Monthly Stock Report: Moody’s Corporation (MCO)
Publication Date: September 22, 2024
Company Overview
Moody’s Corporation (MCO), established in 1900 and headquartered in New York City, is a prominent integrated risk assessment firm operating globally within the financial services sector, particularly in the Financial Data & Stock Exchanges industry. The company operates through two primary segments: Moody’s Analytics, which provides risk management products, credit research, analytics, and structured finance solutions; and Moody’s Investors Service, specializing in credit ratings and assessments for various debt obligations and entities. Notably, Moody’s is a stock and not an ETF, making it an attractive option for investors seeking exposure in this sector.
Financial Summary and Market Outlook
As of the latest reports, Moody’s Corporation boasts a robust total revenue of approximately $6.55 billion, indicating strong financial health and significant growth potential. The current stock price is $494.66, with a target high price set at $570.00, showcasing a promising upside for investors. The recommendation key reflects a strong “buy,” underscoring the consensus among analysts who have assigned an average recommendation score of 2.2 based on 16 analyst opinions. The target price analysis suggests a range between $395.00 and $570.00, with a mean target of $481.42, indicating substantial optimism about the stock’s future performance.
Market Dynamics and Investor Sentiment
Moody’s currently has a total of 182,084,000 shares outstanding, with approximately 1,552,212 shares held short, equating to about 0.0099% of the total float. This low short interest reflects predominantly positive investor sentiment. The stock has shown resilience, with a fifty-two week high of $495.10 and a low of $298.86, illustrating its volatile nature but also a strong recovery. Furthermore, the fifty-day moving average of $466.99 indicates persistent bullish sentiment. As the financial data and stock exchanges industry continues to exhibit favorable trends, Moody’s stands out as a compelling investment opportunity, positioning itself for sustained growth amidst a dynamic market landscape.
| Metric | Value |
|---|---|
| Market Cap | $90.1b |
| Total Debt | $7.3b |
| Total Cash | $2.7b |
| Shares Outstanding | 182.1m |
| Float Shares | 168.5m |
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