General Report on Moody’s Corp (NYSE:MCO)

[Moody’s] Moody’s Corp (NYSE:MCO)(TREND ANALYSIS) Moody’s Investors Service has upgraded the ratings of 10 tranches from 4 transactions issued by RFC, backed by Subprime mortgage loans.

Complete rating actions are as follows:

Issuer: RAMP Series 2002-RS2 Trust

Cl. A-I-5, Upgraded to B1 (sf); previously on Jun 8, 2012 Downgraded to B3 (sf)

Issuer: RAMP Series 2003-RS11 Trust

A-I-6A, Upgraded to Ba2 (sf); previously on May 25, 2012 Downgraded to B1 (sf)

A-I-6B, Upgraded to Ba2 (sf); previously on May 25, 2012 Downgraded to B1 (sf)

Underlying Rating: Upgraded to Ba2 (sf); previously on May 25, 2012 Downgraded to B1 (sf)

Financial Guarantor: Ambac Assurance Corporation (Segregated Account – Unrated)

A-I-7, Upgraded to Baa3 (sf); previously on May 25, 2012 Downgraded to Ba1 (sf)

Issuer: RAMP Series 2003-RZ2 Trust

Stock Performance: Click here for a free comprehensive Trend Analysis Report

Moody’s Corp (NYSE:MCO) stock is currently trading 1.63% below its 52-week-high, 28.68% above its 52-week-low. The 1-year stock price history is in the range of $84.48 – $110.51. Moody’s Corp (MCO) has a price to earnings ratio of 23 versus Services sector average of 19.64. MCO stock price has outperformed the S&P 500 by 11.3%. The Commercial Services company is currently valued at $21.98 billion and its share price closed the last trading session at $108.71. The stock has a 50-day moving average of $108.11 and a 200-day moving average of $100.76.

Moody’s Corp (MCO) current short interest stands at 5.26 million shares. It has decreased by 2% from the same period of last month. Around 3% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.95 million shares, the number of days required to cover the short positions stand at 5.6 days.

The company is expected to announce next quarter earnings on July 24, at consensus estimate of $1.2. Moody’s Corp (MCO) reported last quarter earnings on May 01. The Commercial Services company announced earnings per share of $1.11 against a consensus Street estimate of $1.03, beating the average estimate by $0.08. This corresponds to an increase of $0.03 compared to the same quarter of the previous fiscal year.

Is this a Buying Opportunity? Click here for a free Trend Analysis Report

There are currently eleven analysts that cover Moody’s Corp stock. Of those eleven, five 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 $116.43.

A recent analyst activity consisted of Barclays reiterating their Overweight stance on May 4. Barclays increased their price target on MCO from $110 to $120. This corresponds to a 10.39% upside from the last closing price. On the date of report, the stock closed at $108.06.

Morgan Stanley initiated their coverage on the stock with Outperform rating on March 26, and fixed their price target at $124. This corresponds to a 14.06% upside from the last closing price. On the date of report, the stock closed at $101.77.

Another research firm was Evercore Partners who upgraded their Hold rating to Buy on March 17. On the date of report, the stock closed at $100.38.

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.

General Report on Moody’s Corp (NYSE:MCO) was last modified: June 15th, 2015 by Jason Seligman