Stifel Nicolaus analyst Shlomo Rosenbaum maintained a Hold rating on Moody’s (MCO – Research Report) yesterday and set a price target of $277.00. The company’s shares closed yesterday at $322.75.
According to TipRanks, Rosenbaum is a 4-star analyst with an average return of 5.5% and a 57.58% success rate. Rosenbaum covers the Services sector, focusing on stocks such as HireRight Holdings Corp, Equifax, and Cintas.
In addition to Stifel Nicolaus, Moody’s also received a Hold from Raymond James’s Patrick O’Shaughnessy in a report issued today. However, on January 20, J.P. Morgan maintained a Buy rating on Moody’s (NYSE: MCO).
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Based on Moody’s’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.28 billion and a net profit of $303 million. In comparison, last year the company earned a revenue of $1.53 billion and had a net profit of $474 million
Based on the recent corporate insider activity of 75 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.
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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