Moody’s (NYSE:MCO) Upgraded to Overweight at Barclays

Moody’s (NYSE:MCOGet Free Report) was upgraded by investment analysts at Barclays from an “equal weight” rating to an “overweight” rating in a report issued on Tuesday, Marketbeat Ratings reports. The firm presently has a $450.00 price target on the business services provider’s stock, up from their previous price target of $375.00. Barclays‘s price target would suggest a potential upside of 14.25% from the stock’s previous close.

Several other equities analysts have also recently weighed in on MCO. BMO Capital Markets decreased their price target on shares of Moody’s from $430.00 to $414.00 and set an “outperform” rating for the company in a research note on Wednesday, February 14th. Stifel Nicolaus cut their price target on shares of Moody’s from $362.00 to $350.00 and set a “hold” rating on the stock in a research report on Wednesday, February 14th. StockNews.com cut Moody’s from a “buy” rating to a “hold” rating in a report on Wednesday, February 14th. JPMorgan Chase & Co. dropped their target price on Moody’s from $420.00 to $410.00 and set an “overweight” rating on the stock in a report on Wednesday, February 14th. Finally, Oppenheimer reduced their price target on Moody’s from $427.00 to $411.00 and set an “outperform” rating for the company in a research report on Wednesday, February 14th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Moody’s presently has an average rating of “Moderate Buy” and a consensus target price of $396.67.

View Our Latest Analysis on Moody’s

Moody’s Trading Up 0.2 %

Shares of NYSE:MCO opened at $393.89 on Tuesday. The firm has a market cap of $71.88 billion, a price-to-earnings ratio of 45.12, a PEG ratio of 3.15 and a beta of 1.27. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 2.01. Moody’s has a 12 month low of $290.98 and a 12 month high of $407.62. The company’s fifty day simple moving average is $387.34 and its 200 day simple moving average is $363.72.

Moody’s (NYSE:MCOGet Free Report) last issued its quarterly earnings results on Tuesday, February 13th. The business services provider reported $2.19 EPS for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.14). The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. Moody’s had a net margin of 27.16% and a return on equity of 55.23%. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.60 earnings per share. As a group, research analysts forecast that Moody’s will post 10.66 EPS for the current fiscal year.

Insiders Place Their Bets

In other Moody’s news, CEO Robert Fauber sold 2,547 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $376.50, for a total transaction of $958,945.50. Following the completion of the sale, the chief executive officer now directly owns 54,099 shares in the company, valued at $20,368,273.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.07% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Nomura Holdings Inc. acquired a new stake in Moody’s in the fourth quarter valued at approximately $1,235,000. HighPoint Advisor Group LLC acquired a new position in Moody’s in the 4th quarter worth about $1,467,000. Accent Capital Management LLC bought a new position in Moody’s in the fourth quarter valued at about $1,564,000. Congress Asset Management Co. MA grew its holdings in shares of Moody’s by 1.7% during the fourth quarter. Congress Asset Management Co. MA now owns 206,912 shares of the business services provider’s stock worth $80,812,000 after purchasing an additional 3,489 shares during the last quarter. Finally, Syon Capital LLC increased its stake in shares of Moody’s by 36.4% in the fourth quarter. Syon Capital LLC now owns 1,615 shares of the business services provider’s stock valued at $631,000 after buying an additional 431 shares during the period. Institutional investors own 92.11% 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 Analytics and Moody's Investors Services. The Moody's Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets.

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