NEW YORK (TheStreet) -- Moody's (MCO) shares are up 0.7% to $93.11 on Friday after reporting a jump in second quarter profits to $1.12 per share that beat analysts expectations by 11 cents.
Revenue for the quarter, led by the company's bond ratings business, rose 16% to $873.5 million, well ahead of analysts estimates of $801.5 million.
TheStreet Ratings team rates MOODY'S CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate MOODY'S CORP (MCO) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, reasonable valuation levels, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."
MCO data by YCharts
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