Moody’s Corporation Stock Price Could Go Down After Today’s Bearish Options Activity

 Moody's Corporation Stock Price Could Go Down After Today's Bearish Options Activity

In today’s session Moody’s Corporation (MCO) recorded an unusually high (1,085) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the February, 2017 put, expecting serious MCO decrease. With 1,085 contracts traded and 1444 open interest for the Feb, 17 contract, it seems this is a quite bearish bet. The option with symbol: MCO170217P00100000 closed last at: $5.85 or 17% up. About 123,831 shares traded hands. Moody’s Corporation (NYSE:MCO) has risen 0.41% since April 1, 2016 and is uptrending. It has underperformed by 0.80% the S&P500.

Analysts await Moody’s Corporation (NYSE:MCO) to report earnings on November, 4. They expect $1.12 earnings per share, up 0.90% or $0.01 from last year’s $1.11 per share. MCO’s profit will be $208.64M for 22.01 P/E if the $1.12 EPS becomes a reality. After $1.30 actual earnings per share reported by Moody’s Corporation for the previous quarter, Wall Street now forecasts -13.85% negative EPS growth.

Moody’s Corporation (NYSE:MCO) Ratings Coverage

Out of 8 analysts covering Moody’s (NYSE:MCO), 3 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 38% are positive. $125 is the highest target while $16 is the lowest. The $99.13 average target is 0.53% above today’s ($98.61) stock price. Moody’s has been the topic of 14 analyst reports since October 5, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Evercore given on Thursday, January 7. Barclays Capital maintained Moody’s Corporation (NYSE:MCO) on Tuesday, October 6 with “Overweight” rating. The rating was upgraded by UBS on Tuesday, November 17 to “Buy”. On Monday, October 5 the stock rating was initiated by Argus Research with “Buy”. The company was initiated on Tuesday, November 10 by Cantor Fitzgerald. The firm earned “Buy” rating on Monday, February 22 by Argus Research. Atlantic Securities initiated the stock with “Neutral” rating in Wednesday, October 14 report. Barclays Capital maintained Moody’s Corporation (NYSE:MCO) rating on Tuesday, August 23. Barclays Capital has “Overweight” rating and $120 price target. The stock of Moody’s Corporation (NYSE:MCO) earned “Overweight” rating by Barclays Capital on Monday, February 8. As per Thursday, January 7, the company rating was downgraded by Piper Jaffray.

According to Zacks Investment Research, “Moody’s Corporation is the parent company of Moody’s Investors Service, a leading provider of credit ratings, research and analysis covering debt instruments and securities in the global capital markets, Moody’s KMV, a leading provider of credit risk processing and credit risk management products for banks and investors in credit-sensitive assets serving the world’s largest financial institutions, Moody’s Economy.com, a provider of economic research and data services, and Moody’s Wall Street Analytics, a provider of software tools and analysis for the structured finance industry.”

Insitutional Activity: The institutional sentiment decreased to 0.91 in 2016 Q2. Its down 0.09, from 1 in 2016Q1. The ratio worsened, as 41 funds sold all Moody’s Corporation shares owned while 170 reduced positions. 45 funds bought stakes while 147 increased positions. They now own 162.97 million shares or 6.06% less from 173.49 million shares in 2016Q1.
Raymond James And last reported 23,204 shares in the company. Twin Tree Mngmt L P has invested 0.01% of its portfolio in Moody’s Corporation (NYSE:MCO). Sumitomo Mitsui Trust has 0.08% invested in the company for 505,822 shares. New York State Common Retirement Fund owns 540,070 shares or 0.07% of their US portfolio. Bancorp Of America Corp De reported 728,981 shares or 0.02% of all its holdings. Jensen Invest accumulated 4,350 shares or 0.01% of the stock. The Michigan-based Plante Moran Fincl Advsr Ltd Liability Co has invested 0.01% in Moody’s Corporation (NYSE:MCO). Cobblestone Cap Limited Liability Com Ny accumulated 0.76% or 56,960 shares. Jpmorgan Chase & Co has 0.06% invested in the company for 2.62M shares. Gateway Advisers Ltd Co, a Ohio-based fund reported 12,414 shares. Sit Invest Assoc has 7,400 shares for 0.02% of their US portfolio. City Holdg Co holds 0% or 74 shares in its portfolio. Echo Street Cap Management Llc reported 98,630 shares or 0.39% of all its holdings. Moreover, Interest Sarl has 0.39% invested in Moody’s Corporation (NYSE:MCO) for 48,550 shares. Texas Permanent School Fund holds 54,844 shares or 0.07% of its portfolio.

Insider Transactions: Since May 17, 2016, the stock had 0 insider purchases, and 18 sales for $43.87 million net activity. Another trade for 182,595 shares valued at $20.11M was made by Huber Linda on Tuesday, September 6. The insider Fauber Robert sold $357,145. 11,054 shares were sold by Worrall Blair, worth $1.14 million on Thursday, August 11. Westlake Lisa had sold 1,095 shares worth $118,665 on Friday, September 30. Another trade for 24,250 shares valued at $2.53 million was sold by GOGGINS JOHN J. MCDANIEL RAYMOND W also sold $732,130 worth of Moody’s Corporation (NYSE:MCO) on Monday, August 8. Duffie Darrell also sold $54,185 worth of Moody’s Corporation (NYSE:MCO) on Friday, September 30.

Moody’s Corporation 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 has a market cap of $18.37 billion. It operates in two divisions: Moody’s Investors Service (MIS) and Moody’s Analytics (MA). It has a 21.25 P/E ratio. The MIS segment publishes credit ratings on a range of debt obligations and the entities that issue such obligations in markets across the world.

MCO Company Profile

Moody’s Corporation (Moody’s), incorporated on June 2, 2000, is a well-known 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 Firm operates in two divisions: Moody’s Investors Service (MIS) and Moody’s Analytics (MA). The Company’s MIS segment consists of the Company’s ratings operations. The Company’s MA segment develops a range of services and products that support financial analysis and risk management activities of institutional participants in financial markets.

More notable recent Moody’s Corporation (NYSE:MCO) news were published by: Businesswire.com which released: “Moody’s Corporation Posted an Updated Management Presentation for Investors” on November 02, 2016, also Moodys.com with their article: “Moody’s Upgrades Regions Financial Corporation (Baa2 Senior Unsecured)” published on November 02, 2016, Moodys.com published: “Moody’s maintains AssuredPartners’ ratings (corporate family B3) following …” on November 03, 2016. More interesting news about Moody’s Corporation (NYSE:MCO) were released by: Moodys.com and their article: “Moody’s assigns Baa2 (sf) to first securitization of wireless spectrum …” published on October 27, 2016 as well as Moodys.com‘s news article titled: “Moody’s: Korea’s strong fundamentals support Aa2 rating; lacklustre external …” with publication date: November 01, 2016.

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