A clearly big and popular name, Moody’s reached on Friday a market cap of $ 67.9 Bln. The shares are very close to their ATH, reaching $371 before the close. Shareholders are obviously thrilled with the stock, because they made a ton of money!
Trading below $300 in November, MCO made a killing by rising with more than $70 per share in 30 days! this is more than 25% return. The stock broke out of the downward channel with enormous bullish momentum and the price is above the 20 day MA, which is itself above the 50 and the 200 MA. This is is a very good indication that buyers hold control now.
And this is not a surprising fact. For almost 20 consecutive years, MCO beat their revenue, which for this year is $ 5.72 Bln. This is more than every single direct competitor’s revenue. In addition to that their operating margin is a fantastic 32% – this is also more than every single direct competitor out there! The P/E of the stock is high, 44.3, but this is only normal. MCO is a loved company, it makes a lot of money, investors have big expectations about the future and this is why the PE is high.
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