Moody’s (NYSE:MCO) PT Lowered to $350.00

Moody’s (NYSE:MCOGet Rating) had its target price reduced by analysts at Barclays from $400.00 to $350.00 in a research note issued to investors on Tuesday, The Fly reports. Barclays‘s price objective indicates a potential upside of 16.23% from the company’s previous close.

A number of other equities analysts have also recently commented on MCO. Robert W. Baird decreased their target price on shares of Moody’s from $363.00 to $342.00 in a research report on Tuesday. Credit Suisse Group decreased their target price on shares of Moody’s from $395.00 to $350.00 in a research report on Tuesday. Morgan Stanley decreased their price objective on shares of Moody’s from $360.00 to $350.00 and set an “equal weight” rating on the stock in a research report on Monday, April 4th. BMO Capital Markets boosted their price objective on shares of Moody’s from $365.00 to $375.00 and gave the company an “outperform” rating in a research report on Monday, April 18th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Moody’s in a research report on Tuesday, March 29th. They issued a “buy” rating and a $408.00 price objective on the stock. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Moody’s has an average rating of “Buy” and a consensus price target of $384.85.

Shares of NYSE:MCO opened at $301.13 on Tuesday. The stock has a market cap of $55.82 billion, a PE ratio of 25.56, a PEG ratio of 2.42 and a beta of 1.18. The company’s fifty day moving average is $326.50 and its 200 day moving average is $356.52. Moody’s has a 52 week low of $287.01 and a 52 week high of $407.94. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 2.54.

Moody’s (NYSE:MCOGet Rating) last issued its earnings results on Monday, May 2nd. The business services provider reported $2.89 EPS for the quarter, hitting analysts’ consensus estimates of $2.89. The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Moody’s had a net margin of 35.61% and a return on equity of 91.13%. The firm’s revenue was down 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $4.06 EPS. Sell-side analysts anticipate that Moody’s will post 11.91 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in MCO. D Orazio & Associates Inc. bought a new stake in Moody’s during the third quarter worth about $26,000. Dark Forest Capital Management LP bought a new stake in Moody’s during the third quarter worth about $31,000. American National Bank boosted its stake in Moody’s by 177.1% during the first quarter. American National Bank now owns 97 shares of the business services provider’s stock worth $33,000 after acquiring an additional 62 shares in the last quarter. Ten Capital Wealth Advisors LLC bought a new stake in Moody’s during the fourth quarter worth about $39,000. Finally, City State Bank bought a new stake in Moody’s during the fourth quarter worth about $35,000. Institutional investors own 91.43% of the company’s stock.

Moody’s Company Profile (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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