Piper Jaffray Companies restated their hold rating on shares of Moody’s Corporation (NYSE:MCO) in a research report released on Wednesday, October 4th. The brokerage currently has a $149.00 target price on the business services provider’s stock, up from their prior target price of $140.00.

A number of other analysts have also commented on MCO. Zacks Investment Research raised Moody’s Corporation from a hold rating to a buy rating and set a $148.00 price target for the company in a research note on Thursday, August 17th. UBS AG raised their price target on 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 reissued an equal weight rating and set a $135.00 price objective (up previously from $128.00) on shares of Moody’s Corporation in a research report on Monday, July 24th. BMO Capital Markets raised their price objective on Moody’s Corporation from $124.00 to $127.00 and gave the company a market perform rating in a research report on Friday, July 14th. Finally, Cantor Fitzgerald reissued a neutral rating and set a $128.00 price objective (up previously from $116.00) on shares of Moody’s Corporation in a research report on Monday, July 24th. Seven analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $141.50.

Shares of Moody’s Corporation (NYSE:MCO) traded up 0.22% during mid-day trading on Wednesday, reaching $144.24. 703,968 shares of the company’s stock traded hands. The stock has a market cap of $27.56 billion, a PE ratio of 57.95 and a beta of 1.28. The firm has a 50 day moving average price of $137.62 and a 200-day moving average price of $125.15. Moody’s Corporation has a 12 month low of $93.51 and a 12 month high of $144.81.

Moody’s Corporation (NYSE:MCO) last announced its quarterly earnings results on Friday, July 21st. The business services provider reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.18. Moody’s Corporation had a negative return on equity of 167.31% and a net margin of 12.63%. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $968.78 million. During the same quarter last year, the firm posted $1.30 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis. On average, analysts predict that Moody’s Corporation will post $5.71 earnings per share for the current fiscal year.

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In related news, Director Darrell Duffie sold 500 shares of Moody’s Corporation stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $138.41, for a total value of $69,205.00. Following the completion of the sale, the director now directly owns 21,804 shares in the company, valued at approximately $3,017,891.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Raymond W. Mcdaniel sold 45,216 shares of Moody’s Corporation stock in a transaction dated Thursday, September 7th. The stock was 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 of the company’s stock, valued at $39,216,309.60. The disclosure for this sale can be found here. Insiders sold a total of 90,932 shares of company stock valued at $11,969,604 over the last quarter. 1.17% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Moody’s Corporation by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 16,203,350 shares of the business services provider’s stock valued at $1,971,623,000 after purchasing an additional 463,669 shares during the period. BlackRock Inc. grew its stake in shares of Moody’s Corporation by 1.7% during the 2nd quarter. BlackRock Inc. now owns 10,350,596 shares of the business services provider’s stock valued at $1,259,461,000 after purchasing an additional 169,560 shares during the period. State Street Corp grew its stake in shares of Moody’s Corporation by 2.0% during the 1st quarter. State Street Corp now owns 7,581,302 shares of the business services provider’s stock valued at $849,399,000 after purchasing an additional 148,527 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Moody’s Corporation by 4.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 6,311,225 shares of the business services provider’s stock valued at $707,110,000 after purchasing an additional 260,398 shares during the period. Finally, Fiera Capital Corp grew its stake in shares of Moody’s Corporation by 17.8% during the 2nd quarter. Fiera Capital Corp now owns 5,793,968 shares of the business services provider’s stock valued at $705,010,000 after purchasing an additional 876,210 shares during the period. Institutional investors and hedge funds own 88.75% 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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