Moody’s Stock Hits All-Time High at $504.22 Amid Strong Performance

Moody’s Corporation (NYSE:MCO) stock has soared to an all-time high, reaching a price level of $504.22, with InvestingPro data showing the company trading just 1% below its 52-week peak of $503.94. This milestone underscores the company’s robust financial health and investor confidence, supported by an "GOOD" Financial Health Score from InvestingPro. Over the past year, Moody’s has delivered a 28.35% total return, while maintaining its 27-year streak of consistent dividend payments. The company’s strong performance is reflected in its impressive 73% gross profit margin and solid revenue growth of 20.4% over the last twelve months. The achievement of this all-time high serves as a testament to the company’s strategic initiatives and the positive outlook held by shareholders for its future performance. According to InvestingPro analysis, the stock appears to be trading above its Fair Value, with 16 analysts recently revising their earnings expectations upward for the upcoming period. InvestingPro subscribers have access to 10 additional key insights and a comprehensive Pro Research Report, offering deeper analysis of MCO’s valuation and growth prospects.

In other recent news, S&P Global’s fourth-quarter performance in 2024 surpassed expectations, leading BMO Capital to revise their price target from $564 to $576, maintaining an Outperform rating. The company’s debt issuance was notably robust, with full-year issuance guidance predicting a 50% increase. Meanwhile, Moody’s Corporation has also made significant strides. The company reported a 23% increase in revenue, reaching $1.8 billion, and a 32% rise in adjusted diluted earnings per share for the third quarter of 2024. Moody’s has further bolstered its offerings with the acquisition of Numerated Growth Technologies, a loan origination platform.

On the analyst front, Citi has initiated coverage on both S&P Global and Moody’s, setting a price target of $600 and $565 respectively, indicating positive growth prospects. Moody’s has also caught the attention of Baird, which raised the price target from $490 to $512, maintaining an Outperform rating. These are recent developments shaping the trajectories of S&P Global and Moody’s Corporation.

Lastly, Moody’s announced an agreement to acquire CAPE Analytics, a geospatial AI firm specializing in property assessment. This acquisition is expected to enhance Moody’s data and analytical tools for the insurance industry. The deal is set to close in the first quarter of 2025, subject to customary closing conditions and regulatory approvals.

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