Moody's Co. (NYSE:MCO – Get Free Report) has received an average rating of "Moderate Buy" from the thirteen research firms that are presently covering the firm, MarketBeat Ratings reports. When numerous analysts issue a consensus rating, it's worth taking notice. But what's more interesting is the reason behind this rating.
According to MarketBeat Ratings, the thirteen research firms covering Moody's Co. have issued various recommendations. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company's stock.
So, why the "Moderate Buy" consensus? The answer lies in the analysts' outlook on the company's future performance. Those who have issued a buy or strong buy rating are likely expecting Moody's Co. to outperform the market in the coming months. On the other hand, those who have issued a hold rating are likely adopting a more cautious approach.
But what does this mean for investors? If you're considering adding Moody's Co. to your portfolio, it's essential to understand the reasons behind the consensus rating. Are the analysts expecting the company to announce a significant earnings boost? Or are they anticipating a major expansion in the company's product line?
Whatever the reason, one thing is clear – the analysts are bullish on Moody's Co. And when numerous analysts issue a consensus rating, it's worth taking notice.
So, should you be buying Moody's Co. (NYSE:MCO)? That depends on your individual investment goals and risk tolerance. However, if you're looking for a stock with a strong consensus rating, Moody's Co. is certainly worth considering.
As always, it's essential to do your own research and consider multiple perspectives before making any investment decisions. But if you're looking for a stock with a "Moderate Buy" consensus rating, Moody's Co. is certainly worth adding to your watchlist.