JPMorgan Chase & Co. Issues Pessimistic Forecast for MSCI (NYSE:MSCI) Stock Price

MSCI (NYSE:MSCI) had its target price cut by equities researchers at JPMorgan Chase & Co. from $700.00 to $685.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 22.42% from the stock’s previous close.

Several other brokerages also recently commented on MSCI. Evercore set a $722.00 price target on shares of MSCI in a report on Wednesday, July 22nd. Barclays raised their price target on MSCI from $700.00 to $735.00 and gave the stock an “overweight” rating in a research note on Friday, July 10th. Weiss Ratings lowered shares of MSCI from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Bank of America raised their price target on shares of MSCI from $715.00 to $730.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Finally, Rothschild & Co Redburn set a $690.00 price objective on shares of MSCI in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $701.17.

MSCI Trading Down 0.2%

NYSE MSCI traded down $1.25 on Wednesday, hitting $559.57. The company’s stock had a trading volume of 155,150 shares, compared to its average volume of 629,979. The company’s 50-day simple moving average is $558.89 and its 200 day simple moving average is $574.85. MSCI has a 52-week low of $501.08 and a 52-week high of $644.77. The firm has a market cap of $40.68 billion, a P/E ratio of 30.63, a PEG ratio of 2.15 and a beta of 1.24.

MSCI (NYSE:MSCI) last released its quarterly earnings results on Tuesday, July 21st. The technology company reported $4.94 earnings per share for the quarter, missing the consensus estimate of $4.99 by ($0.05). The company had revenue of $867.00 million during the quarter, compared to the consensus estimate of $870.71 million. MSCI had a net margin of 40.74% and a negative return on equity of 55.19%. The business’s revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the firm earned $4.17 EPS. On average, research analysts forecast that MSCI will post 19.59 EPS for the current fiscal year.

Institutional Investors Weigh In On MSCI

Large investors have recently bought and sold shares of the company. Burkett Financial Services LLC increased its holdings in MSCI by 200.0% during the 3rd quarter. Burkett Financial Services LLC now owns 48 shares of the technology company’s stock valued at $26,000 after purchasing an additional 32 shares during the period. Ancora Advisors LLC bought a new stake in MSCI in the 2nd quarter worth approximately $27,000. Compound Global Advisors LLC purchased a new position in shares of MSCI in the second quarter worth approximately $34,000. SHP Wealth Management purchased a new stake in MSCI in the 4th quarter worth approximately $36,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of MSCI during the first quarter worth about $39,000. 89.97% of the stock is currently owned by institutional investors and hedge funds.

MSCI News Roundup

Here are the key news stories impacting MSCI this week:

• Positive Sentiment: Zacks said MSCI has favorable conditions for a potential earnings beat in its upcoming quarterly report, supporting expectations for continued earnings growth. MSCI Earnings Expected to Grow
• Positive Sentiment: Morgan Stanley maintained an overweight rating, with a $662 price target implying substantial upside from recent levels. The continued bullish rating indicates confidence in MSCI’s long-term earnings and subscription-based business model. Morgan Stanley MSCI price target update
• Neutral Sentiment: Morgan Stanley nevertheless reduced its target from $700 to $662, signaling somewhat lower near-term expectations even as it remains positive on the stock.
• Neutral Sentiment: Upcoming quarterly earnings are a near-term catalyst. MSCI’s previous report slightly missed consensus on earnings and revenue, although revenue still grew 12.2% year over year, making guidance and recurring-revenue trends especially important to investors. MSCI Quarterly Earnings Announcement
• Negative Sentiment: A recent analysis noted that MSCI’s six-month stock return lagged major market benchmarks, which may reinforce concerns about valuation and slower momentum. The company also faces a less favorable backdrop as higher interest rates and rotations away from growth stocks pressure technology-related shares. MSCI Economic Moat Analysis

MSCI Company Profile

MSCI Inc is a global provider of investment decision-support tools and services for institutional investors, asset managers, banks, wealth managers and other financial professionals. The company is best known for its equity, fixed-income and multi-asset-class indexes, which are used as benchmarks and as the basis for investment products such as exchange-traded funds and other index-linked strategies.

In addition to indexes, MSCI provides portfolio analytics, risk-management and performance-measurement tools designed to help clients evaluate exposures, construct portfolios and manage investment risks.