As of Friday close, Moody’s Corporation’s (NYSE:MCO) stock was down -$1.48, moving down -0.45 percent to $327.02. The average number of shares traded per day over the past five days has been 534,620 shares. 1 time new highs have been achieved over the past 5 days, with a -$9.68 fall in that time frame. In the last twenty days, the average volume was 715,100, while in the previous 50 days, it was 750,362.
Since last month, MCO stock retreated -8.87%. Shares of the company fell to $323.01 on 08/18/23, the lowest level in the past month. A 52-week high of $363.19 was reached on 07/25/23 after having rallying from a 52-week low of $230.16. Since the beginning of this year, MCO’s stock price has risen by 17.37% or $48.40, and marked a new high 24 times. However, the stock has declined by -9.96% since its 52-week high.
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MCO stock investors should be aware that Moody’s Corporation (MCO) stock had its last reported insider trading activity 3 days ago on Aug 16. Fauber Robert, the President and CEO of the company, disposed of 2,549 shares for $331.23 on Aug 16. It resulted in a $844,305 divestment by the insider. Sullivan Caroline sold 297 shares at an average price of $339.04 on Aug 10. The insider now owns 891 shares following the transaction. On Aug 07, EVP & Chief Financial Officer Kaye Mark sold 15,158 shares at $340.97 apiece. The transaction was valued at $5,168,368.
Valuation Metrics
Right now, Moody’s Corporation (MCO) has a P/E ratio of about 40.81. The stock’s beta is 1.30. Besides these, the trailing price-to-sales (P/S) ratio of 10.94, the price-to-book (PB) ratio of 19.09, and the price-to-cash flow ratio of 36.69 may also be considered.
The latest dividend of $0.77 per share was paid out, remained unchanged from last year’s $0.77. On Monday January 30 2023, a $0.07 dividend increase was announced.
Financial Health
In the three months ended June 29, Moody’s Corporation’s quick ratio stood at 1.60, while its current ratio was 1.60, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.20, and the total debt-to-equity ratio was 2.30. On the profitability front, the trailing twelve-month gross margin is 70.00% percent. In the year ended June 29, EBITDA margin amounted to 42.57%, whereas operating margins totaled 34.20%. Based on annual data, MCO earned $3.85 billion in gross profit and brought in $5.47 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 16.30%. Return on equity (ROE) for the past 12 months was 52.80%.
In Moody’s Corporation’s quarter-end financial report for June 29, it reported total debt of $6.92 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Moody’s Corporation to report $2.24 quarterly earnings, the actual figure was $2.3 per share, beating the consensus estimate by 2.70%. During the quarter, the company generated $643.0 million in EBITDA. The liabilities of Moody’s Corporation were 11.38 billion at the end of its most recent quarter ended June 29, and its total debt was $7.91 billion. The value of shareholders’ equity is $183.5 million.
Technical Picture
This quick technical analysis looks at Moody’s Corporation’s (MCO) price momentum. With a historical volatility rate of 11.15%, the RSI 9-day stood at 23.90% on 18 August.
With respect to its five-day moving average, the current Moody’s Corporation price is down by -2.87% percent or -$9.68. At present, MCO shares trade -8.60% below its 20-day simple moving average and +11.54% percent above its 100-day simple moving average. However, the stock is currently trading approximately -0.14% below its SMA50 and +23.46% above its SMA200.
Stochastic coefficient K was 5.51% and Stochastic coefficient D was 5.38%, while ATR was 5.46. Given the Stochastic reading of 13.23% for the 14-day period, the RSI (14) reading has been calculated as 31.57%. As of today, the MACD Oscillator reading stands at -5.44, while the 14-day reading stands at -8.60.
Analyst Ratings
Goldman reiterated its a Neutral rating on Moody’s Corporation (NYSE: MCO) in a note to investors. The analysts firm has however raised their price target to $362, representing a possible 0.3% increase in the stock price. Moody’s Corporation (MCO) has been rated Overweight by analysts. According to 0 brokerage firms, MCO is a sell, and 11 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 2 analysts rate Moody’s Corporation stock as buy, with 9 recommending it as overweight.
With a median target price of $370.00, the current consensus forecast for the stock is $340.00 – $420.00. Based on these forecasts, analysts predict Moody’s Corporation (MCO) will achieve an average price target of $373.44.
