Fundamental and Technical Insights on Moody’s Corp (NYSE:MCO)

Moody’s Corp (NYSE:MCO) (TREND ANALYSIS) shares were traded with a significant increase in volume. The stock closed last trading session at $96.16, down by -5.29%, with a volume of 1,724,542 shares against an average volume for the last 3 months of 930,791.

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Moody’s Corp (NYSE:MCO) stock is currently trading 15.55% below its 52-week-high, 12.47% above its 52-week-low. The 1-year stock price history is in the range of $85.5 – $113.87. Moody’s Corp (MCO) has a price to earnings ratio of 20.6 versus Services sector average of 18.21. MCO stock price has underperformed the S&P 500 by 1.3%. The Commercial Services company is currently valued at $19.17 billion and its share price closed the last trading session at $96.16. The stock has a 50-day moving average of $99.78 and a 200-day moving average of $105.93.

Moody’s Corp (MCO) current short interest stands at 6.34 million shares. It has increased by 25% from the same period of last month. Around 4% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.89 million shares, the number of days required to cover the short positions stand at 7.1 days.

MCO reported last quarter earnings on October 30. The Commercial Services company announced earnings per share of $1.11 against a consensus Street estimate of $1.07, beating the average estimate by $0.04. This corresponds to an increase of $0.08 compared to the same quarter of the previous fiscal year.

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There are currently twelve analysts that cover Moody’s Corp stock. Of those twelve, six have a Buy rating, six have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $117.14.

A recent analyst activity consisted of Atlantic Equities who initiated their coverage on the stock with Neutral rating on October 14. Atlantic Equities fixed their price target at $115. This corresponds to a 19.59% upside from the last closing price. On the date of report, the stock closed at $97.63.

Barclays reiterated their Overweight stance on October 6, and decreased their price target from $120 to $115. This corresponds to a 19.59% upside from the last closing price. On the date of report, the stock closed at $99.1.

Another research firm was Argus Research who initiated their coverage on the stock with Buy rating on October 5. Argus Research fixed their price target at $120. This translates to a 24.79% upside from the last closing price. On the date of report, the stock closed at $101.08.

Company profile

Moody’s Corporation is a credit rating, research, and risk analysis firm. The Company provides credit ratings and related research, data and analytical tools, quantitative credit risk measures, risk scoring software, and credit portfolio management solutions and securities pricing software and valuation models.

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