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Moody's Corporation (MCO)

NYSE - NYSE Delayed price. Currency in USD
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287.44+9.43 (+3.39%)
At close: 4:03PM EST

287.44 0.00 (0.00%)
After hours: 5:35PM EST

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Trade prices are not sourced from all markets
Previous close278.01
Bid287.74 x 1100
Ask287.62 x 900
Day's range278.06 - 288.40
52-week range164.19 - 305.96
Avg. volume779,853
Market cap53.78B
Beta (5Y monthly)1.15
PE ratio (TTM)30.61
EPS (TTM)9.39
Earnings date28 Apr 2021 - 03 May 2021
Forward dividend & yield2.48 (0.89%)
Ex-dividend date24 Feb 2021
1y target est319.00
  • Moody’s Analytics Wins IFRS 9 Solution Provider of the Year
    Business Wire

    Moody’s Analytics Wins IFRS 9 Solution Provider of the Year

    Customers are looking to our impairment tools—and credible forecasts—to meet the new IFRS 9 standard and strengthen their decision-making processes.

  • Vista Bank Selects Moody’s Analytics ImpairmentStudioTM Solution for ALLL and CECL
    Business Wire

    Vista Bank Selects Moody’s Analytics ImpairmentStudioTM Solution for ALLL and CECL

    Moody’s Analytics announced that Vista Bank has selected the ImpairmentStudio solution to help it address for ALLL and CECL accounting standard.

  • Dubai Developer Emaar to Take Over Mall Unit as Virus Weighs

    Dubai Developer Emaar to Take Over Mall Unit as Virus Weighs

    (Bloomberg) -- Emaar Properties PJSC, the Dubai-based developer of the world’s tallest tower, plans to take over its malls unit as the coronavirus pandemic exacerbates a property downturn in the Middle East business and tourism hub. The shares of both companies gained.The developer, which already owns 85% of Emaar Malls, proposed to pay 0.51 share for every Emaar Malls share, valuing the business at 24 billion dirhams ($6.5 billion). According to Bloomberg calculations, the offer values Emaar Malls at 1.85 dirhams per share, a premium of about 10% to its last closing price.A property glut and faltering demand in Dubai have driven prices down by more than a third since the market peaked some seven years ago. The decline has been made worse by the coronavirus pandemic, and Emaar last year temporarily halted new projects.“Even though we think the offer will be accepted by the minority shareholders of Emaar Malls, the low premium offered and the discount to the IPO price may not be welcomed by investors,” Arqaam Capital analyst Mohamad Haidar wrote in a research note Wednesday. It set a new target price for Emaar Properties at 5.26 dirhams.The shares of Emaar Properties, the biggest listed developer in Dubai, climbed as much as 5% shortly after open. Emaar Malls rose 8.3%, the sharpest jump since November.Emaar Properties sold shares in Emaar Malls, which operates one of the world’s biggest shopping centers in Dubai, in 2014. The order book was more than 30 times oversubscribed for the institutional segment, and more than 20 times for the individual part at the top of the price range at 2.9 dirhams.Restrictions to check the spread of the coronavirus pandemic weighed on the business for most of last year, though visitor numbers started to pick up when curbs were eased. Still, Emaar Malls posted a wider-than-expected loss for the year.Property broker JLL said in January that Dubai developers are likely to continue a high supply momentum this year, while S&P Global Ratings analyst Sapna Jagtiani told Bloomberg TV on Tuesday that the property market in Dubai may “bottom out” next year after a tough 2020. The chief of Damac Properties PJSC, one of Dubai’s largest developers, said last month it will take at least one to two years for the real estate market to get out of its downturn.Emaar Prices Malls Unit IPO at Top Range as Dubai Market SurgesDubai Real Estate Market May Bottom Out Next Year, S&P SaysEmaar Malls shares lost 42% of their value since they started trading in October 2014, versus a 69% drop for the parent company. Dubai’s main equities gauge slumped 49% in the same period.“Merger increases Emaar Properties weight in MSCI & FTSE but with very limited flows impact as both stocks are currently index members,” Arqaam said.(Updates with share moves in fifth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.