On July 27, Moody's rose 3.1% in regular trading, trading at $486.08/share, with turnover of $59.19 million.
The move follows Moody's second-quarter earnings release that significantly exceeded market expectations, coupled with a wave of analyst target price upgrades. Q2 adjusted EPS came in at $4.68, well above the consensus estimate of $4.24 and up 31% year-over-year. Revenue reached $2.19 billion versus the $2.09 billion expected, representing 15% growth. The company also raised its full-year adjusted EPS guidance to $16.50-$17.00 and expanded its share buyback program to $3 billion.
Following the results, multiple institutions raised their price targets: Baird to $572, Barclays to $575, Evercore ISI to $588, Goldman Sachs to $557, and Autonomous Research to $598. The current analyst consensus target stands at $555.55 with an overweight rating. Morgan Stanley highlighted robust bond issuance trends, AI and data-center financing, and M&A recovery as key tailwinds for ratings agencies.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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