Barclays Keeps Rating And Raises Price Target On Moody's Corporation (MCO)


17 September, 2017

Tiaa Cref Trust Company Fsb increased Moodys Corp (MCO) stake by 9.37% reported in 2016Q4 SEC filing. The Akre Capital Management Llc holds 4.66 million shares with $439.36 million value, up from 4.04 million last quarter. With the current EPS in mind, the traders can be fully aware of the company's profitability condition. It has outperformed by 12.37% the S&P500. The business services provider reported $1.51 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.33 by $0.18. Moody's Corporation has a 52 week low of $93.51 and a 52 week high of $136.82. The stock decreased 0.30% or $0.41 during the last trading session, reaching $134.96. BMO Capital Markets restated a "market perform" rating and set a $136.00 target price (up previously from $135.00) on shares of Moody's Corporation in a report on Wednesday, September 6th. It has outperformed by 6.59% the S&P500. Six analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. First Republic Bank had 46 analyst reports since October 6, 2015 according to SRatingsIntel. Barclays Capital maintained Moody's Corporation (NYSE:MCO) rating on Wednesday, June 28. Barclays Capital has "Overweight" rating and $76 target. The firm earned "Buy" rating on Friday, October 14 by Nomura. BidaskClub raised Moody's Corporation from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 30th. UBS maintained the stock with "Neutral" rating in Friday, January 22 report. On Tuesday, June 6 the stock rating was maintained by Jefferies with "Buy". The firm earned "Equal Weight" rating on Tuesday, January 10 by Barclays Capital. The stock of Celanese Corporation (NYSE:CE) earned "Buy" rating by Jefferies on Friday, May 26. The company was initiated on Wednesday, October 14 by Atlantic Securities.

Investors sentiment increased to 1.32 in 2016 Q4. Its up 0.13, from 0.85 in 2016Q3. Hedge funds and other institutional investors own 88.78% of the company's stock. 77 funds opened positions while 100 raised stakes. Fjarde Ap reported 0.09% stake. Jnba Advsr holds 310 shares or 0.01% of its portfolio. Phillips 66 Partners LP (NYSE:PSXP) has declined 0.26% since September 17, 2016 and is downtrending. Lombardia Capital Prns Ltd reported 516,604 shares or 1.33% of all its holdings. Evercore Wealth Management Ltd Liability invested in 0% or 31 shares. Quantum Capital Mgmt reported 0.07% stake. Commonwealth Of Pennsylvania School Empls Retrmt holds 9,536 shares. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $968.78 million. Moreover, Commercial Bank Of Ny Mellon Corp has 0% invested in PharMerica Corporation (NYSE:PMC). Globeflex Ltd Partnership stated it has 11,069 shares. Reilly Fincl Limited Company has 0% invested in PharMerica Corporation (NYSE:PMC). Brandywine Management Limited Co has invested 0.07% in Celanese Corporation (NYSE:CE). Argus Research initiated Moody's Corporation (NYSE:MCO) rating on Monday, October 5. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $112.71. CE's profit will be $264.08 million for 13.02 P/E if the $1.92 EPS becomes a reality.

Since March 31, 2017, it had 0 insider buys, and 7 selling transactions for $24.85 million activity.

In associated news, Chief Executive Officer David Cordani unloaded 153,168 stocks of the firm's shares in a trade dated Mon, Jun 19th. Shares for $5.84M were sold by GOGGINS JOHN J. The insider Huber Linda sold $1.67 million.

Moody's Corporation (NYSE:MCO) last released its quarterly earnings data on Friday, February 17th. Insiders sold 166,295 shares of company stock valued at $21,232,039 in the last quarter. 11,384 shares were sold by Worrall Blair, worth $1.31 million on Friday, May 19. Therefore 9% are positive. Phillips 66 Partners had 30 analyst reports since August 4, 2015 according to SRatingsIntel. Cantor Fitzgerald reiterated a "neutral" rating and issued a $128.00 price objective (up previously from $116.00) on shares of Moody's Corporation in a research note on Monday, July 24th. As per Thursday, January 7, the company rating was downgraded by Piper Jaffray. The company has market cap of $48.78 billion. The rating was maintained by Barclays Capital on Tuesday, August 23 with "Overweight". Piper Jaffray has "Hold" rating and $14000 target. The firm has "Equal-Weight" rating given on Tuesday, February 21 by Morgan Stanley.

Investors sentiment increased to 0.98 in 2016 Q4. Its up 0.24, from 1.08 in 2016Q3. It is positive, as 53 investors sold Moody's Corporation shares while 181 reduced holdings. 162.55 million shares or 2.22% more from 159.02 million shares in 2016Q3 were reported. Shares were disposed in a price range of $170.20, amounting to $26,069,193.60. after the transaction, the CEO has an ownership of 421,162 stocks in the company, worth at $71,681,772.40. Cullen Frost Bankers Incorporated has invested 0.33% in Moody's Corporation (NYSE:MCO). 460,368 shares of the company were exchanged. Banque Pictet Cie Sa invested 0.09% of its portfolio in Moody's Corporation (NYSE:MCO). Smith Asset Mngmt Group Ltd Partnership owns 0.28% invested in Moody's Corporation (NYSE:MCO) for 102,797 shares. State Street Corp increased its holdings in Moody's Corporation by 2.0% during the 1st quarter. Virtus Investment Advisers accumulated 4,111 shares. Raymond James Associate holds 40,397 shares. Lodestar Investment Counsel Ltd Co Il stated it has 2,710 shares or 0.03% of all its holdings. Advantus Management holds 0.04% or 16,721 shares in its portfolio.

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