Barclays Holds To Rating And Raises Price Target On Moody's Corporation (MCO)

Lloyd Doyle
September 17, 2017

MCO's profit will be $244.46 million for 26.69 P/E if the $1.28 EPS becomes a reality. The stock increased 1.02% or $1.37 on September 15, reaching $136.33. About 375,158 shares traded. Moody's Corporation (NYSE:MCO) has risen 23.29% since September 17, 2016 and is uptrending. It has outperformed by 6.59% the S&P500.

Among 15 analysts covering Celanese (NYSE:CE), 11 have Buy rating, 1 Sell and 3 Hold. Therefore 53% are positive. The firm has "Hold" rating given on Tuesday, November 10 by Cantor Fitzgerald. The stock has "Mkt Perform" rating by FBR Capital on Friday, July 15. The firm has "Neutral" rating given on Monday, March 14 by UBS.

Investors sentiment decreased to 0.91 in Q4 2016. Its down 0.15, from 1.06 in 2016Q3. State of Tennessee Treasury Department lifted its holdings in Moody's Corporation by 11.7% during the second quarter. 162.55 million shares or 2.22% more from 159.02 million shares in 2016Q3 were reported.

Moody's Corporation (NYSE:MCO) last released its quarterly earnings data on Friday, February 17th.

In other Moody's Corporation news, Director Darrell Duffie sold 500 shares of the company's stock in a transaction on Friday, June 30th. North Carolina-based Carroll Fincl Associates has invested 0% in Moody's Corporation (NYSE:MCO). Baldwin Brothers Inc Ma has 0.01% invested in Moody's Corporation (NYSE:MCO). Mutual of America Capital Management LLC now owns 19,769 shares of the business services provider's stock worth $2,215,000 after buying an additional 674 shares during the last quarter. Jgp Glob Gestao De Recursos Ltda holds 5,257 shares or 0.25% of its portfolio.

Moody's Corporation (MCO) opened at 136.33 on Friday. First Houston Capital Inc has 0.61% invested in Moody's Corporation (NYSE:MCO). 17,255 were accumulated by Addenda Cap Inc. Nationwide Fund Advsrs holds 0.05% or 132,630 shares. State of Wisconsin Investment Board raised its holdings in shares of Moody's Corporation by 40.6% in the first quarter. Therefore 9% are positive. The correct version of this report can be viewed at https://weekherald.com/2017/09/17/moodys-corporation-mco-pt-raised-to-150-00-at-barclays-plc.html.

On July 24 Barclays made no change to the company rating of "Equal-Weight" but moved up the price target to $135.00 from $125.00. BMO Capital Markets maintained the stock with "Hold" rating in Tuesday, July 11 report. Piper Jaffray has "Overweight" rating and $117 target. The ex-dividend date was Friday the 18th of August 2017. Moody's Corporation has a 12-month low of $93.51 and a 12-month high of $136.82. UBS downgraded the stock to "Neutral" rating in Tuesday, January 10 report. As per Wednesday, June 28, the company rating was maintained by Barclays Capital.


Since March 31, 2017, it had 0 insider buys, and 7 sales for $24.85 million activity.

In other news, SVP Lisa Westlake sold 730 shares of the stock in a transaction on Tuesday, January 31st. Also, insider Raymond W. Mcdaniel sold 61,666 shares of the company's stock in a transaction on Friday, July 7th. Shares for $148,954 were sold by Fauber Robert. Shares for $5.84M were sold by GOGGINS JOHN J. The insider Huber Linda sold $1.67 million.

Moody's Corporation (Moody's), launched on June 2, 2000, 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.

Moody's Corporation, MCO from Services exhibited a market capitalization of 25.78B. The Firm operates in two divisions: Moody's Investors Service (MIS) and Moody's Analytics (MA). It has a 55.59 P/E ratio. The brokerage now has an "equal weight" rating on the business services provider's stock. The company has market cap of $5.38 billion. Its up 0.13, from 0.85 in 2016Q3. It worsened, as 19 investors sold Phillips 66 Partners LP shares while 37 reduced holdings. Employees Retirement Association Of Colorado stated it has 35,379 shares. Smithfield Co holds 0% or 140 shares. Creative Planning reported 1,307 shares. Parkside National Bank Trust reported 0% stake. Agf Investments Inc holds 0% or 115 shares in its portfolio. Parametric Port Ltd Com reported 71,428 shares stake. Vanguard Group has an ownership of 16,706,266 stocks of the health services provider's shares valued at $2,447,301,000 following acquiring an extra 570,241 shares through out the quarter. Moreover, Apg Asset Nv has 0.06% invested in Celanese Corporation (NYSE:CE) for 457,360 shares.

Usca Ria lessened its holdings in Cigna Corporation (NYSE:CI) by 14.7% in the Fiscal Q2, according to The corporation in its latest 13F form document with the SEC (SEC). Thompson Siegel & Walmsley Ltd invested in 26 shares. Principal Grp Incorporated holds 0.61% or 5.10 million shares.

Banque Pictet & Cie SA grew its holdings in shares of Moody's Corporation (NYSE:MCO) by 73.1% during the second quarter, according to the company in its most recent disclosure with the SEC. Days to cover increased from 0.0 to 4.0 and the short interest percentage is 0.02% as of August 15. About 414,461 shares traded or 98.75% up from the average. Allianz Asset Mgmt Ag has invested 0.11% of its portfolio in Celanese Corporation (NYSE:CE). It has underperformed by 20.01% the S&P500.

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