Moody’s Corp. (NYSE:MCO) had its target price lifted by Lazard Capital Markets from $74.00 to $79.00 in a research note released on Wednesday morning, Stock Ratings Network.com reports. They currently have a buy rating on the stock.
A number of other analysts have also recently weighed in on MCO. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Moody’s Corp. (NYSE:MCO) in a research note to investors on Friday, September 20th. They set a neutral rating and a $72.00 price target on the stock. Separately, analysts at William Blair initiated coverage on shares of Moody’s Corp. (NYSE:MCO) in a research note to investors on Monday, September 9th. They set an outperform rating on the stock. Finally, analysts at Zacks downgraded shares of Moody’s Corp. (NYSE:MCO) from an outperform rating to a neutral rating in a research note to investors on Friday, August 30th. They now have a $67.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $66.80.
In other Moody’s Corp. news, COO Michel Madelain unloaded 34,033 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $70.01, for a total transaction of $2,382,650.33. Following the completion of the sale, the chief operating officer now directly owns 45,941 shares in the company, valued at approximately $3,216,329. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Moody’s Corp. (NYSE:MCO) traded down 1.10% on Wednesday, hitting $69.98. 380,035 shares of the company’s stock traded hands. Moody’s Corp. has a 1-year low of $40.67 and a 1-year high of $71.74. The stock’s 50-day moving average is $66.89 and its 200-day moving average is $61.90. The company has a market cap of $15.424 billion and a price-to-earnings ratio of 21.05.
Moody’s Corp. (NYSE:MCO) last announced its earnings results on Wednesday, July 24th. The company reported $1.00 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.90 by $0.10. The company had revenue of $756.00 million for the quarter, compared to the consensus estimate of $722.24 million. During the same quarter last year, the company posted $0.76 earnings per share. Moody’s Corp.’s revenue was up 18.0% compared to the same quarter last year. On average, analysts predict that Moody’s Corp. will post $3.59 earnings per share for the current fiscal year.
Moody’s Corporation (NYSE:MCO) is a provider of credit ratings; credit and economic related research, data and analytical tools; software solutions and related risk management services; quantitative credit risk measures, credit portfolio management solutions, training and financial credentialing and certification services, and outsourced research and analytical services to institutional customers.
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