In a report released today, Owen Lau from Oppenheimer maintained a Buy rating on Moody’s (MCO – Research Report), with a price target of $375.00. The company’s shares opened today at $312.13.
According to TipRanks, Lau is a 5-star analyst with an average return of 7.9% and a 62.90% success rate. Lau covers the Financial sector, focusing on stocks such as Moody’s, CME Group, and S&P Global.
In addition to Oppenheimer, Moody’s also received a Buy from BMO Capital’s Jeffrey Silber in a report issued today. However, on the same day, Barclays maintained a Hold rating on Moody’s (NYSE: MCO).
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Based on Moody’s’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.49 billion and a net profit of $377 million. In comparison, last year the company earned a revenue of $1.38 billion and had a net profit of $327 million
Based on the recent corporate insider activity of 72 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. Most recently, in August 2023, Kaye Mark, the EVP & CFO of MCO sold 15,158.00 shares for a total of $5,168,336.30.
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 (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.
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