Moody’s Co. (NYSE:MCO) – Investment analysts at Oppenheimer raised their Q2 2021 earnings estimates for Moody’s in a research report issued to clients and investors on Wednesday, April 28th. Oppenheimer analyst O. Lau now expects that the business services provider will earn $2.59 per share for the quarter, up from their prior estimate of $2.57. Oppenheimer currently has a “Outperform” rating and a $357.00 price objective on the stock. Oppenheimer also issued estimates for Moody’s’ FY2021 earnings at $11.54 EPS.
Several other equities analysts also recently weighed in on the company. Morgan Stanley raised their price target on Moody’s from $301.00 to $322.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 29th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Moody’s from $315.00 to $325.00 and gave the company a “hold” rating in a research report on Thursday, April 29th. BMO Capital Markets upped their price objective on Moody’s from $312.00 to $348.00 and gave the company an “outperform” rating in a research note on Tuesday, April 20th. Raymond James raised Moody’s from a “market perform” rating to an “outperform” rating and set a $337.00 target price on the stock in a research report on Thursday, April 1st. Finally, Stifel Nicolaus raised their target price on shares of Moody’s from $296.00 to $322.00 and gave the company a “hold” rating in a research note on Friday, April 9th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Moody’s presently has an average rating of “Buy” and an average price target of $328.82.
Shares of NYSE MCO opened at $330.21 on Monday. The company’s fifty day moving average is $311.08 and its two-hundred day moving average is $286.00. The firm has a market capitalization of $61.80 billion, a P/E ratio of 34.36, a PEG ratio of 2.67 and a beta of 1.18. The company has a debt-to-equity ratio of 3.77, a quick ratio of 2.49 and a current ratio of 2.49. Moody’s has a one year low of $240.29 and a one year high of $340.16.
Moody’s (NYSE:MCO) last issued its earnings results on Wednesday, April 28th. The business services provider reported $4.06 earnings per share for the quarter, topping the consensus estimate of $2.80 by $1.26. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.39 billion. Moody’s had a return on equity of 170.55% and a net margin of 34.31%. The business’s quarterly revenue was up 24.0% on a year-over-year basis. During the same quarter last year, the company earned $2.73 EPS.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its holdings in Moody’s by 72.6% during the first quarter. Envestnet Asset Management Inc. now owns 142,520 shares of the business services provider’s stock valued at $42,558,000 after purchasing an additional 59,964 shares during the last quarter. Inverness Counsel LLC NY lifted its holdings in shares of Moody’s by 2.9% during the 1st quarter. Inverness Counsel LLC NY now owns 4,330 shares of the business services provider’s stock worth $1,293,000 after acquiring an additional 120 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in Moody’s by 68.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 15,013 shares of the business services provider’s stock worth $4,483,000 after buying an additional 6,120 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in Moody’s by 236.6% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 441 shares of the business services provider’s stock worth $132,000 after purchasing an additional 310 shares during the period. Finally, Flossbach Von Storch AG boosted its stake in shares of Moody’s by 103.2% during the first quarter. Flossbach Von Storch AG now owns 1,389,369 shares of the business services provider’s stock valued at $414,879,000 after purchasing an additional 705,790 shares during the period. Institutional investors own 89.31% of the company’s stock.
In other news, insider Stephen T. Tulenko sold 1,500 shares of Moody’s stock in a transaction dated Wednesday, April 14th. The stock was sold at an average price of $317.50, for a total value of $476,250.00. Following the completion of the transaction, the insider now directly owns 5,582 shares of the company’s stock, valued at approximately $1,772,285. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert Fauber sold 447 shares of Moody’s stock in a transaction on Thursday, April 1st. The shares were sold at an average price of $303.90, for a total transaction of $135,843.30. Following the completion of the sale, the chief executive officer now owns 56,151 shares of the company’s stock, valued at approximately $17,064,288.90. The disclosure for this sale can be found here. Insiders sold 16,118 shares of company stock valued at $4,771,584 in the last three months. Company insiders own 0.79% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 10th. Investors of record on Thursday, May 20th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Wednesday, May 19th. This represents a $2.48 dividend on an annualized basis and a yield of 0.75%. Moody’s’s dividend payout ratio (DPR) is 29.92%.
Moody’s Company Profile
Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings and provides assessment services on various debt obligations, programs and facilities, and entities that issue such obligations, such as various corporate, financial institution, and governmental obligations; and structured finance securities.
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