Oppenheimer analyst Owen Lau maintained a Buy rating on Moody’s (MCO – Research Report) yesterday and set a price target of $342.00. The company’s shares closed yesterday at $323.27.
According to TipRanks, Lau is a 5-star analyst with an average return of 9.6% and a 71.43% success rate. Lau covers the Financial sector, focusing on stocks such as Moody’s, SEI Investments Company, and Nasdaq.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Moody’s with a $318.18 average price target, which is a -1.57% downside from current levels. In a report released yesterday, J.P. Morgan also maintained a Buy rating on the stock with a $340.00 price target.
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MCO market cap is currently $59.13B and has a P/E ratio of 43.46.
Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MCO in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Moody’s Corporation is a credit rating and risk analysis company. It provides analytical solutions, data and insights. The company publishes credit ratings on debt obligations and the entities as well as provides products and services that support financial analysis and risk management activities.
Read More on MCO:
- Moody’s sees FY23 EPS $9.00-$9.50, consensus $9.28
- Moody’s reports Q4 adjusted EPS $1.60, consensus $1.44
- Moody’s price target raised to $311 from $284 at Raymond James
- Moody’s names Francisco Martinez-Garcia chief DEI officer
- Microsoft, Arista among stocks that can survive a triple whammy, Barron’s says
