Moody’s Corporation (NYSE:MCO) has a beta value of 1.15 and has seen 0.34 million shares traded in the last trading session. The company, currently valued at $71.82B, closed the last trade at $385.39 per share which meant it lost -$0.3 on the day or -0.08% during that session. The MCO stock price is -0.89% off its 52-week high price of $388.81 and 34.31% above the 52-week low of $253.17. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.38 million shares traded. The 3-month trading volume is 546.13K shares.
The consensus among analysts is that Moody’s Corporation (MCO) is an Overweight stock at the moment, with a recommendation rating of 2.20. 0 analysts rate the stock as a Sell, while 2 rate it as Overweight. 6 out of 19 have rated it as a Hold, with 9 advising it as a Buy. 2 have rated the stock as Underweight. The expected earnings per share for the stock is $2.42.
Moody’s Corporation (NYSE:MCO) trade information
Sporting -0.08% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, 09/03/21 when the MCO stock price touched $385.39 or saw a rise of 0.32%. Year-to-date, Moody’s Corporation shares have moved 32.78%, while the 5-day performance has seen it change 2.00%. Over the past 30 days, the shares of Moody’s Corporation (NYSE:MCO) have changed -0.37%. Short interest in the company has seen 2.05 million shares shorted with days to cover at 3.46.
Wall Street analysts have a consensus price target for the stock at $407.20, which means that the shares’ value could jump 5.36% from current levels. The projected low price target is $372.00 while the price target rests at a high of $450.00. In that case, then, we find that the current price level is -16.76% off the targeted high while a plunge would see the stock lose 3.47% from current levels.
Moody’s Corporation (MCO) estimates and forecasts
Figures show that Moody’s Corporation shares have underperformed across the wider relevant industry. The company’s shares have gained 33.13% over the past 6 months, with this year growth rate of 16.95%, compared to 18.50% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -10.00% and 13.10% for the next quarter. Revenue growth from the last financial year stood is estimated to be 11.00%.
13 analysts offering their estimates for the company have set an average revenue estimate of $1.41 billion for the current quarter. 13 have an estimated revenue figure of $1.41 billion for the next quarter concluding in Dec 2021. Year-ago sales stood $1.36 billion and $1.29 billion respectively for this quarter and the next, and analysts expect sales will grow by 3.90% for the current quarter and 8.90% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 15.20% over the past 5 years. Earnings growth for 2021 is a modest 26.60% while over the next 5 years, the company’s earnings are expected to increase by 11.01%.
Moody’s Corporation is expected to release its next earnings report between October 27 and November 01 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 2.48 at a share yield of 0.64%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 1.00%.
Moody’s Corporation (NYSE:MCO)’s Major holders
Insiders own 0.26% of the company shares, while shares held by institutions stand at 93.54% with a share float percentage of 93.78%. Investors are also buoyed by the number of investors in a company, with Moody’s Corporation having a total of 1,350 institutions that hold shares in the company. The top two institutional holders are Berkshire Hathaway, Inc with over 24.67 million shares worth more than $8.94 billion. As of Jun 29, 2021, Berkshire Hathaway, Inc held 13.25% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 13.51 million shares as of Jun 29, 2021. The firm’s total holdings are worth over $4.9 billion and represent 7.26% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Professionally Managed Portf-Akre Focus Fund and Vanguard Total Stock Market Index Fund. As of Apr 29, 2021, the former fund manager holds about 2.80% shares in the company for having 5.22 million shares of worth $1.71 billion while later fund manager owns 4.48 million shares of worth $1.34 billion as of Mar 30, 2021, which makes it owner of about 2.41% of company’s outstanding stock.