Nuveen Municipal Credit Opportunities Fund Common Shares (NMCO)

FairStock Score: 46/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at NMCO through a Graham lens, and the first fact is that this is not an operating business with a durable competitive moat; it is a financial fund exposed to municipal credit. The numbers provided show a fund priced at $8.86 on 2026-10-13, with a market cap of $596.0M. FairStock calculates a P/E of 18.08, a P/B of 0.83, an ROE of 4.48%, and a ROCE of 3.25%. That combination says the fund trades below accounting book value but still at a full multiple of the EPS figure provided, while returns on equity and capital are modest. The 8.64% dividend yield is the main attraction, and a beta of 0.87 suggests less volatility than the market, but a yield must be covered by sustainable earnings and credit performance. Graham would notice the $10.97 Graham Number against the $8.86 close, a 19.23% margin of safety, and the 52-week range of $8.33 to $11.00, with price near the low. He would also demand financial strength. Here the evidence is poor: Piotroski F-Score 0/9, Altman Z-Score 0.52, and D/E 0.73. FairStock's 46/100 score and no Lynch category, because only 0 years of filed results are available, reinforce caution. The fund may offer discount-closing potential if municipal credit remains calm, but weak health scores and low returns mean the 8.64% yield could be compensation for real credit and leverage risk rather than a free lunch.

In plain English: Nuveen Municipal Credit Opportunities Fund Common Shares is a financial fund tied to municipal credit. The business looks weak on the numbers provided: returns are low and financial-health signals are poor. At $8.86, the price looks somewhat cheap against one calculated safety value of $10.97, but it is not clearly cheap against earnings, so the picture is mixed.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer