Moody’s (NYSE:MCO) PT Raised to $310.00 at Oppenheimer

Moody’s (NYSE:MCOGet Rating) had its price target boosted by equities research analysts at Oppenheimer from $288.00 to $310.00 in a research note issued on Wednesday, The Fly reports. The firm presently has an “outperform” rating on the business services provider’s stock. Oppenheimer’s price target points to a potential upside of 4.04% from the company’s previous close.

Several other equities analysts have also commented on the company. Royal Bank of Canada reduced their price target on Moody’s from $329.00 to $300.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Raymond James reduced their price target on Moody’s from $303.00 to $284.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Morgan Stanley boosted their price target on Moody’s from $255.00 to $271.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 17th. Barclays dropped their price objective on Moody’s from $285.00 to $250.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 26th. Finally, Robert W. Baird dropped their price objective on Moody’s from $302.00 to $289.00 in a report on Wednesday, October 26th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $291.53.

Moody’s Stock Up 1.2 %

MCO opened at $297.96 on Wednesday. The stock has a market capitalization of $54.59 billion, a price-to-earnings ratio of 35.56, a price-to-earnings-growth ratio of 3.16 and a beta of 1.23. Moody’s has a 12 month low of $230.16 and a 12 month high of $403.73. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.80 and a quick ratio of 1.80. The business has a 50-day moving average of $263.16 and a two-hundred day moving average of $280.57.

Moody’s (NYSE:MCOGet Rating) last released its quarterly earnings data on Tuesday, October 25th. The business services provider reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.16 by ($0.31). The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.36 billion. Moody’s had a net margin of 27.20% and a return on equity of 66.15%. The business’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.69 earnings per share. On average, research analysts expect that Moody’s will post 8.46 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Tcwp LLC bought a new position in Moody’s during the 1st quarter worth $38,000. Vigilant Capital Management LLC bought a new position in Moody’s during the 2nd quarter worth $33,000. Ronald Blue Trust Inc. bought a new position in Moody’s during the 2nd quarter worth $41,000. BDO Wealth Advisors LLC grew its stake in Moody’s by 110.0% during the 3rd quarter. BDO Wealth Advisors LLC now owns 126 shares of the business services provider’s stock worth $31,000 after buying an additional 66 shares during the last quarter. Finally, Prospera Financial Services Inc bought a new position in Moody’s during the 1st quarter worth $45,000. 91.73% of the stock is currently owned by institutional investors.

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.

Further Reading

The Fly logo

Analyst Recommendations for Moody's (NYSE:MCO)

Receive News & Ratings for Moody's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moody's and related companies with MarketBeat.com's FREE daily email newsletter.