Several other analysts have also recently commented on the stock. Analysts at BTIG Research reiterated a “sell” rating on shares of Moodys Corporation in a research note to investors on Wednesday, February 13th. They now have a $28.00 price target on the stock. Separately, analysts at Benchmark Co. cut their price target on shares of Moodys Corporation from $58.00 to $55.00 in a research note to investors on Tuesday, February 12th. They now have a “buy” rating on the stock. Finally, analysts at Barclays Capital cut their price target on shares of Moodys Corporation from $58.00 to $50.00 in a research note to investors on Monday, February 11th. They now have an “equal weight” rating on the stock.
Four equities research analysts have rated the stock with a buy rating, three have issued a hold rating, and one has assigned a sell rating to the company’s stock. The stock currently has an average rating of “overweight” and an average price target of $50.88.
Shares of Moodys Corporation traded up 0.64% during mid-day trading on Wednesday, hitting $50.38. Moodys Corporation has a one year low of $33.86 and a one year high of $55.58. The stock’s 50-day moving average is currently $49.94. The company has a market cap of $11.265 billion and a P/E ratio of 16.41.
Moodys Corporation last issued its quarterly earnings data on Friday, February 8th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.01. The company had revenue of $754.20 million for the quarter, compared to the consensus estimate of $683.34 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was up 33.0% on a year-over-year basis. Moodys Corporation has set its FY13 guidance at $3.45-3.55 EPS. Analysts expect that Moodys Corporation will post $3.50 EPS for the current fiscal year.
Moody’s Corporation (Moody’s) is a provider of credit ratings; credit and economic related research, data and analytical tools; risk management software, and quantitative credit risk measures, credit portfolio management solutions and training services.
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