Raymond James Maintains a Hold Rating on Moody’s (MCO)

Raymond James analyst Patrick O’Shaughnessy maintained a Hold rating on Moody’s (MCOResearch Report) yesterday. The company’s shares closed last Wednesday at $278.00.

According to TipRanks.com, O’Shaughnessy is a 5-star analyst with an average return of 11.6% and a 68.0% success rate. O’Shaughnessy covers the Financial sector, focusing on stocks such as AssetMark Financial Holdings, Intercontinental Exchange, and Focus Financial Partners.

Currently, the analyst consensus on Moody’s is a Moderate Buy with an average price target of $319.00, a 13.7% upside from current levels. In a report released yesterday, Stifel Nicolaus also reiterated a Hold rating on the stock with a $296.00 price target.

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The company has a one-year high of $305.96 and a one-year low of $164.19. Currently, Moody’s has an average volume of 738.2K.

Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MCO in relation to earlier this year.

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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 following segments: Moody’s Investors Service (MIS) and Moody’s Analytics (MA). The MIS segment is a credit rating agency, which publishes credit ratings on debt obligations and the entities, including various corporate and governmental obligations, structured finance securities and commercial paper programs. The MA segment develops products and services, which support financial analysis and risk management activities of institutional participants in global financial markets. The company was founded by John Moody in 1900 and is headquartered in New York, NY.