Moody’s Co. (NYSE:MCO – Get Free Report) has earned an average rating of “Moderate Buy” from the twelve research firms that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $400.50.
MCO has been the subject of several recent research reports. StockNews.com upgraded Moody’s from a “hold” rating to a “buy” rating in a report on Tuesday, April 16th. Robert W. Baird increased their target price on shares of Moody’s from $405.00 to $414.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Barclays upgraded shares of Moody’s from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $375.00 to $450.00 in a report on Tuesday, April 2nd. Stifel Nicolaus lifted their target price on shares of Moody’s from $350.00 to $374.00 and gave the stock a “hold” rating in a research report on Tuesday, May 7th. Finally, Oppenheimer boosted their target price on Moody’s from $411.00 to $424.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 2nd.
Read Our Latest Stock Analysis on MCO
Institutional Investors Weigh In On Moody’s
Moody’s Stock Performance
Shares of MCO stock opened at $420.93 on Thursday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.68. The firm has a fifty day simple moving average of $402.52 and a two-hundred day simple moving average of $391.66. Moody’s has a 12 month low of $298.86 and a 12 month high of $428.79. The firm has a market capitalization of $76.86 billion, a PE ratio of 45.95, a price-to-earnings-growth ratio of 3.26 and a beta of 1.27.
Moody’s (NYSE:MCO – Get Free Report) last posted its earnings results on Thursday, May 2nd. The business services provider reported $3.37 EPS for the quarter, topping the consensus estimate of $3.06 by $0.31. Moody’s had a net margin of 27.01% and a return on equity of 54.50%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the previous year, the firm posted $2.99 earnings per share. The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. Analysts forecast that Moody’s will post 10.69 EPS for the current fiscal year.
Moody’s Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were paid a dividend of $0.85 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $3.40 annualized dividend and a dividend yield of 0.81%. Moody’s’s payout ratio is 37.12%.
About Moody’s
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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