Moody’s Co. (NYSE:MCO – Get Rating) Director Raymond W. Mcdaniel sold 10,000 shares of the business’s stock in a transaction on Friday, May 6th. The shares were sold at an average price of $299.41, for a total transaction of $2,994,100.00. Following the transaction, the director now owns 57,503 shares of the company’s stock, valued at $17,216,973.23. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
NYSE:MCO traded down $14.22 during trading hours on Monday, hitting $286.22. The company had a trading volume of 44,100 shares, compared to its average volume of 1,003,086. The company has a market capitalization of $52.81 billion, a PE ratio of 27.37, a price-to-earnings-growth ratio of 2.46 and a beta of 1.18. The stock has a 50-day moving average price of $325.39 and a 200 day moving average price of $354.62. Moody’s Co. has a 52 week low of $287.01 and a 52 week high of $407.94. The company has a debt-to-equity ratio of 2.82, a current ratio of 1.36 and a quick ratio of 1.61.
Moody’s (NYSE:MCO – Get Rating) last released its quarterly earnings results on Monday, May 2nd. The business services provider reported $2.89 earnings per share for the quarter, meeting the consensus estimate of $2.89. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Moody’s had a net margin of 32.18% and a return on equity of 79.22%. The firm’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.06 earnings per share. Analysts anticipate that Moody’s Co. will post 11.12 EPS for the current fiscal year.
A number of analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of Moody’s in a report on Thursday, March 31st. They set a “hold” rating for the company. Morgan Stanley lowered their price target on shares of Moody’s from $360.00 to $350.00 and set an “equal weight” rating for the company in a research note on Monday, April 4th. Credit Suisse Group lowered their price target on shares of Moody’s from $395.00 to $350.00 in a research note on Tuesday, May 3rd. Raymond James lowered their price target on shares of Moody’s from $439.00 to $417.00 and set an “outperform” rating for the company in a research note on Thursday, April 7th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Moody’s from $408.00 to $372.00 in a research note on Tuesday, May 3rd. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $382.00.
Hedge funds have recently made changes to their positions in the company. D Orazio & Associates Inc. bought a new stake in shares of Moody’s during the 3rd quarter valued at $26,000. Dark Forest Capital Management LP bought a new stake in shares of Moody’s during the 3rd quarter valued at $31,000. American National Bank boosted its holdings in shares of Moody’s by 177.1% during the 1st quarter. American National Bank now owns 97 shares of the business services provider’s stock valued at $33,000 after buying an additional 62 shares in the last quarter. City State Bank bought a new stake in shares of Moody’s during the 4th quarter valued at $35,000. Finally, Ten Capital Wealth Advisors LLC bought a new stake in shares of Moody’s during the 4th quarter valued at $39,000. Hedge funds and other 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.
- Get a free copy of the StockNews.com research report on Moody’s (MCO)
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