A share price of Moody’s Corp. [MCO] is currently trading at $484.49, up 0.52%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MCO shares have gain 0.06% over the last week, with a monthly amount glided 10.07%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Moody’s Corp. [NYSE: MCO] stock has seen the most recent analyst activity on August 13, 2024, when Wells Fargo initiated its Overweight rating and assigned the stock a price target of $510. Previously, BMO Capital Markets downgraded its rating to Market Perform on July 24, 2024, and dropped its price target to $455. On April 02, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $450 on the stock. Wells Fargo upgraded its rating to a Overweight and increased its price target to $455 on December 15, 2023. Wolfe Research initiated its recommendation with a Outperform and recommended $390 as its price target on September 14, 2023. Goldman reiterated a Neutral rating for this stock on July 03, 2023, and upped its price target to $362. In a note dated June 15, 2023, BofA Securities initiated an Buy rating.
Moody’s Corp. experienced fluctuations in its stock price throughout the past year between $298.86 and $490.18. Currently, Wall Street analysts expect the stock to reach $393.46 within the next 12 months. Moody’s Corp. [NYSE: MCO] shares were valued at $484.49 at the most recent close of the market. An investor can expect a potential drop of -18.79% based on the average MCO price forecast.
Analyzing the MCO fundamentals
Trailing Twelve Months sales for Moody’s Corp. [NYSE:MCO] were 6.55B which represents 21.62% growth. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at 0.41%, Pretax Profit Margin comes in at 0.37%, and Net Profit Margin reading is 0.28%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.54 and Total Capital is 0.23. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.87.
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 481.25 points at the first support level, and at 478.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 486.99, and for the 2nd resistance point, it is at 489.50.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Moody’s Corp. [NYSE:MCO] is 1.48. Also, the Quick Ratio is 1.48, while the Cash Ratio stands at 0.82. Considering the valuation of this stock, the price to sales ratio is 13.46, the price to book ratio is 23.35 and price to earnings (TTM) ratio is 47.83.
Transactions by insiders
Recent insider trading involved Tulenko Stephen T, President, Moody’s Analytics, that happened on Aug 09 ’24 when 500.0 shares were sold. SVP – General Counsel, Steele Richard G completed a deal on Aug 08 ’24 to sell 1862.0 shares. Meanwhile, Officer Tulenko Stephen T bought 500.0 shares on Aug 09 ’24.
