Moody's (MCO) Price Target Increased to $180.00 by Analysts at Barclays
Moody's (NYSE:MCO) had its price target hoisted by Barclays from $175.00 to $180.00 in a report released on Monday. The firm currently has an overweight rating on the business services provider’s stock.
Several other research firms have also recently weighed in on MCO. Credit Suisse Group reissued a neutral rating and issued a $187.00 price target (up previously from $161.00) on shares of Moody's in a research note on Monday. Argus increased their price target on shares of Moody's to $165.00 and gave the company a buy rating in a research note on Thursday, November 9th. Stifel Nicolaus started coverage on shares of Moody's in a research note on Tuesday, December 19th. They issued a hold rating and a $167.00 price target for the company. Cantor Fitzgerald reissued a hold rating and issued a $148.00 price target on shares of Moody's in a research note on Sunday, November 19th. Finally, BMO Capital Markets increased their price target on shares of Moody's from $143.00 to $146.00 and gave the company a market perform rating in a research note on Monday, November 6th. Eight analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Moody's presently has an average rating of Hold and a consensus price target of $163.50.
Shares of Moody's (NYSE:MCO) opened at $163.55 on Monday. The company has a market cap of $30,865.60, a PE ratio of 26.89, a price-to-earnings-growth ratio of 1.96 and a beta of 1.36. The company has a quick ratio of 1.15, a current ratio of 1.25 and a debt-to-equity ratio of -48.22. Moody's has a 1-year low of $109.00 and a 1-year high of $167.23.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Tuesday, February 20th will be given a dividend of $0.44 per share. The ex-dividend date is Friday, February 16th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.08%. This is a boost from Moody's’s previous quarterly dividend of $0.38. Moody's’s dividend payout ratio (DPR) is presently 29.51%.
In related news, Director Darrell Duffie sold 500 shares of the stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $147.93, for a total transaction of $73,965.00. Following the completion of the transaction, the director now owns 21,336 shares of the company’s stock, valued at approximately $3,156,234.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 1,005 shares of company stock valued at $148,738 in the last ninety days. 1.17% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position in shares of Moody's by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 360,335 shares of the business services provider’s stock worth $43,846,000 after purchasing an additional 3,364 shares during the period. Bredin Investment LLC purchased a new position in shares of Moody's during the 4th quarter worth approximately $601,000. CAPROCK Group Inc. purchased a new position in shares of Moody's during the 3rd quarter worth approximately $336,000. Wells Fargo & Company MN boosted its position in shares of Moody's by 15.1% during the 3rd quarter. Wells Fargo & Company MN now owns 383,359 shares of the business services provider’s stock worth $53,367,000 after purchasing an additional 50,364 shares during the period. Finally, Korea Investment CORP boosted its position in shares of Moody's by 10.3% during the 3rd quarter. Korea Investment CORP now owns 102,998 shares of the business services provider’s stock worth $14,338,000 after purchasing an additional 9,600 shares during the period. 87.31% of the stock is owned by hedge funds and other institutional investors.
Moody’s Corporation (Moody’s) is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services, quantitative credit risk measures, financial services training and certification services, and research and analytical services to financial institution customers.
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