Moody’s (NYSE:MCO) PT Raised to $295.00

Moody’s (NYSE:MCOGet Rating) had its price objective upped by analysts at The Goldman Sachs Group from $261.00 to $295.00 in a report issued on Wednesday, MarketBeat Ratings reports. The brokerage presently has a “neutral” rating on the business services provider’s stock. The Goldman Sachs Group’s price target suggests a potential downside of 0.99% from the company’s previous close.

A number of other research analysts have also weighed in on the company. Atlantic Securities raised their price objective on Moody’s from $290.00 to $292.00 in a research report on Monday, November 7th. Oppenheimer raised their price objective on Moody’s from $288.00 to $310.00 and gave the company an “outperform” rating in a research report on Wednesday. Stifel Nicolaus cut their price objective on Moody’s from $259.00 to $235.00 and set a “hold” rating for the company in a research report on Wednesday, October 12th. Raymond James cut their price objective on Moody’s from $303.00 to $284.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Finally, Morgan Stanley increased their price target on shares of Moody’s from $255.00 to $271.00 and gave the company an “equal weight” rating in a report on Thursday, November 17th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $291.53.

Moody’s Trading Up 1.2 %

Shares of MCO stock opened at $297.96 on Wednesday. Moody’s has a 52-week low of $230.16 and a 52-week high of $403.73. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.80 and a current ratio of 1.80. The firm has a market capitalization of $54.59 billion, a PE ratio of 35.56, a PEG ratio of 3.16 and a beta of 1.23. The stock has a fifty day simple moving average of $263.16 and a two-hundred day simple moving average of $280.57.

Moody’s (NYSE:MCOGet Rating) last issued its quarterly earnings results on Tuesday, October 25th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.31). Moody’s had a return on equity of 66.15% and a net margin of 27.20%. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the previous year, the company posted $2.69 EPS. The company’s quarterly revenue was down 16.4% on a year-over-year basis. On average, analysts predict that Moody’s will post 8.46 EPS for the current fiscal year.

Institutional Trading of Moody’s

Institutional investors have recently added to or reduced their stakes in the company. Lindbrook Capital LLC raised its position in shares of Moody’s by 12.7% in the second quarter. Lindbrook Capital LLC now owns 310 shares of the business services provider’s stock worth $84,000 after acquiring an additional 35 shares during the period. Quent Capital LLC increased its stake in shares of Moody’s by 11.1% during the third quarter. Quent Capital LLC now owns 351 shares of the business services provider’s stock worth $85,000 after purchasing an additional 35 shares in the last quarter. Maple Capital Management Inc. increased its stake in shares of Moody’s by 2.8% during the first quarter. Maple Capital Management Inc. now owns 1,345 shares of the business services provider’s stock worth $454,000 after purchasing an additional 36 shares in the last quarter. Lido Advisors LLC increased its stake in shares of Moody’s by 1.0% during the first quarter. Lido Advisors LLC now owns 3,630 shares of the business services provider’s stock worth $1,224,000 after purchasing an additional 36 shares in the last quarter. Finally, Allworth Financial LP increased its stake in shares of Moody’s by 8.9% during the second quarter. Allworth Financial LP now owns 466 shares of the business services provider’s stock worth $127,000 after purchasing an additional 38 shares in the last quarter. Institutional investors own 91.73% of the company’s stock.

About Moody’s

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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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