At the time of writing, Moody’s Corp. [MCO] stock is trading at $391.57, down -0.22%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MCO shares have gain 0.34% over the last week, with a monthly amount glided 2.37%, and seem to be holding up well over a long-time horizon.
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On 4, April 2024, Atsi Sheth Appointed Chief Credit Officer for Moody’s Ratings. In a post published today on Yahoo Finance, Moody’s Corporation (NYSE:MCO) today announced that Atsi Sheth has been appointed Chief Credit Officer for Moody’s Ratings. She will assume responsibility for the Ratings & Process Oversight, Credit Strategy & Research, Methodology & Model Development, and Methodology Review groups.
From an analyst’s perspective:
Moody’s Corp. [NYSE: MCO] stock has seen the most recent analyst activity on April 02, 2024, when Barclays upgraded its rating to a Overweight and also boosted its price target to $450 from $375. Previously, Wells Fargo upgraded its rating to Overweight on December 15, 2023, and elevated its price target to $455. On September 14, 2023, Wolfe Research initiated with a Outperform rating and assigned a price target of $390 on the stock. Goldman reiterated its Neutral rating and increased its price target to $362 on July 03, 2023. BofA Securities initiated its recommendation with a Buy. Wells Fargo started tracking with a Equal Weight rating for this stock on May 09, 2023, and assigned it a price target of $312. In a note dated February 01, 2023, Raymond James downgraded an Mkt Perform rating on this stock.
For the past year, the stock price of Moody’s Corp. fluctuated between $290.98 and $407.62. Currently, Wall Street analysts expect the stock to reach $357.31 within the next 12 months. Moody’s Corp. [NYSE: MCO] shares were valued at $391.57 at the most recent close of the market. An investor can expect a potential drop of -8.75% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.14.
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 387.71 points at the first support level, and at 383.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 398.90, and for the 2nd resistance point, it is at 406.24.
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. In addition, the Quick Ratio stands at 1.69 and the Cash Ratio stands at 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.
