UBS Group Cuts Moody’s (MCO) Price Target to $154.00
Moody’s (NYSE:MCO) had its price target trimmed by UBS Group from $156.00 to $154.00 in a research report report published on Tuesday, www.benzinga.com reports. The firm currently has a neutral rating on the business services provider’s stock.
MCO has been the subject of a number of other reports. Cantor Fitzgerald dropped their price target on shares of Moody’s to $145.00 and set a neutral rating for the company in a research note on Monday, October 29th. Zacks Investment Research downgraded shares of Moody’s from a hold rating to a sell rating in a research note on Thursday, January 3rd. Morgan Stanley downgraded shares of Moody’s from an equal weight rating to an underweight rating and set a $135.00 target price for the company. in a research note on Tuesday. Barclays lowered their target price on shares of Moody’s from $175.00 to $165.00 and set an overweight rating for the company in a research note on Monday. Finally, ValuEngine downgraded shares of Moody’s from a buy rating to a hold rating in a research note on Wednesday, October 3rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $171.42.
Shares of MCO traded down $0.23 on Tuesday, reaching $148.81. 39,956 shares of the company’s stock were exchanged, compared to its average volume of 1,121,850. The company has a debt-to-equity ratio of 7.40, a current ratio of 1.38 and a quick ratio of 1.38. The company has a market cap of $28.05 billion, a price-to-earnings ratio of 24.51, a price-to-earnings-growth ratio of 1.71 and a beta of 1.24. Moody’s has a 12 month low of $129.26 and a 12 month high of $187.98.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 12th. Stockholders of record on Wednesday, November 21st were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Tuesday, November 20th. Moody’s’s dividend payout ratio is 29.00%.
In other news, SVP Blair Worrall sold 5,561 shares of the stock in a transaction on Friday, November 16th. The shares were sold at an average price of $147.43, for a total transaction of $819,858.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in MCO. Alps Advisors Inc. acquired a new stake in Moody’s in the second quarter valued at $363,000. Dimensional Fund Advisors LP lifted its stake in Moody’s by 13.3% in the second quarter. Dimensional Fund Advisors LP now owns 404,366 shares of the business services provider’s stock valued at $68,970,000 after acquiring an additional 47,355 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Moody’s by 29.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 2,632 shares of the business services provider’s stock valued at $449,000 after acquiring an additional 592 shares during the last quarter. Commonwealth Bank of Australia lifted its stake in Moody’s by 754.3% in the second quarter. Commonwealth Bank of Australia now owns 1,683 shares of the business services provider’s stock valued at $286,000 after acquiring an additional 1,486 shares during the last quarter. Finally, OppenheimerFunds Inc. lifted its stake in Moody’s by 107.8% in the second quarter. OppenheimerFunds Inc. now owns 7,272 shares of the business services provider’s stock valued at $1,240,000 after acquiring an additional 3,773 shares during the last quarter. Institutional investors and hedge funds own 87.68% of the company’s stock.
Moody's Corporation provides credit ratings; and credit, capital markets, and economic related research, data, and analytical tools worldwide. It operates through two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings on various debt obligations and entities that issue such obligations comprising various corporate and governmental obligations, structured finance securities, and commercial paper programs.
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