Benchmark Maintains a 'Hold' on Moody's Corp (MCO); Bond Issuance Improving; Raising Estimates & PT
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Price: $503.32 +0.91%
Rating Summary:
20 Buy, 12 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
20 Buy, 12 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
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Benchmark maintains a 'Hold' on Moody's Corp (NYSE: MCO) price target from $37 to $45.
Analyst, Edward J. Atorino, said, "We are raising our 2012 revenue and EPS estimates, mainly reflecting signs of a recovery in bond issuance along with strong growth prospects of Moody’s Analytics...For 2012, we estimate total revenue of $2.5 billion, up 9.6% y/y, with Moody’s Investor Services (ratings) revenue of $1.67 billion, up 6%, and Moody’s Analytics revenue of $831 million, up 17%. Our 2011 EPS estimate is $2.70, up 9.6% y/y vs. $2.65 previously. For 1Q12 we look for total revenues of $614 million, up 6%, with MIS up 2% and Analytics up 18%. EPS is expected to be $0.68 vs. $0.67 in 1Q11."
For an analyst ratings summary and ratings history on Moody's Corp click here. For more ratings news on Moody's Corp click here.
Shares of Moody's Corp closed at $42.03 yesterday.
Analyst, Edward J. Atorino, said, "We are raising our 2012 revenue and EPS estimates, mainly reflecting signs of a recovery in bond issuance along with strong growth prospects of Moody’s Analytics...For 2012, we estimate total revenue of $2.5 billion, up 9.6% y/y, with Moody’s Investor Services (ratings) revenue of $1.67 billion, up 6%, and Moody’s Analytics revenue of $831 million, up 17%. Our 2011 EPS estimate is $2.70, up 9.6% y/y vs. $2.65 previously. For 1Q12 we look for total revenues of $614 million, up 6%, with MIS up 2% and Analytics up 18%. EPS is expected to be $0.68 vs. $0.67 in 1Q11."
For an analyst ratings summary and ratings history on Moody's Corp click here. For more ratings news on Moody's Corp click here.
Shares of Moody's Corp closed at $42.03 yesterday.
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