Alert: Positive Investment/Fundamental Signals (11/6/23)-Morningstar Inc (NASDAQ: MORN)


Morningstar Inc (NASDAQ: MORN) has benefited from meaningful positive changes in fundamentals: the consensus estimate for December, 2023 increased significantly, the stock’s power rating rose above 70, and the consensus estimate for December, 2024 increased significantly.

Morningstar Inc (NASDAQ: MORN) has benefited from notable positive changes in investment behavior: its longer term price trend turned up.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, MORN is expected to continue to be an important Value Builder.

Morningstar has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Morningstar has a poor Appreciation Score of 15 but a very high Power Rating of 89, leading to the Neutral Value Trend Rating.

Recent Price Action

On 11/6/23, Morningstar Inc (NASDAQ: MORN) stock rose slightly by 0.2%, closing at $262.98. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 8.8% during the last week.

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