Moody’s (NYSE:MCO) Price Target Cut to $372.00 by Analysts at Deutsche Bank Aktiengesellschaft

Moody’s (NYSE:MCOGet Rating) had its price objective decreased by investment analysts at Deutsche Bank Aktiengesellschaft from $408.00 to $372.00 in a report issued on Tuesday, The Fly reports. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 23.53% from the stock’s current price.

Several other brokerages also recently issued reports on MCO. Credit Suisse Group lowered their price objective on shares of Moody’s from $395.00 to $350.00 in a research report on Tuesday. StockNews.com started coverage on shares of Moody’s in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Stifel Nicolaus decreased their price target on shares of Moody’s from $400.00 to $385.00 and set a “hold” rating for the company in a research report on Friday, March 4th. UBS Group decreased their price target on shares of Moody’s from $408.00 to $387.00 in a research report on Friday, February 11th. Finally, Barclays decreased their price target on shares of Moody’s from $400.00 to $350.00 in a research report on Tuesday. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $384.85.

MCO opened at $301.13 on Tuesday. The firm has a 50 day moving average price of $326.50 and a 200 day moving average price of $356.52. The company has a market cap of $55.82 billion, a PE ratio of 25.56, a price-to-earnings-growth ratio of 2.42 and a beta of 1.18. Moody’s has a 1 year low of $287.01 and a 1 year high of $407.94. The company has a debt-to-equity ratio of 2.54, a quick ratio of 1.61 and a current ratio of 1.61.

Moody’s (NYSE:MCOGet Rating) last issued its quarterly earnings data on Monday, May 2nd. The business services provider reported $2.89 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $2.89. Moody’s had a net margin of 35.61% and a return on equity of 91.13%. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the company earned $4.06 earnings per share. Moody’s’s revenue for the quarter was down 4.9% on a year-over-year basis. On average, sell-side analysts predict that Moody’s will post 11.91 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. National Asset Management Inc. lifted its stake in Moody’s by 11.8% during the first quarter. National Asset Management Inc. now owns 3,615 shares of the business services provider’s stock worth $1,220,000 after purchasing an additional 382 shares during the last quarter. Gamble Jones Investment Counsel lifted its stake in Moody’s by 0.9% during the first quarter. Gamble Jones Investment Counsel now owns 24,169 shares of the business services provider’s stock worth $8,155,000 after purchasing an additional 225 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc. bought a new stake in Moody’s in the first quarter valued at $214,000. DAVENPORT & Co LLC lifted its stake in Moody’s by 0.4% in the first quarter. DAVENPORT & Co LLC now owns 180,348 shares of the business services provider’s stock valued at $60,721,000 after buying an additional 657 shares during the last quarter. Finally, Mutual of America Capital Management LLC lifted its stake in Moody’s by 1.1% in the first quarter. Mutual of America Capital Management LLC now owns 21,585 shares of the business services provider’s stock valued at $7,283,000 after buying an additional 229 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

About Moody’s (Get Rating)

Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings and provides assessment services on various debt obligations, programs and facilities, and entities that issue such obligations, such as various corporate, financial institution, and governmental obligations, as well as and structured finance securities.

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