Morningstar, Inc. (NASDAQ:MORN):
Morningstar Upgrades Analyst Rating for Seven U.S. Funds and One Target-Date Series; Downgrades 12 Funds; Assigns New Ratings to 90 Funds and Two Target-Date Series in May.
In the market the company is trading up by 1.53 percent from yesterday’s close.
Morningstar, Inc. also recently announced a dividend for shareholders to be paid on Friday the 28th of July 2017. The dividend will be $0.230 per share for the quarter or $0.92 annualized. This dividend amount will represent a yeild of $1.26. The ex-dividend date has been established as Wednesday the 5th of April 2017.
Morningstar, Inc., launched on May 16, 1984, is a provider of independent investment research in North America, Europe, Australia and Asia. The Company focuses on creating products that help investors reach their financial goals. The Company offers a range of data, software, research, and investment management offerings for financial advisors, asset managers, retirement plan providers and sponsors, and individual investors. It also provides data on the private capital markets. It provides data and research insights on a range of investment offerings, including managed investment products, publicly listed companies, private capital markets, and real-time global market data. It conducts its business operations outside of the United States through subsidiaries based in countries, including Australia, Brazil, Canada, Chile, Denmark, France, Germany, India, Italy, Japan, Luxembourg, Mexico, the Netherlands, New Zealand, Norway, People’s Republic of China (both Hong Kong and the mainland), Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Taiwan, Thailand, the United Arab Emirates, and the United Kingdom..
Shares are trading at $74.14 which is just over $73.92, the stock’s 50 day moving average and which is a tad under the 200 day moving average of $76.03. The 50 day moving average went up $0.18 or +0.25% and the 200 day average went down $-1.93 or -2.54%.
Morningstar, Inc. currently has a P/E ratio of 21.35 and market cap is 3.18B. As of the last earnings report the EPS was $3.47 and is estimated to be $2.35 for the current year with 42,930,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.61 with next year’s EPS anticipated to be $2.84.
Short traders are more bearish on Morningstar, Inc. of late if you look at the change in short interest. The firm saw a rise in short interest between May 15, 2017 and April 28, 2017 of 68.51%. Short shares grew 131,356 over that timeframe. With short interest at 323,092 and short average daily volume at 62,934, days to cover is 5.1 and the short interest percentage is 0.01% as of April 28.
Investment analysts have provided guidance on Morningstar, Inc. of late. On April 23 Keefe Bruyette & Woods held the company rating at “Market Perform” and raised the price target to $75.00 from $73.00. February 12 investment analysts at Keefe Bruyette & Woods maintained a stock rating of “Market Perform” and moved up the price target from $66.00 to $73.00.