Moody’s Corp (MCO) Receives a Hold from Cantor Fitzgerald

In a report released today, Joseph Foresi from Cantor Fitzgerald maintained a Hold rating on Moody’s Corp (MCO), with a price target of $168. The company’s shares opened today at $188.63, close to its 52-week high of $191.30.

Foresi observed:

“. We maintain our Neutral rating on MCO and our $168 PT*. Moody’s reported better than expected 1Q19 results, including a slight miss in the ratings. The good news is issuance appears to be moving to steady ground (-14% y/y) after a difficult 4Q18 (-28% y/y) & analytics came in better than expected. Management maintained 2019 guidance. We look to the conference call for color on the issuance market particularly structured finance, an update on Analytics, & progress in China.”

According to, Foresi is a top 25 analyst with an average return of 22.5% and a 89.6% success rate. Foresi covers the Technology sector, focusing on stocks such as International Business Machines Corporation, Jack Henry & Associates, and Fidelity National Info.

Moody’s Corp has an analyst consensus of Moderate Buy, with a price target consensus of $188.67, implying a 0.0% upside from current levels. In a report issued on April 9, UBS also maintained a Hold rating on the stock with a $198 price target.

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Based on Moody’s Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $250 million. In comparison, last year the company had a net profit of $373 million.

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Moody’s Corp. engages in the provision of credit ratings, research, tools and analysis to the global capital markets. It operates through the Moody’s Investors Service (MIS) and Moody’s Analytics (MA) business segments.

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