MSCI (NYSE:MSCI) Stock Rating Upgraded by Deutsche Bank Aktiengesellschaft

MSCI (NYSE:MSCI) was upgraded by research analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, MarketBeat reports. The brokerage currently has a $569.00 price objective on the technology company’s stock, down from their previous price objective of $613.00. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 22.50% from the company’s previous close.

A number of other analysts also recently weighed in on MSCI. StockNews.com downgraded MSCI from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. Oppenheimer lowered their price objective on MSCI from $659.00 to $648.00 and set an “outperform” rating for the company in a research report on Tuesday, April 9th. Redburn Atlantic downgraded MSCI from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $620.00 to $470.00 in a research report on Tuesday, February 20th. Royal Bank of Canada reiterated an “outperform” rating and issued a $638.00 price objective on shares of MSCI in a research report on Friday, April 12th. Finally, The Goldman Sachs Group boosted their price objective on MSCI from $544.00 to $617.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, MSCI currently has a consensus rating of “Hold” and a consensus price target of $562.87.

MSCI Price Performance

NYSE:MSCI opened at $464.49 on Wednesday. The business has a 50 day moving average of $543.53 and a 200 day moving average of $538.04. The company has a market capitalization of $36.80 billion, a price-to-earnings ratio of 31.71, a PEG ratio of 2.24 and a beta of 1.06. MSCI has a 1-year low of $439.95 and a 1-year high of $617.39.

MSCI (NYSE:MSCI) last released its earnings results on Tuesday, April 23rd. The technology company reported $3.52 earnings per share for the quarter, topping analysts’ consensus estimates of $3.44 by $0.08. The company had revenue of $680.00 million during the quarter, compared to the consensus estimate of $685.47 million. MSCI had a negative return on equity of 111.33% and a net margin of 44.55%. MSCI’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.14 EPS. As a group, sell-side analysts anticipate that MSCI will post 14.81 EPS for the current year.

Institutional Investors Weigh In On MSCI

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TRUE Private Wealth Advisors grew its stake in MSCI by 7.6% in the first quarter. TRUE Private Wealth Advisors now owns 797 shares of the technology company’s stock worth $447,000 after purchasing an additional 56 shares during the period. Capital Investment Advisory Services LLC grew its stake in MSCI by 35.7% in the first quarter. Capital Investment Advisory Services LLC now owns 612 shares of the technology company’s stock worth $343,000 after purchasing an additional 161 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in MSCI by 1.4% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 14,210 shares of the technology company’s stock worth $7,964,000 after purchasing an additional 200 shares during the period. Simplicity Wealth LLC purchased a new stake in MSCI in the first quarter worth $1,353,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its stake in MSCI by 426.0% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,094 shares of the technology company’s stock worth $613,000 after purchasing an additional 886 shares during the period. 89.97% of the stock is owned by hedge funds and other institutional investors.

About MSCI

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.