Moody’s Co. (NYSE:MCO) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Moody’s Co. (NYSE:MCOGet Free Report) have received an average rating of “Moderate Buy” from the eleven brokerages that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $369.36.

A number of equities analysts recently commented on the company. Barclays cut their price objective on Moody’s from $350.00 to $340.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 26th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $381.00 price objective on shares of Moody’s in a research note on Thursday, October 26th. Wells Fargo & Company raised Moody’s from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $365.00 to $455.00 in a research note on Friday, December 15th. BMO Capital Markets boosted their price target on Moody’s from $366.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday, January 3rd. Finally, JPMorgan Chase & Co. dropped their price target on Moody’s from $390.00 to $380.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 18th.

View Our Latest Stock Report on Moody’s

Moody’s Price Performance

Moody’s stock opened at $399.58 on Monday. The stock’s 50 day moving average is $382.52 and its 200 day moving average is $351.20. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.78 and a quick ratio of 1.78. The firm has a market cap of $73.12 billion, a P/E ratio of 48.61, a P/E/G ratio of 2.67 and a beta of 1.30. Moody’s has a one year low of $278.23 and a one year high of $403.17.

Insider Buying and Selling

In other Moody’s news, insider Michael L. West sold 2,754 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $338.38, for a total value of $931,898.52. Following the completion of the transaction, the insider now owns 8,396 shares in the company, valued at approximately $2,841,038.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Moody’s news, insider Michael L. West sold 2,754 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $338.38, for a total value of $931,898.52. Following the completion of the transaction, the insider now owns 8,396 shares in the company, valued at approximately $2,841,038.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Richard G. Steele sold 873 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $337.88, for a total value of $294,969.24. Following the completion of the transaction, the senior vice president now owns 628 shares of the company’s stock, valued at approximately $212,188.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,266 shares of company stock worth $3,996,503. 0.42% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MCO. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of Moody’s by 98,060.7% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,127,401 shares of the business services provider’s stock valued at $1,087,460,000 after buying an additional 3,124,215 shares during the last quarter. Norges Bank purchased a new stake in Moody’s during the 4th quarter worth about $425,827,000. PineStone Asset Management Inc. lifted its holdings in Moody’s by 277.8% during the 3rd quarter. PineStone Asset Management Inc. now owns 1,544,160 shares of the business services provider’s stock worth $488,217,000 after purchasing an additional 1,135,463 shares in the last quarter. Veritas Asset Management LLP lifted its holdings in Moody’s by 67.2% during the 2nd quarter. Veritas Asset Management LLP now owns 2,288,962 shares of the business services provider’s stock worth $795,918,000 after purchasing an additional 920,100 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in Moody’s by 29.7% during the 4th quarter. Morgan Stanley now owns 3,994,497 shares of the business services provider’s stock worth $1,112,947,000 after purchasing an additional 914,530 shares in the last quarter. Hedge funds and other institutional investors own 90.07% of the company’s stock.

Moody’s Company Profile

(Get Free Report

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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Analyst Recommendations for Moody's (NYSE:MCO)

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