MSCI (NYSE:MSCI) Earns Outperform Rating from Analysts at Evercore ISI

Equities research analysts at Evercore ISI initiated coverage on shares of MSCI (NYSE:MSCI) in a research note issued on Wednesday, Marketbeat.com reports. The brokerage set an “outperform” rating and a $690.00 price target on the technology company’s stock. Evercore ISI’s target price points to a potential upside of 17.29% from the stock’s previous close.

Several other brokerages have also commented on MSCI. Barclays increased their price objective on MSCI from $650.00 to $700.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Royal Bank of Canada reissued an “outperform” rating and issued a $638.00 price target on shares of MSCI in a report on Wednesday, July 24th. The Goldman Sachs Group upped their price objective on shares of MSCI from $526.00 to $590.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. UBS Group lifted their target price on shares of MSCI from $575.00 to $585.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Finally, Argus upped their price target on shares of MSCI from $520.00 to $600.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $598.07.

MSCI Price Performance

MSCI opened at $588.31 on Wednesday. The firm has a market capitalization of $46.61 billion, a PE ratio of 40.16, a price-to-earnings-growth ratio of 2.98 and a beta of 1.11. The business’s 50-day moving average is $559.61 and its two-hundred day moving average is $523.11. MSCI has a 1 year low of $439.95 and a 1 year high of $617.39.

MSCI (NYSE:MSCI) last issued its quarterly earnings data on Tuesday, July 23rd. The technology company reported $3.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.55 by $0.09. MSCI had a net margin of 43.86% and a negative return on equity of 143.09%. The firm had revenue of $707.90 million for the quarter, compared to the consensus estimate of $696.41 million. During the same quarter in the previous year, the firm earned $3.26 EPS. The company’s quarterly revenue was up 14.0% compared to the same quarter last year. As a group, sell-side analysts expect that MSCI will post 14.79 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Rise Advisors LLC purchased a new position in shares of MSCI during the 1st quarter valued at approximately $26,000. Rothschild Investment LLC acquired a new stake in MSCI during the second quarter valued at $26,000. HWG Holdings LP purchased a new position in MSCI in the second quarter valued at $27,000. Crewe Advisors LLC acquired a new position in shares of MSCI in the first quarter worth about $34,000. Finally, Ridgewood Investments LLC purchased a new stake in shares of MSCI during the 2nd quarter worth about $40,000. 89.97% of the stock is owned by institutional investors and hedge funds.

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.