BMO Capital Markets Cuts Msci (MSCI) Price Target to $178.00

Msci (NYSE:MSCI) had its target price lowered by stock analysts at BMO Capital Markets from $180.00 to $178.00 in a report issued on Monday. The brokerage presently has a “buy” rating on the technology company’s stock. BMO Capital Markets’ price target indicates a potential upside of 22.69% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Cantor Fitzgerald raised their price target on shares of Msci to $192.00 and gave the company an “overweight” rating in a report on Friday, August 3rd. Morgan Stanley raised their price target on shares of Msci from $168.00 to $174.00 and gave the company an “equal weight” rating in a report on Friday, August 3rd. Barclays restated a “hold” rating and set a $175.00 price target on shares of Msci in a report on Sunday, August 12th. Finally, Zacks Investment Research upgraded shares of Msci from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Msci currently has a consensus rating of “Buy” and a consensus target price of $175.29.

Msci stock opened at $145.08 on Monday. The firm has a market cap of $12.80 billion, a PE ratio of 36.45, a price-to-earnings-growth ratio of 2.74 and a beta of 1.09. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 7.43. Msci has a 1-year low of $123.80 and a 1-year high of $184.22.

Msci (NYSE:MSCI) last released its quarterly earnings results on Thursday, November 1st. The technology company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.06. The business had revenue of $357.90 million for the quarter, compared to the consensus estimate of $359.91 million. Msci had a net margin of 29.87% and a return on equity of 120.58%. Msci’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.00 EPS. On average, research analysts expect that Msci will post 5.26 EPS for the current year.

A number of large investors have recently bought and sold shares of MSCI. Flagship Harbor Advisors LLC acquired a new position in Msci in the 2nd quarter valued at $114,000. Smithfield Trust Co. grew its stake in Msci by 2,573.3% in the 2nd quarter. Smithfield Trust Co. now owns 802 shares of the technology company’s stock valued at $133,000 after buying an additional 772 shares during the last quarter. Advisors Asset Management Inc. grew its position in Msci by 8,437.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 70,776 shares of the technology company’s stock worth $135,000 after purchasing an additional 69,947 shares during the last quarter. Harvest Fund Management Co. Ltd grew its position in Msci by 113.9% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 800 shares of the technology company’s stock worth $142,000 after purchasing an additional 426 shares during the last quarter. Finally, Cerebellum GP LLC acquired a new stake in Msci in the 3rd quarter worth $147,000. Institutional investors and hedge funds own 92.03% of the company’s stock.

About Msci

MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. The company operates through four segments: Index, Analytics, ESG, and Real Estate. The Index segment primarily provides equity indexes for use in various areas of the investment process, including index-linked product creation and performance benchmarking, as well as portfolio construction and rebalancing, and asset allocation.

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Analyst Recommendations for Msci (NYSE:MSCI)

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