BMO Capital Initiates Coverage on Moody's Corporation to Perform

BMO Capital Initiates Coverage on Moody's Corporation(NYSE:MCO). The shares have been rated Perform. The rating by BMO Capital was issued on Apr 12, 2016.

In a different note, On Feb 22, 2016, Argus Research said it Maintains its rating on Moody's Corporation. In the research note, the firm Lowers the price-target to $120.00 per share. The shares have been rated ‘Buy’ by the firm. On Feb 8, 2016, Barclays said it Maintains its rating on Moody's Corporation. In the research note, the firm Lowers the price-target to $110.00 per share. The shares have been rated ‘Overweight’ by the firm. On Feb 8, 2016, FBR Capital said it Maintains its rating on Moody's Corporation. In the research note, the firm Lowers the price-target to $100.00 per share. The shares have been rated ‘Market Perform’ by the firm.

Moody's Corporation (MCO) shares turned negative on Fridays trading session with the shares closing down -0.2 points or -0.20% at a volume of 8,25,052. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $98.245. The peak price level was also seen at $98.245 while the days lowest was $97.04. Finally the shares closed at $97.79. The 52-week high of the shares is $113.865 while the 52-week low is $77.76. According to the latest information available, the market cap of the company is $19,059 M.

Moody's Corporation(MCO) last announced its earnings results on Feb 5, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $865.90M. Analysts had an estimated revenue of $852.92M. Earnings per share were $1.09. Analysts had estimated an EPS of $1.04.

Several Insider Transactions has been reported to the SEC. On Feb 5, 2016, Joseph J Mccabe (SVP-Corporate Controller) sold 12,500 shares at $85.23 per share price.Also, On Feb 5, 2016, Linda Huber (Executive VP and CFO) sold 45,000 shares at $85.19 per share price.On Jan 4, 2016, Darrell Duffie (director) sold 500 shares at $100.80 per share price, according to the Form-4 filing with the securities and exchange commission.

Moody’s Corporation (Moody’s) is a provider of credit ratings; credit capital markets and economic related research data and analytical tools; software solutions and related risk management services; quantitative credit risk measures financial services training and certification services and outsourced research and analytical services to financial institution customers. The Company operates in two segments: Moody’s Investors Service (MIS) and Moody’s Analytics (MA). The Company’s MIS segment publishes credit ratings on a range of debt obligations and the entities that issue such obligations in markets across the world including various corporate and Governmental obligations structured finance securities and commercial paper programs. The Company’s MA segment develops a range of products and services that support financial analysis and risk management activities of institutional participants in financial markets.

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