Barclays analyst Manav Patnaik maintained a Buy rating on Moody’s Corp (NYSE: MCO) on August 10 and set a price target of $195. The company’s shares closed on Friday at $170.99.
According to TipRanks.com, Patnaik is a 5-star analyst with an average return of 13.3% and a 71.4% success rate. Patnaik covers the Services sector, focusing on stocks such as Emerald Expositions Events Inc, Laureate Education Inc, and Dun & Bradstreet Corp.
Currently, the analyst consensus on Moody’s Corp is a Moderate Buy with an average price target of $186.43.
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Based on Moody’s Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $376 million. In comparison, last year the company had a net profit of $312 million.
Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2018, Blair Worrall, the SVP-Ratings Delivery and Data of MCO sold 5,862 shares for a total of $1,019,094.
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 Corp. provides credit ratings, research, tools and analysis to the global capital markets. The company operates through the following segments: Moody’s Investors Service and Moody’s Analytics.
