News coverage about Moody’s (NYSE:MCO) has trended extremely negative recently, according to InfoTrie Sentiment. The research group identifies negative and positive news coverage by reviewing more than 6,000 blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Moody’s earned a news impact score of -5.00 on their scale. InfoTrie also assigned media coverage about the business services provider an news buzz score of 0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have impacted Moody’s’ score:
- Moody’s ponders downgrading 17 Vietnamese banks (vietnamnet.vn)
- Moody’s CFO to Address Leadership in Sustainable Value Creation at New Metrics 19 (sustainablebrands.com)
- Moody’s cuts India’s FY20 growth to 5.8% – The Hindu (thehindu.com)
- Chinese Luxury Giant Downgraded by Moody’s on Liquidity Concern – Bloomberg (bloomberg.com)
- Moody’s publishes October 2019 edition of Asia TMT Quarterly (markets.businessinsider.com)
MCO has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on Moody’s from $220.00 to $240.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Argus lifted their price target on Moody’s to $240.00 and gave the stock a “buy” rating in a report on Monday, August 5th. UBS Group upgraded Moody’s from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $215.00 to $245.00 in a report on Monday. ValuEngine cut Moody’s from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Morgan Stanley lifted their price target on Moody’s from $173.00 to $176.00 and gave the stock an “underweight” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $204.09.
Shares of NYSE:MCO traded up $4.44 during trading on Friday, reaching $215.49. 21,308 shares of the stock were exchanged, compared to its average volume of 1,005,429. Moody’s has a 12 month low of $129.26 and a 12 month high of $222.85. The firm has a market cap of $38.93 billion, a PE ratio of 29.16, a PEG ratio of 2.56 and a beta of 1.24. The stock has a 50-day moving average price of $211.94 and a 200-day moving average price of $199.09. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 10.04.
Moody’s (NYSE:MCO) last issued its quarterly earnings data on Wednesday, July 31st. The business services provider reported $2.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.09. Moody’s had a return on equity of 266.42% and a net margin of 27.66%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the company posted $2.04 earnings per share. The business’s revenue was up 3.3% on a year-over-year basis. On average, sell-side analysts expect that Moody’s will post 8.05 earnings per share for the current fiscal year.
In other news, insider Mark Almeida sold 27,236 shares of Moody’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $207.06, for a total value of $5,639,486.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert Fauber sold 3,721 shares of Moody’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $212.71, for a total transaction of $791,493.91. Following the completion of the sale, the insider now owns 48,382 shares of the company’s stock, valued at $10,291,335.22. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,457 shares of company stock valued at $8,027,655. 0.90% of the stock is owned by company insiders.
Moody's Corporation provides credit ratings; and credit, capital markets, and economic research, data, and analytical tools worldwide. It operates through two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings on various debt obligations and entities that issue such obligations, such as various corporate and governmental obligations, structured finance securities, and commercial paper programs.
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