Analyst Price Target Update on Moodys Corporation (NYSE:MCO)

Moodys Corporation (NYSE:MCO): The mean estimate for the short term price target for Moodys Corporation (NYSE:MCO) stands at $104.33 according to 6 Analysts. The higher price target estimate for the stock has been calculated at $116 while the lower price target estimate is at $95.

Many analysts have stated their opinion on the company shares. BMO Capital initiates coverage on Moodys Corporation (NYSE:MCO) In a research note issued to the investors, the brokerage major announces price-target of $101 per share.The shares have been rated Perform. The rating by the firm was issued on April 12, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Worrall Blair, officer (SVP-Ratings Delivery and Data) of Moodys Corp /De/, had unloaded 1,600 shares at an average price of $93 in a transaction dated on May 19, 2016. The total value of the transaction was worth $148,800.

Moodys Corporation (NYSE:MCO) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.12 points or 1.13% at $98.32 with 1,589,296 shares getting traded. Post opening the session at $99, the shares hit an intraday low of $98.31 and an intraday high of $99.49 and the price was in this range throughout the day. The company has a market cap of $19,104 million and the number of outstanding shares have been calculated to be 194,300,000 shares. The 52-week high of Moodys Corporation (NYSE:MCO) is $113.865 and the 52-week low is $77.76.

Moodys Corporation (Moodys) is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services; quantitative credit risk measures, financial services training and certification services, and outsourced research and analytical services to financial institution customers. The Company operates in two segments: Moodys Investors Service (MIS) and Moodys Analytics (MA). The Companys MIS segment publishes credit ratings on a range of debt obligations and the entities that issue such obligations in markets across the world, including various corporate and Governmental obligations, structured finance securities and commercial paper programs. The Companys MA segment develops a range of products and services that support financial analysis and risk management activities of institutional participants in financial markets.

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