Msci (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 note issued on Monday. The brokerage currently has a $193.00 target price on the technology company’s stock. Zacks Investment Research‘s price target points to a potential upside of 11.45% from the stock’s current price.
According to Zacks, “MSCI’s fourth-quarter 2018 results were impressive as both earnings and revenues increased on a year-over-year basis. Index sales and one-time sales in the quarter were highest in the company’s history. Moreover, in terms of retention rate, this fourth-quarter was best in MSCI’s history. Cancellation rate was also relatively low in the quarter. The company benefited from the growth of non-ETF passive funds related to MSCI indexes, exchange-traded futures and options products, strong demand for custom and factor index modules and the increasing adoption of the ESG solution into the investment process. MSCI also gained from strong traction in client segments, like wealth management, banks and broker dealers. Moreover, the company generated record free cash flow. Shares have outperformed the industry in the past year.”
A number of other research firms have also weighed in on MSCI. Barclays lowered their price objective on Msci from $175.00 to $165.00 and set an “overweight” rating on the stock in a research note on Monday, January 7th. BMO Capital Markets reduced their target price on Msci from $180.00 to $178.00 and set a “buy” rating on the stock in a research report on Monday, November 5th. Cantor Fitzgerald lifted their target price on Msci to $188.00 and gave the company a “buy” rating in a research report on Friday, February 1st. Morgan Stanley set a $172.00 target price on Msci and gave the company a “hold” rating in a research report on Monday, October 15th. Finally, Buckingham Research initiated coverage on Msci in a research report on Friday, January 25th. They issued a “neutral” rating and a $171.00 target price on the stock. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Msci currently has a consensus rating of “Buy” and an average target price of $181.50.
Msci (NYSE:MSCI) last released its quarterly earnings data on Thursday, January 31st. The technology company reported $1.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.01. The company had revenue of $361.69 million for the quarter, compared to analyst estimates of $360.95 million. Msci had a return on equity of 125.73% and a net margin of 35.42%. As a group, sell-side analysts forecast that Msci will post 5.98 EPS for the current year.
A number of large investors have recently bought and sold shares of MSCI. Seven Eight Capital LP purchased a new stake in shares of Msci in the 3rd quarter valued at $337,000. Baldwin Brothers Inc. MA increased its holdings in Msci by 3.0% during the 3rd quarter. Baldwin Brothers Inc. MA now owns 13,135 shares of the technology company’s stock worth $2,330,000 after purchasing an additional 385 shares during the period. AXA increased its holdings in Msci by 54.1% during the 3rd quarter. AXA now owns 169,182 shares of the technology company’s stock worth $30,015,000 after purchasing an additional 59,373 shares during the period. Dock Street Asset Management Inc. increased its holdings in Msci by 1.7% during the 4th quarter. Dock Street Asset Management Inc. now owns 61,470 shares of the technology company’s stock worth $9,063,000 after purchasing an additional 1,011 shares during the period. Finally, Pennsylvania Trust Co increased its holdings in Msci by 48.1% during the 4th quarter. Pennsylvania Trust Co now owns 33,179 shares of the technology company’s stock worth $4,891,000 after purchasing an additional 10,775 shares during the period. Institutional investors own 94.61% 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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