There is no shortage of investors who are bullish on Moody’s Corp. (MCO) stock

At the time of writing, Moody’s Corp. [MCO] stock is trading at $391.58, up 0.66%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MCO shares have gain 3.20% over the last week, with a monthly amount drifted -1.63%, and not seem to be holding up well over a long-time horizon.

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On 29, February 2024, Moody’s Corporation to Present at a Fireside Chat Hosted by Bank of America on March 7, 2024. In a post published today on Yahoo Finance, Moody’s Corporation (NYSE: MCO) announced today that Stephen Tulenko, President of Moody’s Analytics, will present at the “Moody’s Analytics Primer – a Deep Dive into MA” virtual session hosted by Bank of America on Thursday, March 7, 2024. The event will begin promptly at 8:00 a.m. Eastern Time and the audio will be webcast live. The audio webcast will be accessible at Moody’s Investor Relations website, ir.moodys.com.

From an analyst’s perspective:

Moody’s Corp. [NYSE: MCO] stock has seen the most recent analyst activity on December 15, 2023, when Wells Fargo upgraded its rating to a Overweight and also boosted its price target to $455 from $365. Previously, Wolfe Research started tracking the stock with Outperform rating on September 14, 2023, and set its price target to $390. On July 03, 2023, Goldman reiterated its Neutral rating and revised its price target to $362 on the stock. BofA Securities started tracking the stock assigning a Buy rating. Wells Fargo initiated its recommendation with a Equal Weight and recommended $312 as its price target on May 09, 2023. Raymond James downgraded its rating to Mkt Perform for this stock on February 01, 2023. In a note dated August 10, 2022, Deutsche Bank downgraded an Hold rating on this stock but restated the target price of $324.

For the past year, the stock price of Moody’s Corp. fluctuated between $278.23 and $407.62. Currently, Wall Street analysts expect the stock to reach $332 within the next 12 months. Moody’s Corp. [NYSE: MCO] shares were valued at $391.58 at the most recent close of the market. An investor can expect a potential drop of -15.22% based on the average MCO price forecast.

Analyzing the MCO fundamentals

According to Moody’s Corp. [NYSE:MCO], the company’s sales were 5.92B for trailing twelve months, which represents an 14.73% jump. Gross Profit Margin for this corporation currently stands at 0.7% with Operating Profit Margin at 0.37%, Pretax Profit Margin comes in at 0.33%, and Net Profit Margin reading is 0.27%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.51 and Total Capital is 0.18. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.14.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 389.01 points at the first support level, and at 386.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 394.32, and for the 2nd resistance point, it is at 397.05.

Moody’s Corp. [MCO] reported earnings per share of $2.19 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.32/share, meaning a difference of -$0.13 and a surprise factor of -5.60%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.43 per share as compared to estimates of $2.3 per share, a difference of $0.13 representing a surprise of 5.70%.

Ratios To Look Out For

It is important to note that Moody’s Corp. [NYSE:MCO] has a current ratio of 1.69. As well, the Quick Ratio is 1.69, while the Cash Ratio is 0.85. Considering the valuation of this stock, the price to sales ratio is 12.08, the price to book ratio is 21.53 and price to earnings (TTM) ratio is 44.83.

Transactions by insiders

Recent insider trading involved Steele Richard G, SVP – General Counsel, that happened on Mar 04 ’24 when 304.0 shares were sold. President and CEO, Fauber Robert completed a deal on Jan 16 ’24 to sell 2547.0 shares. Meanwhile, President and CEO Fauber Robert sold 2546.0 shares on Dec 29 ’23.

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