Moody’s (MCO) Receives a Rating Update from a Top Analyst

In a report released today, Joseph Foresi from Cantor Fitzgerald maintained a Hold rating on Moody’s (MCOResearch Report), with a price target of $266.00. The company’s shares closed last Monday at $273.41, close to its 52-week high of $276.99.

According to TipRanks.com, Foresi is a top 25 analyst with an average return of 25.7% and a 89.3% success rate. Foresi covers the Technology sector, focusing on stocks such as International Business Machines, Pagseguro Digital, and Global Payments.

Moody’s has an analyst consensus of Moderate Buy, with a price target consensus of $274.75, which is a 1.0% upside from current levels. In a report released today, Stifel Nicolaus also maintained a Hold rating on the stock with a $279.00 price target.

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The company has a one-year high of $276.99 and a one-year low of $162.57. Currently, Moody’s has an average volume of 637.5K.

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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.