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How to buy Morningstar stock in Canada | $238.01

How to buy Morningstar stock in Canada | $238.01

Morningstar (MORN) is a leading financial data & stock exchanges business based in the US. It opened the day at $238.04 after a previous close of $238.23. During the day the price has varied from a low of $237.26 to a high of $241.36. The latest price was $238.01 (25 minute delay). Morningstar is listed on the NASDAQ and employs 8,362 staff. All prices are listed in US Dollars.

How to buy Morningstar stock in Canada

  1. Choose a platform. If you're a beginner, our stock trading table below can help you choose.
  2. Open your account. You'll need your ID, bank details and national insurance number.
  3. Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
  4. Search the platform for stock code: MORN in this case.
  5. Research Morningstar stocks. The platform should provide the latest information available.
  6. Buy your Morningstar stocks. It's that simple.

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 $235.99, which is 31.54% up on its pre-crash value of $161.56 and 130.03% 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 $1,474.94.

Morningstar stock price

Use our graph to track the performance of MORN stocks over time.

Morningstar stocks at a glance

Information last updated 2021-06-16.
Open$238.04
High$241.36
Low$237.26
Close$238.01
Previous close$238.23
Change $-0.22
Change % -0.0923%
Volume 35,666
Information last updated 2021-06-10.
52-week range$138.2869 - $270.08
50-day moving average $244.9994
200-day moving average $232.2698
Wall St. target price$75
PE ratio 39.2782
Dividend yield $1.23 (0.53%)
Earnings per share (TTM) $5.902

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Note: The dollar amounts in the table below are in Canadian dollars.

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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.

Morningstar price performance over time

Historical closes compared with the last close of $238.01

1 month (2021-05-14) -2.86%
3 months (2021-03-16) -1.40%
6 months (2020-12-16) 11.70%
1 year (2020-06-16) 62.03%
2 years (2019-06-14) 63.48%
3 years (2018-06-15) 81.67%
5 years (2016-06-16) 192.29%

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 39x. In other words, Morningstar stocks trade at around 39x 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 stocks or simply that they're over-valued.

Morningstar's EBITDA

Morningstar's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$359.4 million.

The EBITDA is a measure of a Morningstar's overall financial performance and is widely used to measure a its profitability.

Morningstar financials

Revenue TTM USD$1.5 billion
Operating margin TTM 18.61%
Gross profit TTM USD$833.1 million
Return on assets TTM 6.83%
Return on equity TTM 21.63%
Profit margin 17.46%
Book value $30.769
Market capitalisation USD$10 billion

TTM: trailing 12 months

How to short and sell Morningstar stocks

  1. Create a CFD or spread betting account.
  2. Search for the stock code. E.g. "MORN.US"
  3. Choose your position size.
  4. Select "sell" rather than "buy".
  5. Confirm your position and keep tabs on it. You may wish to set limits on your position.

There are currently 248,266 Morningstar stocks held short by investors – that's known as Morningstar's "short interest". This figure is 1.5% down from 252,166 last month.

There are a few different ways that this level of interest in shorting Morningstar stocks can be evaluated.

Morningstar's "short interest ratio" (SIR)

Morningstar's "short interest ratio" (SIR) is the quantity of Morningstar stocks currently shorted divided by the average quantity of Morningstar stocks traded daily (recently around 119358.65384615). Morningstar's SIR currently stands at 2.08. In other words for every 100,000 Morningstar stocks traded daily on the market, roughly 2080 stocks are currently held short.

However Morningstar's short interest can also be evaluated against the total number of Morningstar stocks, or, against the total number of tradable Morningstar stocks (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 0.01% of the outstanding stocks (for every 100,000 Morningstar stocks in existence, roughly 10 stocks are currently held short) or 0.0106% of the tradable stocks (for every 100,000 tradable Morningstar stocks, roughly 11 stocks are currently held short).

Such a low SIR usually points to an optimistic outlook for the stock price, with fewer people currently willing to bet against Morningstar.

Find out more about how you can short Morningstar stock.

Morningstar stock dividends

21%

Dividend payout ratio: 20.59% of net profits

Recently Morningstar has paid out, on average, around 20.59% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.54% 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 0.54% return on their shares, in the form of dividend payments. In Morningstar's case, that would currently equate to about $1.23 per share.

While Morningstar's payout ratio might seem low, this can signify that Morningstar is investing more in its future growth.

Morningstar's most recent dividend payout was on 29 July 2021. The latest dividend was paid out to all shareholders who bought their stocks by 7 July 2021 (the "ex-dividend date").

Morningstar stock price volatility

Over the last 12 months, Morningstar's stocks have ranged in value from as little as $138.2869 up to $270.08. A popular way to gauge a stock's volatility is its "beta".

MORN.US volatility(beta: 1.09)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a stocks volatility in relation to the market. The market (NASDAQ average) beta is 1, while Morningstar's is 1.0853. This would suggest that Morningstar's stocks 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 overview

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. The company was incorporated in 1984 and is headquartered in Chicago, Illinois.

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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