Organic Growth and Acquisitions Drive a Strong Quarter for Moody's Corporation
As Moody's Corporation's (NYSE: MCO) third quarter 2017 earnings illuminated, both of its major divisions prospered during the last three months. Moody's Investors Service (MIS) booked record revenue, while Moody's Analytics (MA) closed on a significant acquisition during the quarter. And for the second time in as many quarters, the company raised full-year earnings guidance. Below, we'll walk through details of the report, and look ahead to management's view of the final quarter of the year:
Data source: Moody's Corporation.
MIS, Moody's credit rating arm, expanded revenue by 13%, to $694.2 million. U.S. revenue showed a healthy 9% increase to $427.7 million, while faster growing non-U.S. revenue jumped 21% to $266.5 million.
Source: Fool.com
Moodys Corp. Stock
With 22 Buy predictions and not a single Sell prediction Moodys Corp. is an absolute favorite of our community.
However, we have a potential of -4.23% for Moodys Corp. as the target price of 396 € is below the current price of 413.5 €.
