UBS AG analysts decreased their EPS forecast for shares of Moody’s Corp. (NYSE:MCO) in a research report released on Monday morning, Stock Ratings Network reports. UBS AG currently has a neutral rating and a $73.00 price objective on the stock.
A number of other firms have also recently commented on MCO. Analysts at Benchmark Co. raised their price target on shares of Moody’s Corp. from $71.00 to $78.00 in a research note to investors on Monday. They now have a hold rating on the stock. Separately, analysts at Barclays raised their price target on shares of Moody’s Corp. from $70.00 to $76.00 in a research note to investors on Wednesday, October 2nd. They now have an equal weight rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Moody’s Corp. from $72.00 to $74.00 in a research note to investors on Wednesday, September 25th. They now have an outperform rating on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $70.09.
Shares of Moody’s Corp. (NYSE:MCO) traded down 1.06% during mid-day trading on Monday, hitting $71.23. The stock had a trading volume of 829,670 shares. Moody’s Corp. has a 1-year low of $39.00 and a 1-year high of $71.25. The stock has a 50-day moving average of $66.21 and a 200-day moving average of $60.54. The company has a market cap of $15.699 billion and a P/E ratio of 21.37.
Moody’s Corp. (NYSE:MCO) last posted its quarterly earnings results on Friday, October 25th. The company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by $0.06. The company had revenue of $705.50 million for the quarter, compared to the consensus estimate of $717.75 million. During the same quarter in the previous year, the company posted $0.75 earnings per share. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. Analysts expect that Moody’s Corp. will post $3.56 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, December 10th. Investors of record on Wednesday, November 20th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Monday, November 18th.
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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