Moody's Stock Hits New 52-Week High (MCO)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Moody's Corporation (NYSE: MCO) hit a new 52-week high Monday as it is currently trading at $62.99, above its previous 52-week high of $62.97 with 1.2 million shares traded as of 11:36 a.m. ET. Average volume has been three million shares over the past 30 days.

Moody's has a market cap of $13.49 billion and is part of the services sector and diversified services industry. Shares are up 24.7% year to date as of the close of trading on Friday.

Moody's Corporation provides credit ratings; and credit, capital markets, and economic related research, data, and analytical tools worldwide. The company has a P/E ratio of 19.9, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Moody's as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, robust revenue growth, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Moody's Ratings Report.

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