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.
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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