RBC Capital Sticks to Its Buy Rating for Moody’s (MCO)

In a report released on April 13, Ashish Sabadra from RBC Capital maintained a Buy rating on Moody’s, with a price target of $610.00. The company’s shares closed yesterday at $439.61.

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Sabadra covers the Financial sector, focusing on stocks such as TransUnion, S&P Global, and Moody’s. According to TipRanks, Sabadra has an average return of 1.7% and a 51.12% success rate on recommended stocks.

In addition to RBC Capital, Moody’s also received a Buy from William Blair’s Andrew Nicholas in a report issued yesterday. However, on April 7, Morgan Stanley maintained a Hold rating on Moody’s (NYSE: MCO).

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.