Moody’s (NYSE:MCO) Sets New 52-Week High Following Analyst Upgrade

Moody’s Corporation (NYSE:MCOGet Free Report) hit a new 52-week high on Thursday after Wells Fargo & Company raised their price target on the stock from $620.00 to $660.00. Wells Fargo & Company currently has an overweight rating on the stock. Moody’s traded as high as $541.52 and last traded at $545.0790, with a volume of 44594 shares changing hands. The stock had previously closed at $535.98.

A number of other research analysts have also weighed in on MCO. Wall Street Zen lowered Moody’s from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Deutsche Bank Aktiengesellschaft set a $528.00 price target on Moody’s and gave the company a “buy” rating in a report on Wednesday, October 1st. Stifel Nicolaus set a $574.00 price target on Moody’s and gave the stock a “buy” rating in a research report on Monday, January 5th. Mizuho increased their price objective on shares of Moody’s from $539.00 to $550.00 and gave the company a “neutral” rating in a research report on Tuesday, October 28th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Moody’s in a report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $560.94.

Check Out Our Latest Stock Analysis on Moody’s

Insiders Place Their Bets

In other Moody’s news, CEO Robert Fauber sold 1,167 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $478.95, for a total transaction of $558,934.65. Following the transaction, the chief executive officer owned 61,082 shares in the company, valued at approximately $29,255,223.90. This represents a 1.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders sold 1,739 shares of company stock valued at $841,445. 0.14% of the stock is currently owned by insiders.

Trending Headlines about Moody’s

Here are the key news stories impacting Moody’s this week:

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rexford Capital Inc. bought a new stake in shares of Moody’s during the 2nd quarter valued at $25,000. Newbridge Financial Services Group Inc. purchased a new stake in Moody’s in the 2nd quarter worth $25,000. Caitlin John LLC bought a new stake in Moody’s during the third quarter valued at about $27,000. Johnson Financial Group Inc. bought a new stake in Moody’s during the second quarter valued at about $28,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Moody’s in the third quarter valued at about $30,000. Institutional investors own 92.11% of the company’s stock.

Moody’s Stock Performance

The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 1.70. The business has a 50 day moving average price of $500.25 and a two-hundred day moving average price of $498.71. The stock has a market cap of $96.19 billion, a P/E ratio of 43.34, a price-to-earnings-growth ratio of 2.49 and a beta of 1.45.

Moody’s (NYSE:MCOGet Free Report) last posted its quarterly earnings results on Wednesday, October 22nd. The business services provider reported $3.92 EPS for the quarter, topping analysts’ consensus estimates of $3.70 by $0.22. Moody’s had a return on equity of 63.58% and a net margin of 29.92%.The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same period in the previous year, the firm earned $3.21 EPS. The firm’s revenue was up 10.7% compared to the same quarter last year. Moody’s has set its FY 2025 guidance at 14.500-14.750 EPS. On average, sell-side analysts forecast that Moody’s Corporation will post 13.95 earnings per share for the current fiscal year.

Moody’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 21st were given a dividend of $0.94 per share. The ex-dividend date was Friday, November 21st. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.7%. Moody’s’s dividend payout ratio is currently 30.23%.

Moody’s Company Profile

(Get Free Report)

Moody’s Corporation is a global provider of credit ratings, research, data and analytics that support financial decision-making and transparency in capital markets. The company traces its origins to the early 20th century when financial analyst John Moody began publishing credit information; today Moody’s is headquartered in New York and serves a broad set of market participants including investors, issuers, financial institutions, corporations, governments and regulators.

Moody’s operates primarily through two complementary businesses.

Further Reading

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