MSCI Inc. (NYSE:MSCI) Receives Average Recommendation of “Buy” from Brokerages

Posted by on Jun 18th, 2022

MSCI Inc. (NYSE:MSCI – Get Rating) has received an average rating of “Hold” from the nine analysts that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $558.57.

A number of brokerages have recently weighed in on MSCI. StockNews.com began coverage on MSCI in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on MSCI from $533.00 to $477.00 in a research report on Wednesday, April 27th. Redburn Partners started coverage on MSCI in a research report on Tuesday, May 17th. They issued a “buy” rating on the stock. Raymond James upgraded MSCI from a “market perform” rating to an “outperform” rating and set a $515.00 target price on the stock in a research report on Thursday, April 28th. Finally, The Goldman Sachs Group started coverage on MSCI in a research report on Friday, April 1st. They issued a “neutral” rating and a $553.00 target price on the stock.

Shares of MSCI opened at $386.71 on Friday. The company has a market capitalization of $31.43 billion, a P/E ratio of 42.40 and a beta of 1.07. MSCI has a one year low of $376.41 and a one year high of $679.85. The stock has a 50-day moving average price of $430.64 and a 200 day moving average price of $502.73.

MSCI (NYSE:MSCI – Get Rating) last released its earnings results on Tuesday, April 26th. The technology company reported $2.98 EPS for the quarter, topping analysts’ consensus estimates of $2.74 by $0.24. MSCI had a negative return on equity of 205.88% and a net margin of 35.65%. The company had revenue of $559.90 million for the quarter, compared to the consensus estimate of $563.18 million. During the same quarter last year, the business posted $2.46 EPS. MSCI’s quarterly revenue was up 17.0% compared to the same quarter last year. Sell-side analysts anticipate that MSCI will post 11.41 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 31st. Stockholders of record on Friday, May 13th were given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Thursday, May 12th. MSCI’s dividend payout ratio (DPR) is presently 45.61%.

Several hedge funds have recently modified their holdings of MSCI. Equitec Proprietary Markets LLC bought a new stake in shares of MSCI during the 4th quarter worth $26,000. AdvisorNet Financial Inc boosted its stake in shares of MSCI by 113.0% during the 4th quarter. AdvisorNet Financial Inc now owns 49 shares of the technology company’s stock worth $30,000 after acquiring an additional 26 shares in the last quarter. Riverview Trust Co bought a new stake in shares of MSCI during the 1st quarter worth $25,000. Glassman Wealth Services boosted its stake in shares of MSCI by 50.0% during the 4th quarter. Glassman Wealth Services now owns 60 shares of the technology company’s stock worth $37,000 after acquiring an additional 20 shares in the last quarter. Finally, FinTrust Capital Advisors LLC boosted its stake in shares of MSCI by 293.8% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 63 shares of the technology company’s stock worth $38,000 after acquiring an additional 47 shares in the last quarter. Institutional investors own 90.76% of the company’s stock.

About MSCI (Get Rating)

MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. It operates through four segments: Index, Analytics, ESG and Climate, and All Other – Private Assets. The Index segment provides indexes for use in various areas of the investment process, including indexed product creation, such as ETFs, mutual funds, annuities, futures, options, structured products, over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.

Further Reading

Analyst Recommendations for MSCI (NYSE:MSCI)

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