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How to buy Morningstar stock in Canada | $298
How to buy Morningstar stock in Canada | $298
Morningstar Inc is a financial data & stock exchanges business based in the US. Morningstar shares (MORN) are listed on the NASDAQ and all prices are listed in US Dollars. Morningstar employs 8,777 staff and has a trailing 12-month revenue of around USD$1.5 billion.
How to buy shares in Morningstar
- Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
- Open your brokerage account. Complete an application with your details.
- Confirm your payment details. Fund your account.
- Research the stock. Find the stock by name or ticker symbol – MORN – and research it before deciding if it's a good investment for you.
- Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
- Check in on your investment. Optimize your portfolio by tracking your stock.
Is it a good time to buy Morningstar stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
What's in this guide?
- Can I buy shares in Morningstar?
- Has coronavirus impacted Morningstar shares?
- Morningstar shares summary
- Compare share dealing platforms
- Is Morningstar stock a buy or sell?
- Morningstar performance over time
- Can I short Morningstar shares?
- Are Morningstar shares over-valued?
- Morningstar's financials
- How volatile are Morningstar shares?
- Does Morningstar pay a dividend?
- Other common questions
How has Coronavirus impacted Morningstar's stock price?
Since the stock market crash in March caused by coronavirus, Morningstar's stock price has had significant positive movement.
Its last market close was $298, which is 45.79% up on its pre-crash value of $161.56 and 190.48% up on the lowest point reached during the March crash when the stocks fell as low as $102.59.
If you had bought $1,000 worth of Morningstar stocks at the start of February 2020, those stocks would have been worth $675.38 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,862.50.
Morningstar stock priceUse our graph to track the performance of MORN stocks over time.
Morningstar shares at a glance
|Latest market close||$298.00|
|52-week range||$175.85 - $298.24|
|50-day moving average||$273.76|
|200-day moving average||$255.34|
|Wall St. target price||$75.00|
|Dividend yield||$1.245 (0.43%)|
|Earnings per share (TTM)||$5.54|
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Note: The dollar amounts in the table below are in Canadian dollars.
Morningstar price performance over time
|1 week (2021-10-18)||8.34%|
|1 month (2021-09-24)||6.94%|
|3 months (2021-07-23)||19.34%|
|6 months (2021-04-23)||21.15%|
|1 year (2020-10-23)||61.47%|
|2 years (2019-10-25)||103.80%|
|3 years (2018-10-25)||128.00%|
|5 years (2016-10-25)||317.72%|
Is Morningstar under- or over-valued?
Valuing Morningstar stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Morningstar's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Morningstar's P/E ratio
Morningstar's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 54x. In other words, Morningstar shares trade at around 54x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Morningstar's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $379.3 million.
The EBITDA is a measure of a Morningstar's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$1.5 billion|
|Operating margin TTM||18.59%|
|Gross profit TTM||$833.1 million|
|Return on assets TTM||7.1%|
|Return on equity TTM||19.64%|
|Market capitalisation||$12.8 billion|
TTM: trailing 12 months
Shorting Morningstar shares
There are currently 200,936 Morningstar shares held short by investors – that's known as Morningstar's "short interest". This figure is 22.3% down from 258,505 last month.
There are a few different ways that this level of interest in shorting Morningstar shares can be evaluated.
Morningstar's "short interest ratio" (SIR)
Morningstar's "short interest ratio" (SIR) is the quantity of Morningstar shares currently shorted divided by the average quantity of Morningstar shares traded daily (recently around 89703.571428571). Morningstar's SIR currently stands at 2.24. In other words for every 100,000 Morningstar shares traded daily on the market, roughly 2240 shares are currently held short.
However Morningstar's short interest can also be evaluated against the total number of Morningstar shares, or, against the total number of tradable Morningstar shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Morningstar's short interest could be expressed as 0% of the outstanding shares (for every 100,000 Morningstar shares in existence, roughly 0 shares are currently held short) or 0.0086% of the tradable shares (for every 100,000 tradable Morningstar shares, roughly 9 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Morningstar.
Morningstar share dividends
Dividend payout ratio: 27.75% of net profits
Recently Morningstar has paid out, on average, around 27.75% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.42% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Morningstar shareholders could enjoy a 0.42% return on their shares, in the form of dividend payments. In Morningstar's case, that would currently equate to about $1.245 per share.
While Morningstar's payout ratio might seem fairly standard, it's worth remembering that Morningstar may be investing much of the rest of its net profits in future growth.
Morningstar's most recent dividend payout was on 29 October 2021. The latest dividend was paid out to all shareholders who bought their shares by 18 October 2021 (the "ex-dividend date").
Morningstar share price volatility
Over the last 12 months, Morningstar's shares have ranged in value from as little as $175.851 up to $298.24. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Morningstar's is 1.0725. This would suggest that Morningstar's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
Morningstar, Inc. provides independent investment research services in North America, Europe, Australia, and Asia. The company offers web-based tools; investment data, fundamental equity and manager research, private capital markets research, credit and fund rating, and index, as well as environmental, social, and governance (ESG) rating services; and investment offerings, including managed investment products, publicly listed and private companies, fixed income securities, and real-time global market data for financial advisors, asset managers, retirement plan providers and sponsors, and individual and institutional investors. It also provides Morningstar Data, an investment data spanning various databases, including equity fundamentals, managed investments, ESG factors, and market data; Morningstar Direct, an investment-analysis platform; Morningstar Managed Portfolios, an advisor service consisting of model portfolio that offers services for independent financial advisors, as well as offers asset allocation services for asset managers, broker/dealers, and insurance providers; Morningstar Advisor Workstation, a web-based research, financial planning, and proposal generation platform; and Morningstar. com, a website for individual investors. In addition, the company offers Morningstar Enterprise Components; Morningstar Credit Ratings that provides issuance and surveillance services for structured finance products and instruments; corporate credit estimates and operational risk assessment rankings; Morningstar Indexes for creating investment products; Morningstar workplace solutions, such as retirement accounts, fiduciary services, allocation funds, and custom models; and PitchBook Platform, research and analysis workstation for investment and research professionals. Further, its PitchBook provides a mobile application, excel plug-in, data feeds, and data solutions.
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