Moody’s Co. (MCO) Receives $174.60 Average PT from Brokerages

Moody’s Co. (NYSE:MCO) has earned a consensus recommendation of “Hold” from the fourteen brokerages that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $174.60.

A number of research analysts have weighed in on MCO shares. ValuEngine raised shares of Moody’s from a “hold” rating to a “buy” rating in a research note on Tuesday, March 19th. Barclays dropped their price objective on shares of Moody’s from $175.00 to $165.00 and set an “overweight” rating on the stock in a research note on Monday, January 7th. BMO Capital Markets raised their price objective on shares of Moody’s to $172.00 and gave the company a “market perform” rating in a research note on Tuesday, February 19th. UBS Group dropped their price objective on shares of Moody’s from $156.00 to $154.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 8th. Finally, Morgan Stanley lowered shares of Moody’s from an “equal weight” rating to an “underweight” rating and set a $135.00 price objective on the stock. in a research note on Tuesday, January 8th.

NYSE MCO traded up $1.09 on Monday, hitting $189.06. 627,275 shares of the company were exchanged, compared to its average volume of 939,783. The firm has a market cap of $35.70 billion, a PE ratio of 25.58, a P/E/G ratio of 2.29 and a beta of 1.29. Moody’s has a 12 month low of $129.26 and a 12 month high of $191.30. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 7.96.

Moody’s (NYSE:MCO) last issued its earnings results on Friday, February 15th. The business services provider reported $1.63 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.71 by ($0.08). The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.14 billion. Moody’s had a return on equity of 268.11% and a net margin of 29.48%. The firm’s revenue was down 9.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.51 earnings per share. On average, equities analysts predict that Moody’s will post 7.89 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 20th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $2.00 annualized dividend and a dividend yield of 1.06%. Moody’s’s dividend payout ratio is currently 27.06%.

In other news, insider Raymond W. Mcdaniel sold 44,146 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $175.20, for a total value of $7,734,379.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.90% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Manning & Napier Group LLC purchased a new stake in shares of Moody’s in the first quarter valued at about $106,236,000. First Manhattan Co. raised its holdings in shares of Moody’s by 0.8% in the fourth quarter. First Manhattan Co. now owns 172,724 shares of the business services provider’s stock valued at $24,188,000 after purchasing an additional 1,404 shares during the last quarter. TrimTabs Asset Management LLC raised its holdings in shares of Moody’s by 5.0% in the first quarter. TrimTabs Asset Management LLC now owns 8,229 shares of the business services provider’s stock valued at $1,490,000 after purchasing an additional 392 shares during the last quarter. Transamerica Financial Advisors Inc. raised its holdings in shares of Moody’s by 29.0% in the fourth quarter. Transamerica Financial Advisors Inc. now owns 1,841 shares of the business services provider’s stock valued at $258,000 after purchasing an additional 414 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Moody’s by 6.2% in the third quarter. AQR Capital Management LLC now owns 112,869 shares of the business services provider’s stock valued at $18,872,000 after purchasing an additional 6,595 shares during the last quarter. Institutional investors own 93.68% of the company’s stock.

Moody’s Company Profile

Moody's Corporation provides credit ratings; and credit, capital markets, and economic research, data, and analytical tools worldwide. It operates through two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings on various debt obligations and entities that issue such obligations, such as various corporate and governmental obligations, structured finance securities, and commercial paper programs.

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Analyst Recommendations for Moody`s (NYSE:MCO)

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