Moody's (MCO) Stock Looks Above Fair Value After A 64% Rise

Moody's has delivered a strong 64.0% share price gain over the past three years, which puts a bright spotlight on what kind of returns the ratings and analytics business is actually earning on the capital it deploys. With that backdrop, the live question is whether the current valuation matches the returns Moody's is generating inside the business, or whether the share price has moved ahead of those economics. A 64.0% rise over three years puts real weight on the idea that Moody's underlying...