The stock price of Moody’s Corp. (NYSE: MCO) has plunged by -0.24 when compared to previous closing price of 384.46, but the company has seen a -2.05% decline in its stock price over the last five trading sessions. InvestorPlace reported 2024-03-28 that The world revolves around money. People use it as a medium of exchange to buy goods and services.
Is It Worth Investing in Moody’s Corp. (NYSE: MCO) Right Now?
The price-to-earnings ratio for Moody’s Corp. (NYSE: MCO) is above average at 43.91x. The 36-month beta value for MCO is also noteworthy at 1.26. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 10 rating it as “hold,” and 0 rating it as “sell.”
The public float for MCO is 182.17M, and at present, short sellers hold a 0.79% of that float. The average trading volume of MCO on April 12, 2024 was 716.82K shares.
MCO’s Market Performance
The stock of Moody’s Corp. (MCO) has seen a -2.05% decrease in the past week, with a -1.38% drop in the past month, and a 1.85% gain in the past quarter. The volatility ratio for the week is 1.63%, and the volatility levels for the past 30 days are at 1.64% for MCO. The simple moving average for the past 20 days is -1.68% for MCO’s stock, with a 7.00% simple moving average for the past 200 days.
Analysts’ Opinion of MCO
Many brokerage firms have already submitted their reports for MCO stocks, with Barclays repeating the rating for MCO by listing it as a “Overweight.” The predicted price for MCO in the upcoming period, according to Barclays is $450 based on the research report published on April 02, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see MCO reach a price target of $455, previously predicting the price at $365. The rating they have provided for MCO stocks is “Overweight” according to the report published on December 15th, 2023.
Wolfe Research gave a rating of “Outperform” to MCO, setting the target price at $390 in the report published on September 14th of the previous year.
MCO Trading at -1.15% from the 50-Day Moving Average
After a stumble in the market that brought MCO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.91% of loss for the given period.
Volatility was left at 1.64%, however, over the last 30 days, the volatility rate increased by 1.63%, as shares sank -1.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.27% lower at present.
During the last 5 trading sessions, MCO fell by -2.05%, which changed the moving average for the period of 200-days by +14.57% in comparison to the 20-day moving average, which settled at $389.83. In addition, Moody’s Corp. saw -1.79% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MCO starting from Steele Richard G, who sale 304 shares at the price of $382.34 back on Mar 04 ’24. After this action, Steele Richard G now owns 1,615 shares of Moody’s Corp., valued at $116,284 using the latest closing price.
Fauber Robert, the President and CEO of Moody’s Corp., sale 2,547 shares at $376.50 during a trade that took place back on Jan 16 ’24, which means that Fauber Robert is holding 54,099 shares at $958,946 based on the most recent closing price.
Stock Fundamentals for MCO
Current profitability levels for the company are sitting at:
- 0.37 for the present operating margin
- 0.7 for the gross margin
The net margin for Moody’s Corp. stands at 0.27. The total capital return value is set at 0.18. Equity return is now at value 55.06, with 11.09 for asset returns.
Based on Moody’s Corp. (MCO), the company’s capital structure generated 0.68 points at debt to capital in total, while cash flow to debt ratio is standing at 0.3. The debt to equity ratio resting at 2.14. The interest coverage ratio of the stock is 7.29.
Currently, EBITDA for the company is 2.59 billion with net debt to EBITDA at 1.95. When we switch over and look at the enterprise to sales, we see a ratio of 12.73. The receivables turnover for the company is 3.4for trailing twelve months and the total asset turnover is 0.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.69.
Conclusion
In summary, Moody’s Corp. (MCO) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
