RBC Capital analyst Ashish Sabadra maintained a Buy rating on Moody’s (MCO – Research Report) on December 20 and set a price target of $450.00. The company’s shares closed yesterday at $386.13.
Sabadra covers the Industrials sector, focusing on stocks such as ARAMARK Holdings, Automatic Data Processing, and Cintas. According to TipRanks, Sabadra has an average return of 2.8% and a 55.18% success rate on recommended stocks.
In addition to RBC Capital, Moody’s also received a Buy from Wells Fargo’s Seth Weber in a report issued on December 15. However, on December 7, Deutsche Bank maintained a Hold 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 $1.47 billion and a net profit of $389 million. In comparison, last year the company earned a revenue of $1.28 billion and had a net profit of $303 million
Based on the recent corporate insider activity of 79 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. Last month, Steele Richard G, the SVP & GC of MCO sold 873.00 shares for a total of $294,969.24.
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Moody’s (MCO) Company Description:
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 just upgraded at Wells Fargo, here’s why
- Moody’s upgraded to Overweight from Equal Weight at Wells Fargo
- Moody’s price target raised by $31 at Deutsche Bank, here’s why
- These are the Stocks Most Negatively Correlated to Treasury Yields
- Moody’s price target lowered to $337 from $363 at Deutsche Bank
