Barclays Remains a Buy on Moody’s (MCO)
Barclays analyst Manav Patnaik maintained a Buy rating on Moody’s today and set a price target of $550.00.
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According to TipRanks, Patnaik is a 4-star analyst with an average return of 5.4% and a 55.13% success rate. Patnaik covers the Industrials sector, focusing on stocks such as Cintas, Verisk Analytics, and Mcgrath Rentcorp.
Currently, the analyst consensus on Moody’s is a Strong Buy with an average price target of $555.87.
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 99 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, Noemie Clemence Heuland, the SVP & CFO of MCO sold 100.00 shares for a total of $46,587.00.
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