MSCI (NYSE:MSCI) Price Target Raised to $662.00

by · The Cerbat Gem

MSCI (NYSE:MSCI – Free Report) had its price objective raised by Morgan Stanley from $640.00 to $662.00 in a research note issued to investors on Wednesday, Benzinga reports. They currently have an overweight rating on the technology company’s stock.

Other research analysts have also recently issued research reports about the stock. Wells Fargo & Company boosted their price objective on shares of MSCI from $570.00 to $600.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. Evercore ISI began coverage on shares of MSCI in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $690.00 price objective for the company. UBS Group dropped their target price on shares of MSCI from $695.00 to $680.00 and set a “buy” rating for the company in a research report on Wednesday. Barclays upped their target price on shares of MSCI from $650.00 to $700.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $638.00 target price on shares of MSCI in a research report on Wednesday. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $631.83.

Check Out Our Latest Report on MSCI

MSCI Price Performance

Shares of MSCI opened at $577.95 on Wednesday. The company has a market capitalization of $45.46 billion, a P/E ratio of 37.95, a PEG ratio of 2.98 and a beta of 1.11. MSCI has a one year low of $439.95 and a one year high of $631.70. The business’s 50 day simple moving average is $580.21 and its 200-day simple moving average is $530.20.

MSCI (NYSE:MSCI – Get Free Report) last announced its earnings results on Tuesday, October 29th. The technology company reported $3.86 EPS for the quarter, topping the consensus estimate of $3.77 by $0.09. The business had revenue of $724.70 million for the quarter, compared to the consensus estimate of $716.15 million. MSCI had a negative return on equity of 162.06% and a net margin of 43.06%. MSCI’s revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.45 EPS. On average, sell-side analysts anticipate that MSCI will post 14.91 EPS for the current fiscal year.

MSCI Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Friday, November 15th. MSCI’s dividend payout ratio (DPR) is 42.02%.

Hedge Funds Weigh In On MSCI

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rothschild Investment LLC acquired a new position in MSCI in the 2nd quarter worth $26,000. HWG Holdings LP acquired a new position in MSCI in the 2nd quarter worth $27,000. Crewe Advisors LLC acquired a new position in MSCI in the 1st quarter worth $34,000. Ridgewood Investments LLC acquired a new position in MSCI in the 2nd quarter worth $40,000. Finally, American National Bank & Trust bought a new position in shares of MSCI in the 3rd quarter valued at about $58,000. 89.97% of the stock is owned by institutional investors and hedge funds.

MSCI Company Profile

(Get Free Report)

MSCI Inc, together with its subsidiaries, provides critical decision support tools and solutions for the investment community to manage investment processes worldwide. The Index segment provides indexes for use in various areas of the investment process, including indexed financial product, such as ETFs, mutual funds, annuities, futures, options, structured products, and over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.

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