Recent Investment Analysts’ Ratings Updates for Moody’s (MCO)

Moody’s (NYSE: MCO) has recently received a number of price target changes and ratings updates:

• 10/15/2024 – Moody’s had its price target raised by analysts at BMO Capital Markets from $455.00 to $464.00. They now have a “market perform” rating on the stock.
• 10/9/2024 – Moody’s had its price target raised by analysts at Wells Fargo & Company from $510.00 to $550.00. They now have an “overweight” rating on the stock.
• 10/9/2024 – Moody’s had its price target raised by analysts at Morgan Stanley from $451.00 to $462.00. They now have an “equal weight” rating on the stock.
• 10/9/2024 – Moody’s was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 10/3/2024 – Moody’s had its price target raised by analysts at Oppenheimer Holdings Inc. from $492.00 to $536.00. They now have an “outperform” rating on the stock.
• 10/2/2024 – Moody’s is now covered by analysts at Evercore ISI. They set an “outperform” rating and a $521.00 price target on the stock.
• 10/1/2024 – Moody’s was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 9/23/2024 – Moody’s was downgraded by analysts at Raymond James from a “market perform” rating to an “underperform” rating.
• 9/23/2024 – Moody’s was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 9/13/2024 – Moody’s had its price target raised by analysts at Barclays PLC from $500.00 to $570.00. They now have an “overweight” rating on the stock.
• 9/13/2024 – Moody’s was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 9/5/2024 – Moody’s had its price target raised by analysts at Morgan Stanley from $420.00 to $451.00. They now have an “equal weight” rating on the stock.
• 9/3/2024 – Moody’s had its price target raised by analysts at The Goldman Sachs Group, Inc. from $460.00 to $514.00. They now have a “neutral” rating on the stock.
• 9/3/2024 – Moody’s was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

Moody’s Trading Down 4.0 %

MCO stock traded down $19.27 during midday trading on Tuesday, reaching $467.69. The company’s stock had a trading volume of 1,254,151 shares, compared to its average volume of 743,619. The business’s 50-day simple moving average is $478.03 and its 200-day simple moving average is $436.86. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.59. The stock has a market cap of $85.40 billion, a PE ratio of 51.06, a price-to-earnings-growth ratio of 3.10 and a beta of 1.29. Moody’s Co. has a 52 week low of $298.86 and a 52 week high of $495.10.

Moody’s (NYSE:MCO) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.75 by $0.46. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Moody’s had a net margin of 28.34% and a return on equity of 57.03%. The business’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.43 earnings per share. As a group, sell-side analysts expect that Moody’s Co. will post 11.46 EPS for the current year.

Insider Transactions at Moody’s

In other Moody’s news, insider Stephen T. Tulenko sold 500 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $464.06, for a total transaction of $232,030.00. Following the sale, the insider now directly owns 6,647 shares of the company’s stock, valued at $3,084,606.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other Moody’s news, insider Stephen T. Tulenko sold 500 shares of Moody’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $464.06, for a total transaction of $232,030.00. Following the completion of the transaction, the insider now directly owns 6,647 shares of the company’s stock, valued at $3,084,606.82. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Richard G. Steele sold 1,862 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $455.43, for a total transaction of $848,010.66. Following the completion of the transaction, the senior vice president now directly owns 1,040 shares in the company, valued at $473,647.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,931 shares of company stock valued at $1,332,825 over the last quarter. Corporate insiders own 0.07% of the company’s stock.

Institutional Investors Weigh In On Moody’s

A number of hedge funds and other institutional investors have recently made changes to their positions in MCO. Park Avenue Securities LLC raised its position in Moody’s by 4.4% during the first quarter. Park Avenue Securities LLC now owns 2,988 shares of the business services provider’s stock valued at $1,174,000 after purchasing an additional 127 shares in the last quarter. RFG Advisory LLC increased its holdings in shares of Moody’s by 5.0% during the first quarter. RFG Advisory LLC now owns 1,133 shares of the business services provider’s stock worth $445,000 after buying an additional 54 shares in the last quarter. International Assets Investment Management LLC grew its position in Moody’s by 50.3% during the 1st quarter. International Assets Investment Management LLC now owns 852 shares of the business services provider’s stock worth $336,000 after acquiring an additional 285 shares during the last quarter. Sarasin & Partners LLP increased its holdings in Moody’s by 10.5% in the 1st quarter. Sarasin & Partners LLP now owns 360,979 shares of the business services provider’s stock worth $141,876,000 after purchasing an additional 34,370 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC acquired a new stake in shares of Moody’s during the first quarter valued at about $2,967,000. 92.11% of the stock is currently owned by institutional investors and hedge funds.

Moody’s Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody’s Analytics and Moody’s Investors Services. The Moody’s Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets.