MSCI (NYSE:MSCI) Rating Increased to Buy at Zacks Investment Research
MSCI (NYSE:MSCI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday, January 4th. The firm presently has a $143.00 target price on the technology company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 3.20% from the company’s previous close.
According to Zacks, “MSCI Inc. is an independent provider of research-driven insights and tools for institutional investors. They have deep expertise in the areas of risk and performance measurement that is based on more than 40 years of academic research, real-world experience and collaboration with their clients. Their broad product line supports clients’ needs across all major asset classes and provides them with a consistent way of looking at risk and performance from front to middle office. They have a highly flexible business model that enables clients to select the individual products and services they need and integrate them into their own investment processes and methodologies. “
Other equities research analysts have also issued reports about the stock. Barclays reaffirmed a “hold” rating and set a $135.00 price objective on shares of MSCI in a report on Tuesday, December 19th. UBS Group increased their price objective on shares of MSCI from $125.00 to $141.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Morgan Stanley increased their price objective on shares of MSCI from $129.00 to $130.00 and gave the company an “equal weight” rating in a report on Friday, November 3rd. Credit Suisse Group increased their price objective on shares of MSCI from $120.00 to $141.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $126.00 target price on shares of MSCI in a report on Thursday, November 2nd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $136.00.
MSCI (NYSE:MSCI) last released its earnings results on Thursday, November 2nd. The technology company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. MSCI had a net margin of 24.97% and a return on equity of 106.15%. The company had revenue of $322.10 million for the quarter, compared to analysts’ expectations of $322.96 million. During the same quarter last year, the business earned $0.77 EPS. The firm’s revenue was up 11.7% compared to the same quarter last year. equities analysts forecast that MSCI will post 3.83 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of MSCI. Dupont Capital Management Corp purchased a new position in MSCI during the third quarter worth $105,000. Toronto Dominion Bank lifted its position in shares of MSCI by 13.7% during the second quarter. Toronto Dominion Bank now owns 1,113 shares of the technology company’s stock worth $115,000 after purchasing an additional 134 shares during the last quarter. Cerebellum GP LLC bought a new stake in shares of MSCI during the fourth quarter worth $125,000. Tocqueville Asset Management L.P. bought a new stake in shares of MSCI during the third quarter worth $201,000. Finally, Fishman Jay A Ltd. MI bought a new stake in shares of MSCI during the third quarter worth $219,000. 92.93% of the stock is owned by institutional investors.
MSCI Company Profile
MSCI Inc offers products and services to support the needs of institutional investors throughout their investment processes. Its segments include Index, Analytics and All Other segment. All Other segment comprises environmental, social and governance (ESG) and Real Estate segments. Its indexes are used 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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