Moody’s Corporation Looks to Continue to Trade Above its Annual-High Share Price Today

July 7, 2021 11:08:21

Moody’s Corporation (NYSE:MCO) traded today at a new 52-week high of $377.45. So far today approximately 237,000 shares have been exchanged, as compared to an average 30-day volume of 556,000 shares.

Moody’s (along with S&P Ratings) is a leading provider of credit ratings on fixed income securities. Moody’s ratings segment, known as Moody’s Investors Service or MIS, includes corporates, structured finance, financial institutions, and public finance ratings. MIS represents a majority of the firm’s revenue and profits. Moody’s other segment is Moody’s Analytics and consists of Research, Data, and Analytics or RD&A and Enterprise Risk Solutions or ERS. RD&A’s products include credit research, quantitative credit scores, economic research, business intelligence, know your customer (KYC) tools, commercial real estate data and analytical tools, and training services. ERS includes risk management software solutions to financial institutions.

In the past 52 weeks, Moody’s Corporation share prices are bracketed by a low of $253.17 and a high of $377.45 and is now at $376.67, 49% above that low price.

Moody’s Corporation (NYSE:MCO) is currently priced 14.7% above its average consensus analyst price target of $321.14.

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