A director at Moodys Corp sold 1,569 shares at 449.589USD and the significance rating of the trade was 72/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly sho...
The independent financial analyst theScreener just requalified the general evaluation of MOODY'S (US), active in the Speciality Finance industry. As regards its fundamental valuation, the title still shows 0 out of 4 stars and its market behaviour is seen as moderately risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date February 8, 2022, the clo...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Shifting To Growth As 10-Yr Yield Breaks Key Support We are beginning to see some mild deterioration in market dynamics, including a break below the key 1.45% support level on the 10-year Treasury yield which is coupled with underperformance from small-caps and value Sectors. Still, other indicators remain largely positive. As a result, we continue to see a mixed, but overall constructive market. Sector Relative Strength Rankings & Weighting Recommendations. We are shifting toward favoring gro...
MCO currently trades at a historical high relative to Uniform earnings, with a 26.1x Uniform P/E (Fwd V/E'). At these levels, the market is pricing in expectations for Uniform ROA to expand from 54% in 2019 to 68% in 2024, accompanied by 4% Uniform asset growth going forward. Meanwhile, analysts have less bullish expectations, projecting Uniform ROA to improve to just 58% levels through 2021, accompanied by 1% Uniform asset growth. However, management appears concerned about sales, credit rating...
Moody's Corporation (MCO:USA) currently trades at a historical high relative to UAFRS-based (Uniform) earnings, with a 30.2x Uniform P/E. At these levels, the market has bullish expectations for the firm, but management may be concerned about the impact of COVID-19 on their sales, credit ratings quality, and Moody's Analytics Specifically, management may be concerned about the impact of COVID-19 on their customer renewals and new sales activity. Furthermore, they may lack confidence in their ab...
WMT currently trades above corporate averages relative to Uniform earnings with a 30.0x Uniform P/E. At these levels, the market is pricing in expectations for Uniform ROA to expand from 9% in 2020 to 14% in 2025, accompanied by 1% Uniform asset shrinkage going forward. Meanwhile, analysts have less bullish expectations, projecting Uniform ROA to maintain 9% levels through 2022, accompanied by 2% Uniform asset shrinkage. Furthermore, management may be concerned about growth, margins, and e-comm...
Moody's Corporation (MCO:USA) currently trades at a historical high relative to UAFRS-based (Uniform) earnings, with a 30.1x Uniform P/E. At these levels, the market has bullish expectations for the firm, but management may be concerned about meeting free cash flow targets, Moody's Analytics usage sustainability, and the health of credit markets Specifically, management may lack confidence in their ability to reach their net interest expense and free cash flow targets, optimize the balance shee...
Market In “Wait-And-See†Phase We started to see waning upside momentum in the S&P 500 last week with the rising wedge breakdown and 2760 support level violation on Tuesday. Despite this, there was no downside follow through the following day as investors digested a new $484B fiscal relief package. This led to the S&P 500 finding support at 2725-2735 which leads us to where we are now -- testing recent highs. We see waning upside momentum and several aspects continue to suggest the S&P 500 ...
Encouraging Signs, But Not Out Of The Woods Positive news flow surrounding COVID-19 is encouraging on many fronts, and we welcome headlines such as peaking infections/deaths in Italy & Spain, certain European governments making plans to ease lockdowns, and that US death projections were likely overestimated. Despite encouraging news and the S&P 500 (SPX) hitting multi-week highs, market signals continue to suggest that this is a fairly standard bear market rally, making us believe the broad equ...
BSX currently trades below recent averages relative to UAFRS-based (Uniform) Earnings, with an 18.2x Uniform P/E. At these levels, the market is pricing in expectations for Uniform ROA to fade from 30% in 2019 to 23% in 2024, accompanied by 3% Uniform Asset growth. However, analysts have bullish expectations, projecting Uniform ROA to improve to 34% by 2021, accompanied by 1% Uniform Asset growth. In addition, they are confident about their operational revenue growth, brain modulation and SCS po...
Moody's Corporation (MCO:USA) currently trades at recent averages relative to UAFRS-based (Uniform) Earnings, with a 19.6x Uniform P/E, implying bullish expectations for the firm. However, management may be concerned about their revenue growth, credit markets, and RDC acquisition Specifically, management may lack confidence in their ability to sustain growth in their US High-yield bond, ERS segment, and China-related revenues, and they may also lack confidence in their ability to expand thei...
YUM currently trades near recent averages relative to UAFRS-based (Uniform) Earnings, with a 25.1x Uniform P/E. At these levels, the market is pricing in expectations for Uniform ROA to expand from 39% in 2018 to 64% by 2023, accompanied by immaterial Uniform Asset growth going forward. Meanwhile, analysts have somewhat less bullish expectations, projecting Uniform ROA to only improve to 48% in 2020, accompanied by 2% Uniform Asset compression. However, management may be concerned about Taco Bel...
Moody's Corporation (MCO:USA) currently trades at recent highs relative to UAFRS-based (Uniform) Earnings, with a 26.6x Uniform P/E, implying bullish expectations for the firm. However, management may be concerned about their revenue growth, credit markets, and their long-term strategy Specifically, management may lack confidence in their ability to sustain Moody's and Moody's Analytics revenue growth, improve rep productivity, and manage acquisition-related costs. Furthermore, they may be co...
V currently trades above corporate averages relative to UAFRS-based (Uniform) Earnings, with a 29.1x Uniform P/E. At these levels, the market is pricing in expectations for Uniform ROA to expand from 69% in 2018 to 84% through 2023, accompanied by 11% Uniform Asset growth going forward. Analysts have similar expectations, projecting Uniform ROA to rise to 79% through 2020, accompanied by 9% Uniform Asset growth. However, management may be concerned about their marketing investments, VisaNet, and...
Moody's Corporation (MCO:USA) currently trades at recent highs relative to UAFRS-based (Uniform) Earnings, with a 23.6x Uniform P/E. Even at these levels, the market has bearish expectations for the firm, and management may be concerned about their operating income, their ability to integrate acquisitions, and their operations in China. Specifically, management may lack confidence in their ability to sustain recent adjusted operating income growth, and they may be exaggerating the value of thei...
The S&P 500 continues its march higher, however the troops have been unable to keep up with the generals and with this is an ounce of concern. Sending the generals into battle often ends up with no more leaders. Our view of the markets is to deploy a barbell approach of growth and safety. While growth continues to outperform, it does so without the small-caps. Meanwhile utilities and staples continue to march just behind the growth areas of the market, and have been unable to reach new RS highs ...
HOLX currently trades near recent averages relative to UAFRS-based (Uniform) Earnings, with an 18.5x Uniform P/E. At these levels, the market is pricing in expectations for Uniform ROA to decline from 36% in 2018 to 16% in 2023, accompanied by 10% Uniform Asset growth. Analysts have similar expectations, projecting Uniform ROA to decline to 28% in 2020, accompanied by immaterial Uniform Asset growth. However, management is excited about the efficacy of their products, and confident in the margin...
Moody's Corporation (MCO:USA) currently trades at recent highs relative to UAFRS-based (Uniform) Earnings, with a 22.3x Uniform P/E. Even at these levels, the market has bearish expectations for the firm, and management has concerns about the US Treasury yield curve, the growth of ESG analysis and research, and acquisitions. Specifically, management may be concerned about U.S. Treasury yield curve inflection, the impact of refinancing on corporate bond issuances, and policies affecting their p...
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