Wells Fargo Gives a Buy Rating to Moody’s (MCO)
In a report released today, Jason Haas CFA from Wells Fargo assigned a Buy rating to Moody’s, with a price target of $560.00.
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According to TipRanks, Haas CFA is a 4-star analyst with an average return of 8.6% and a 52.29% success rate.
Currently, the analyst consensus on Moody’s is a Strong Buy with an average price target of $543.64.
Based on Moody’s’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.89 billion and a net profit of $610 million. In comparison, last year the company earned a revenue of $1.67 billion and had a net profit of $395 million
Based on the recent corporate insider activity of 101 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. Earlier this month, Robert Fauber, the President & CEO of MCO sold 300.00 shares for a total of $131,331.00.
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