Moody’s Co. (NYSE:MCO) Receives $367.75 Average Price Target from Analysts

Moody’s Co. (NYSE:MCOGet Free Report) has been assigned an average rating of “Moderate Buy” from the eleven research firms that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $369.36.

A number of analysts recently commented on MCO shares. Royal Bank of Canada reiterated an “outperform” rating and set a $381.00 price objective on shares of Moody’s in a research report on Thursday, October 26th. Morgan Stanley reduced their price objective on Moody’s from $332.00 to $318.00 and set an “equal weight” rating for the company in a research report on Thursday, October 26th. JPMorgan Chase & Co. reduced their price objective on Moody’s from $390.00 to $380.00 and set an “overweight” rating for the company in a research report on Wednesday, October 18th. Barclays cut their price target on Moody’s from $350.00 to $340.00 and set an “equal weight” rating for the company in a report on Thursday, October 26th. Finally, Stifel Nicolaus cut their price target on Moody’s from $344.00 to $333.00 and set a “hold” rating for the company in a report on Thursday, October 26th.

Check Out Our Latest Stock Analysis on MCO

Insider Transactions at Moody’s

In other news, SVP Richard G. Steele sold 873 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was 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 $212,188.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Michael L. West sold 2,754 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $338.38, for a total transaction of $931,898.52. Following the completion of the transaction, the insider now directly owns 8,396 shares of the company’s stock, valued at $2,841,038.48. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Richard G. Steele sold 873 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 628 shares of the company’s stock, valued at $212,188.64. The disclosure for this sale can be found here. Insiders sold a total of 11,266 shares of company stock valued at $3,996,503 over the last 90 days. Company insiders own 0.42% of the company’s stock.

Hedge Funds Weigh In On Moody’s

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Markel Corp raised its position in Moody’s by 0.8% during the first quarter. Markel Corp now owns 212,990 shares of the business services provider’s stock valued at $71,865,000 after purchasing an additional 1,750 shares during the period. Raymond James Trust N.A. raised its position in Moody’s by 6.8% during the first quarter. Raymond James Trust N.A. now owns 2,126 shares of the business services provider’s stock valued at $717,000 after purchasing an additional 135 shares during the period. Prudential PLC purchased a new stake in Moody’s during the first quarter valued at approximately $1,078,000. Sequoia Financial Advisors LLC raised its position in Moody’s by 8.7% during the first quarter. Sequoia Financial Advisors LLC now owns 1,980 shares of the business services provider’s stock valued at $668,000 after purchasing an additional 158 shares during the period. Finally, Candriam Luxembourg S.C.A. raised its position in Moody’s by 2.3% during the first quarter. Candriam Luxembourg S.C.A. now owns 30,994 shares of the business services provider’s stock valued at $10,457,000 after purchasing an additional 684 shares during the period. 90.07% of the stock is owned by institutional investors.

Moody’s Stock Down 1.1 %

Moody’s stock opened at $392.04 on Monday. The stock has a market cap of $71.74 billion, a PE ratio of 47.69, a price-to-earnings-growth ratio of 2.67 and a beta of 1.31. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.78 and a current ratio of 1.78. Moody’s has a one year low of $278.23 and a one year high of $399.36. The stock has a fifty day moving average of $381.01 and a 200 day moving average of $350.54.

About Moody’s

(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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