.jpg)
In a report released today, Joseph Foresi from Cantor Fitzgerald maintained a Hold rating on Moody’s Corp (MCO), with a price target of $145. The company’s shares opened today at $169.99.
Foresi observed:
“. We maintain our Neutral rating on MCO and our $145 PT*. Moody’s reported lower than expected 4Q18 results, including underperformance in the ratings business due to U.S. corporate debt issuance declining in 4Q18. The decline is not a surprise given inner quarter data points and SPGI’s (Overweight) reads during their last earnings call. Management issued 2019 guidance. We look to the conference call for further color on the issuance market particularly corporate, an update on the Analytics business, the margin profile, capital allocation, and updates on the acquisition integration. MCO shares are up 5% intraday versus 1% .”
According to TipRanks.com, Foresi is a top 25 analyst with an average return of 19.8% and a 85.0% success rate. Foresi covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and DXC Technology Company.
Currently, the analyst consensus on Moody’s Corp is a Hold with an average price target of $155.17.
See today’s analyst top recommended stocks >>
The company has a one-year high of $187.98 and a one-year low of $129.26. Currently, Moody’s Corp has an average volume of 1.13M.
Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is negative on the stock. Most recently, in November 2018, Blair Worrall, the SVP-Ratings Delivery and Data of MCO sold 5,561 shares for a total of $819,824.
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.
