raymond W. Mcdaniel sold 61,666 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly owns 308,760 shares in the company, valued at approximately $38,048,494.80. The disclosure for this sale can be found here. Insiders have sold a total of 212,612 shares of company stock worth $25,104,433 over the last 90 days. 1.17% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Moody’s Corporation by 3.2% in the first quarter. Vanguard Group Inc. now owns 15,739,681 shares of the business services provider’s stock worth $1,763,474,000 after buying an additional 490,573 shares during the last quarter. BlackRock Inc. raised its position in shares of Moody’s Corporation by 2,616.3% in the first quarter. BlackRock Inc. now owns 10,181,036 shares of the business services provider’s stock worth $1,140,681,000 after buying an additional 9,806,220 shares during the last quarter. State Street Corp raised its position in shares of Moody’s Corporation by 2.0% in the first quarter. State Street Corp now owns 7,581,302 shares of the business services provider’s stock worth $849,399,000 after buying an additional 148,527 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Moody’s Corporation by 4.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 6,311,225 shares of the business services provider’s stock worth $707,110,000 after buying an additional 260,398 shares during the last quarter. Finally, Akre Capital Management LLC raised its position in shares of Moody’s Corporation by 21.9% in the first quarter. Akre Capital Management LLC now owns 5,679,831 shares of the business services provider’s stock worth $636,368,000 after buying an additional 1,019,167 shares during the last quarter. 88.86% of the stock is currently owned by institutional investors and hedge funds.

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)

What are top analysts saying about Moody’s Corporation? – Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts’ recommendations for for Moody’s Corporation and related companies.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

2 × 4 =