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Msci (MSCI) Price Target Raised to $247.00
Posted by Michael Taylor on May 5th, 2019
Msci (NYSE:MSCI) had its target price boosted by stock analysts at Cantor Fitzgerald from $188.00 to $247.00 in a research note issued on Friday, The Fly reports. Cantor Fitzgerald's price target points to a potential upside of 8.84% from the stock's current price.
Several other equities analysts have also commented on MSCI. Morgan Stanley set a $184.00 price target on shares of Msci and gave the stock a "hold" rating in a research report on Friday, March 1st. Zacks Investment Research lowered shares of Msci from a "hold" rating to a "sell" rating in a research report on Tuesday, January 8th. BMO Capital Markets set a $190.00 price target on shares of Msci and gave the stock a "buy" rating in a research report on Saturday, February 2nd. UBS Group upped their price target on shares of Msci to $234.00 and gave the stock a "buy" rating in a research report on Monday, April 8th. Finally, Macquarie set a $188.00 price target on shares of Msci and gave the stock a "hold" rating in a research report on Friday, March 1st. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Msci presently has a consensus rating of "Buy" and a consensus target price of $205.67.
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MSCI stock traded up $5.64 during trading on Friday, hitting $226.93. 519,383 shares of the company's stock traded hands, compared to its average volume of 576,499. The company has a debt-to-equity ratio of 6.80, a current ratio of 1.77 and a quick ratio of 1.77. Msci has a 52 week low of $134.28 and a 52 week high of $227.41. The firm has a market cap of $19.21 billion, a price-to-earnings ratio of 42.42, a PEG ratio of 3.67 and a beta of 1.19.
Msci (NYSE:MSCI) last released its earnings results on Thursday, May 2nd. The technology company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.15. Msci had a net margin of 39.27% and a return on equity of 264.27%. The firm had revenue of $371.38 million during the quarter, compared to analyst estimates of $371.48 million. During the same quarter in the previous year, the firm earned $1.31 earnings per share. The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, analysts expect that Msci will post 6.23 EPS for the current fiscal year.
In other news, insider Scott A. Crum sold 19,000 shares of the company's stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $175.14, for a total transaction of $3,327,660.00. Following the completion of the transaction, the insider now owns 96,999 shares in the company, valued at $16,988,404.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.10% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in Msci by 0.5% in the 4th quarter. BlackRock Inc. now owns 6,413,485 shares of the technology company's stock valued at $945,540,000 after acquiring an additional 34,795 shares during the last quarter. American Century Companies Inc. lifted its stake in Msci by 2.5% during the fourth quarter. American Century Companies Inc. now owns 1,615,249 shares of the technology company's stock valued at $238,136,000 after buying an additional 39,480 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Msci by 7.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,549,751 shares of the technology company's stock valued at $228,480,000 after buying an additional 103,911 shares in the last quarter. DSM Capital Partners LLC lifted its stake in Msci by 24.6% during the fourth quarter. DSM Capital Partners LLC now owns 1,252,070 shares of the technology company's stock valued at $184,593,000 after buying an additional 247,304 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Msci by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 1,158,543 shares of the technology company's stock valued at $170,508,000 after buying an additional 30,881 shares in the last quarter. Hedge funds and other institutional investors own 93.73% 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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